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Australia has introduced a law banning social media platforms from signing up users under 16, with fines of up to $50M AUD for non-compliance. TikTok warns it could drive kids to unsafe, unregulated spaces, Meta calls the process rushed, and Snapchat raises privacy concerns. Critics also point to unclear enforcement and high compliance costs for firms. This legislation could set a global precedent, with other countries watching closely. For social media firms, it’s a turning point in balancing s
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HBL contributes more than Rs 4 billion in the social uplift of Pakistan. This contribution is a testament to HBL's commitment to being “More Than Just a Bank”. HBL invites you to read its Impact and Sustainability Report – 2022 to learn how profitability and sustainability together make a real difference. Read here: https://www.hbl.com/sustainability #MoreThanJustABank #HBLSustainability #SDGs #ESG | HBL
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