Thursday, December 7, 2023

Pakistan Blacklists More than 100 Loan Apps

The Caretaker Interior Minister, Sarfraz Bugti, declared on Monday that the government has blacklisted 111 online apps offering interest-based loans.

This decision was revealed during a discussion raised by Senator Mushtaq Ahmed, addressing concerns about the increasing presence of such apps in the country.

Minister Bugti shared that the Cyber Wing of the Federal Investigation Agency (FIA) has seized Rs 1.8 billion related to interest and filed cases against those operating these mobile apps.

He also emphasized the government’s actions against unregistered apps, pointing out challenges faced by the FIA in handling cybercrimes due to limited capacity and legal issues.

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