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Pakistan Blacklists More then 100 Loan Apps - Muhammad Fahim - 11-14-2023
Caretaker Interior Minister Sarfraz Bugti announced on Monday that the government has blacklisted 111 online apps that were offering online interest-based loans.
The announcement came during a discussion on a motion raised by Senator Mushtaq Ahmed, addressing concerns about the proliferation of such apps in the country. Minister Bugti mentioned that the Cyber Wing of the Federal Investigation Agency (FIA) has confiscated Rs 1.8 billion in interest and registered cases against those operating these mobile apps.
He also highlighted the government's efforts to take action against unregistered apps, emphasizing the challenges faced by the FIA in handling cybercrimes due to limited capacity and legal issues.
Source:Startup Pakistan