Tue, 21-Oct-2025

More than 100 digital loan apps have been banned in Pakistan

More than 100 digital loan apps have been banned in Pakistan

FIA seized Rs 1.8 billion linked to interest-based transactions. The government is targeting apps not registered with SECP. Online loan apps have become a menace, impacting numerous individuals. Caretaker Interior Minister Sarfraz Bugti announced on Monday that the government has officially blacklisted 111 online apps offering interest-based loans. This decision followed a discussion initiated by … Read more

FIA cracks down on loan applications after a suicide incident

FIA cracks down on loan applications after a suicide incident

Two loan application offices located in Islamabad were searched and closed down by the FIA. Masood tragically took his own life after being blackmailed by online loan applications. Laptops and computers were seized during the operation. The FIA’s Cyber Crime Wing has taken action against online loan apps after the tragic suicide of Muhammad Masood, … Read more