Illegal SIM Cards Fuel Banking Fraud Wave in Pakistan, Lawmakers Warned

Loopholes fuel crime wave as illegal SIMs drive banking fraud, NA panel told

ISLAMABAD: Loopholes in the system continue to fuel a crime wave, with illegally issued SIMs being used in a large number of fraudulent calls and fake banking messages. This was the grim picture presented to the National Assembly Standing Committee on Interior and Narcotics Control on Thursday, as regulators acknowledged that scammers remain active despite the blocking of 18.2 million illegal SIMs over the past two and a half years and fines imposed on telecom companies. The committee was tol...

By none@none.com (Iftikhar A. Khan)