Advertisement
Categories: BusinessNews

SECP’s Crackdown: 8 More Illegal Personal Loan Apps Identified

Advertisement

Securities and Exchange Commission of Pakistan (SECP) has intensified its crackdown on illegal personal loan apps.

Monitoring social media platforms and websites closely, SECP has identified eight additional illegal apps, distributed through various channels including APK websites, emails, and social media.

Taking swift action, SECP has partnered with the Federal Investigation Agency (FIA) and Pakistan Telecommunication Authority (PTA) to initiate actions against these illegal apps.

So far, SECP has successfully blocked 132 illegal apps through collaborative efforts with Google, Apple, FIA, and PTA.

The proliferation of illegal apps poses significant risks to users, including misuse of personal information, financial fraud, and harassment.

SECP warns the general public against downloading apps from unauthorized sources, emphasizing the importance of only accessing SECP-approved personal loan apps available on official app stores such as Google and Apple.

To aid the public in making informed decisions, SECP has published an updated list of illegal apps on its website, along with a list of approved personal loan apps endorsed by SECP. This initiative aims to ensure the safety and security of users while navigating the digital landscape.

Advertisement
Amir Shahzad

Amir Shahzad is a experienced journalist with exceptional leadership skills. Graduated from University of Peshawar, he pitched number of acclaimed stories in the national news channels. At present, serving as senior reporter in a reputed news channel of Pakistan, Amir deliver a vast array of in-depth and informative news packages on country's most strenuous part Khyber Pakhtunkhwa (KPK) bordering Afghanistan. He loves reading and travelling.

Recent Posts

Federal Cabinet Urged to Cut 30% Staff in Four Ministries

A government committee tasked with streamlining administrative operations has recommended a 30% reduction in the…

41 minutes ago

Punjab HR System to Go Paperless: Chief Secretary Pushes for E-Governance Revolution

Punjab Chief Secretary Zahid Akhtar Zaman has called for the implementation of a paperless human…

43 minutes ago

Largest Pakistani Participation at Heimtextil 2025 – with over 270 exhibitors

Pakistan is set to make history at Heimtextil 2025, the world’s leading trade fair for…

47 minutes ago

Daraz 1.1 New Year Mega Sale: Ring in 2025 with smart shopping and maximum savings

As the New Year approaches, Daraz Pakistan will be helping consumers turn their New Year…

49 minutes ago

Sindh targets global investors with mega construction initiative: Sharjeel

The Sindh government is advancing plans to invigorate economic activities through a mega construction project…

50 minutes ago

BIEK Announces Intermediate Exam Results for 2024

The Board of Intermediate Education Karachi (BIEK) has announced the results of the 2024 annual…

52 minutes ago