Tech giant Google registered itself with SECP as in line with the “Removal and Blocking of Unlawful Online Content Rules”, social media companies had to open offices in the country.
American tech giant Google has registered itself as a company with the Securities and Exchange Commission of Pakistan (SECP), official documents stated.
The tech giant Google has registered itself with the SECP as in line with the “Removal and Blocking of Unlawful Online Content (Procedure, Oversight and Safeguards) Rules, 2021”, social media companies had to open offices in the country. Minister for Information Technology and Telecommunication told, following the registration of the American multinational technology company, other social media platforms will also establish offices in Pakistan.
“TikTok will soon set up its office in Pakistan. Companies remain reluctant due to the lack of trust and inconsistent policies,” he said while maintaining that his ministry will offer complete support to foreign companies.
Pakistan’s government, as per social media rules, has made registration mandatory for companies and Google registered itself as a company in this context. Data will be safe if Google’s server is built in Pakistan. Even now, data of all companies including social media gets stored outside Pakistan.
Earlier, Foreign Minister also visited Meta’s — Facebook’s parent company — Asia-Pacific headquarters in Singapore. Foreign Minister, during his visit, highlighted the achievements and huge potential of Pakistan’s IT sector. He expressed a keen desire for enhanced cooperation between the social media giant and Pakistan.
Big Tech, also known as the Tech Giants, is a grouping of the most dominant companies in the information technology industry, mostly centered in the United States. The tech giants are dominant players in their respective areas of technology: artificial intelligence, e-commerce, online advertising, consumer electronics, cloud computing, computer software, media streaming, smart home, self-driving cars, and social networking.
They are among the most valuable public companies globally, each having had a maximum market capitalization ranging from around $1 trillion to above $3 trillion. In December 2021 and November 2022 respectively, Meta Platforms and Amazon.com Inc. fell below their $1 trillion market caps. They are also considered among the most prestigious employers in the world, especially Google.
Originally published at GEO TV