BR100 Decreased By (-0.38%)
BR30 Decreased By (-0.46%)
KSE100 Decreased By (-0.42%)
KSE30 Decreased By (-0.52%)
AGHA 7.40 Decreased By ▼ -0.16 (-2.12%)
BECO 5.06 Decreased By ▼ -0.03 (-0.59%)
BML 56.43 Increased By ▲ 1.45 (2.64%)
BOP 32.64 Decreased By ▼ -0.34 (-1.03%)
CNERGY 10.29 Increased By ▲ 0.19 (1.88%)
CSIL 5.36 Increased By ▲ 0.23 (4.48%)
FCCL 51.74 Increased By ▲ 0.49 (0.96%)
FFL 16.49 Increased By ▲ 0.31 (1.92%)
FNEL 1.21 Increased By ▲ 0.02 (1.68%)
KEL 7.14 Increased By ▲ 0.08 (1.13%)
KOSM 6.05 Increased By ▲ 0.51 (9.21%)
LOTCHEM 26.81 Decreased By ▼ -2.31 (-7.93%)
MLCF 88.17 Decreased By ▼ -0.65 (-0.73%)
NBP 193.18 Decreased By ▼ -4.31 (-2.18%)
NCPL 55.31 Increased By ▲ 0.29 (0.53%)
NPL 64.65 Decreased By ▼ -0.23 (-0.35%)
OGDC 310.38 Decreased By ▼ -1.57 (-0.5%)
PACE 10.38 Increased By ▲ 0.17 (1.67%)
PAEL 40.85 Decreased By ▼ -0.14 (-0.34%)
PIBTL 15.85 Decreased By ▼ -0.11 (-0.69%)
PPL 211.10 Decreased By ▼ -1.56 (-0.73%)
PRL 53.14 Increased By ▲ 0.60 (1.14%)
PTC 68.07 Decreased By ▼ -1.01 (-1.46%)
SSGC 24.85 Decreased By ▼ -0.25 (-1%)
TBL 9.50 Decreased By ▼ -0.12 (-1.25%)
TELE 8.29 Decreased By ▼ -0.03 (-0.36%)
TPL 18.29 Increased By ▲ 0.54 (3.04%)
TPLP 12.97 Decreased By ▼ -0.25 (-1.89%)
TREET 21.43 Decreased By ▼ -0.31 (-1.43%)
TRG 58.97 Increased By ▲ 2.08 (3.66%)

The United States on Tuesday granted Chinese telecom giant Huawei another 45 days to continue doing business with American companies. The new provisional license expires on May 15. Prior to the extension, the previous license was set to expire on April 1.

In May, Washington said it would blacklist Huawei from the US market and from buying crucial American components. The United States has expressed concern that Huawei equipment could contain security loopholes that allow China to spy on global communications traffic. The company has denied the accusation. US companies and residents are essentially forced to find alternative suppliers for Huawei' telecommunications equipment and software.

US President Donald Trump's administration granted Huawei a provisional license, extended for 90 days in November and then for 45 days in February, so as not to cut off the most rural areas of the United States from the world while companies found alternative suppliers.

Copyright Agence France-Presse, 2020

Comments

Comments are closed for this article.