Ministry of IT & Telecom Steps against Loan Apps

Loan Apps Scandal and Ministry of IT & Telecom Steps

In recent days a man suicide in Rawalpindi due to Loan Apps. After this viral news on social media Ministry of IT & Telecom took steps against these apps.

Strict action has been initiated against illegal loan applications. Chairman PTA Major General Hafeezur Rehman was instructed to take immediate action against such applications. 43 applications have been blocked under the immediate implementation of the instructions.

Such companies are registered with the Securities and Exchange Commission. PTA’s initiatives also include consultation and support from SECP. The lending mafia is blackmailing simple people through Facebook and other social media platforms.

A campaign should also be conducted to the awareness of consumers so that they cannot become victims of the blackmailing mafia in this way. People should also file complaints of such applications with PTA, FIA Cybercrime, and local police.

Federal Minister IT Syed Aminul Haq also contacted the Director General FIA and took a briefing on the actions taken so far. Instead of waiting for complaints, the FIA cybercrime wing should take action against such elements automatically.

It is necessary to suppress the elements that take advantage of the compulsions of the people and push them into the darkness of death. The return of thousands of loans in millions, threats, blackmail, and use of personal data of the user, is against the law.

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