Sunday, June 16, 2024, 11:57 PM
**First fuel trucks enter war-torn Gaza: Rafah crossing official **Six trucks with fuel to power generators at two hospitals crossed from Egypt **Hezbollah war with Israel would be 'mistake of its life': Netanyahu **We will strike it with a force it cannot even imagine: Netanyahu **Force ‘not way’ to resolve Israeli-Palestinian conflict : China **Iran journalists who covered Amini death get jail sentences **Elaheh Mohammadi, Niloufar Hamedi were both found guilty of collaboration with US **Elaheh and Niloufar were arrested after reporting on the death last year of Mahsa Amini
Home Business Crackdown against illegal loan apps continue

Crackdown against illegal loan apps continue

The SECP has updated its list of illegal apps on its website for public awareness

by NWMNewsDesk
0 comment

As part of its ongoing efforts to combat illegal loan apps, the Securities and Exchange Commission of Pakistan (SECP) has noticed a shift in the distribution of such apps.

Some operators are now launching illegal loan apps through Android Package Kit (APK) files, using alternative channels like websites and WhatsApp, rather than uploading them on Google and Apple Play stores.

To address this issue, the SECP has taken action against seven illegal apps that were marketed on various websites, collaborating with the Federal Investigation Agency (FIA) and the Pakistan Telecommunication Authority (PTA).


This change in distribution tactics is a response to the SECP’s crackdown on illegal lending apps, carried out in partnership with Google, FIA, and PTA. This joint effort resulted in the removal of 120 illegal apps from the Google and Apple App stores.

The SECP has updated its list of illegal apps on its website for public awareness. The general public is strongly advised to only download SECP-approved personal loan apps, which can be found on the SECP’s official website.

You may also like

In a recent breakthrough, researchers have found that the updated COVID-19 vaccine has demonstrated an impressive 95% efficacy rate against the emerging Delta variant, which has been causing widespread concern globally.


Latest Articles

© 2023 News World Media. All Rights Reserved.