ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Akif Saeed, while speaking at an awareness seminar on investing in stocks, commodities and mutual funds held at the Expo, said that mobiles providing illegal loans Announced the closure of 150 applications. Sponsored by Pakistan Commercial Exchange.
Chairman Akif Saeed highlighted the important actions taken by the SECP to shut down these illegal apps that are engaged in the unauthorized business of providing digital loans to consumers.
He further said that strict action will be taken against misleading investor apps on social media platforms. Mr Saeed called on the public to check out SECP investment opportunities before making financial commitments.
Mr. Saeed spoke about SECP’s efforts in promoting financial literacy and unveiled the launch of a comprehensive awareness program named ‘Jum Ponji’. The program aims to provide the public with critical information to make informed financial decisions and improve overall financial literacy.
Mr. Saeed further emphasized that the SECP remains vigilant in warning the public about illegal investment platforms and urges individuals to refer to the SECP for accurate and reliable information before participating in investment activities. I called out.