KARACHI:

Pakistan’s financial regulators face a growing challenge from the rapid spread of unregulated online investment and trading apps. These apps promise easy profits but often result in financial losses, data theft, and negative impacts on the economy.

The proliferation of such platforms, many operating beyond the oversight of the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP), has raised serious concerns about investor protection and the integrity of the country’s financial system.

“With the increasing penetration of broadband internet service and its users, cybercrimes are on the rise in Pakistan and worldwide, causing monetary losses to consumers and building mistrust about legal digital services,” said Ibrahim Amin, a banking and fina

See Full Page