Tag Archives: FIA

Bitcoin To Be Illegal in Pakistan

Bitcoin To Be Illegal in Pakistan


Sumera Saeed | February 7, 2018 | category: Banking

Bitcoin To Be Illegal in Pakistan. Soon the use of Bitcoin will be illegal in Pakistan. The Federal Investigation Agency (FIA) has suggested the government of Pakistan to announce the digital currency Bitcoin as illegal. FIA has alos suggested that in order to stop the emerging crime in the country the government has to include the definition and distinct punishment in the prevention of electronic crimes act (PECA).

As per the FIA official notification the Bitcoin is not accepted and recognized legal by the State Bank of Pakistan (SBP) and damaging the government exchequer. FIA said that Bitcoin should be declared illegal with the inclusion of definition and distinct punishment of this emerging crime.

SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan

As State Bank of Pakistan (SBP) has termed the digital currencies illegal. There is no law that shows to deal with Bitcoin or any other digital currencies in Pakistan.

The prevention of electronic crimes act (PECA) was made in 2016 and FIA has suggested more amendments to improve it.

FIA said that crimes under PECA-2016 — other than cyber terrorism [Section.10], offence against modesty of natural person [Section.21] and child pornography [Section.22] — are non-cognizable, bail-able and compoundable.

These following are non-cognizable offences according to PECA-2016, i.e. the Law Enforcement Agencies are allowed to take action against the offensive to initiate the investigation or arrest without the permission of the Magistrate.

Illegal Access /alteration / deletion / intrusion to Critical Infrastructure Information Systems/ Data Section 6, 7, 8]

  •     Electronic Forgery [Section.13]
  •     Electronic Fraud [Section.14]
  •     Unauthorized Issuance of SIM [Section.17]
  •     Tampering of electronic equipment’s [Section. 18]
  •     Cyber Stalking [Section.24]
  •     Spoofing [Section.26]

FIA said that due to the non-cognizable nature of these offences, related to the cyber security of the country is hindering the helpful investigation and successful prosecution against the offenders. Furthermore these crimes are bail-able which harmfully affects the arrest of offender as bail is granted on first physical remand.

These offences are compoundable, which means that at any stage an aggrieved person can enter into conciliation with the accused.

FIA want the timely investigation of these time-critical crimes demands an immediate response by the law enforcement agency to limit and contain the damage caused by offenders. As the timely investigation and apprehension would improve the evidence collection for successful trial.

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FIA’s Awareness Campaign About ATM Proves Fruitful

FIA’s Awareness Campaign About ATM Proves Fruitful


Sumera Saeed | December 12, 2017 | category: Banking

FIA’s Awareness Campaign About ATM Proves Fruitful. The awareness campaign of Federal Investigation Agency (FIA) has proved fruitful and positive outcomes have come after ATM hackers’ case as a resident of Ranala Khurd has removed his scammer attached with local ATM.
Sources of agency told Online that four more accused have been arrested on the information of already arrested accused Saqib-u-llah and included them in investigation and further investigation is going on for the arrest of remaining members of whole gang adding that FIA have so far kept the identification of accused under secret to arrest the remaining accused.
“During the investigation, the four accused have disclosed that they used to collect the data of credit cards and debit cards from various shopping malls, cafeterias, restaurants and cash and carry stores and sent it to other members of the gang”, sources added and maintained that afterwards, new debits cards and credit cards are made with the help of this data and amount was withdrawn from different accounts.
These accused during investigation have also confessed to install scammer with various ATM adding that some members of this gang were running Online business in China. The ATM cards made of this stolen data are used in China and make transaction through these ATM cards prepared of such data and sends share to their partners in Pakistan.

How To Keep Your ATM Credentials Safe?


Talking about update information regarding investigation, sources said that it is a big network gang which has its network in China, India, America, Canada and Italy.
Sources said that five accused have been arrested so far and further investigation is going on adding that further arrests are expected.
It is worth mentioning here that FIA have also arrested a big gang allegedly involved in such crimes on the complaints of private bank and arrested at least 11 accused.

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SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan

SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan


Sumera Saeed | April 14, 2017 | category: Business

SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan

Securities and Exchange Commission of Pakistan (SECP) has warned the people not to make investments in Bitcoin & Other Crypto currencies to avoid scam. According to SECP a number of companies in Pakistan are offering investment plans Bitcoin, Swisscoin, OneCoin and other virtual and digital currencies, but are not under the authorized identity under SECP.

So SECP warns the people that to invest with these fake and unregistered companies are risky and can be a deceitful pyramid scheme.

Securities and Exchange Commission of Pakistan (SECP) has revealed that a number of unlicensed operators are carrying out illegal trading operations in currency/commodity futures, across various cities of Pakistan in partnership with foreign counterparts, by using foreign trading platforms/exchanges.

The SECP has started a creak down against these illegal and unregistered companies and has initially got preliminary data  against  over  30  illegal  operators presently  busy  in  unlicensed  trading  activities.  The

The SECP has decided to forward this initial list of illegal brokerage houses and their suspected agents to the FIA for an immediate crackdown.

The  SECP  is  sure  that  cracking  down  on  the  black  market  will  go  a  long  way  in defending  investors,  lift up  government  revenues  by  transforming  the  illegal  into legal activity  in  the  regulated  and  documented  sector,  and  saving  the  foreign  exchange  currently being  sent  abroad.

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Facebook Should Ban in Pakistan if Blasphemous Content Not Removed: IHC

Facebook Should Ban in Pakistan if Blasphemous Content Not Removed: IHC


Sumera Saeed | March 22, 2017 | category: Mobile Phones

Facebook Should Ban in Pakistan if Blasphemous Content Not Removed: IHC

The Islamabad High Court (IHC) Judge Justice Shaukat Siddiqui has notified the concerned authorities to ban social media website Facebook in the country if the blasphemous material is not removed. The decision to block the Facebook in Pakistan will be taken in the next hearing on 27th March 2017.

The Islamabad High Court bench also asked Pakistan Telecommunication Authority (PTA) to submit its report regarding the latest findings. The IHC Justice Shaukat Aziz Siddiqui was also informed about the progress made by the Federal Investigation Agency (FIA). The DG FIA told to IHC bench that they have completed the investigations and arrested a man who is reportedly involved in sharing the blasphemous content on social media website Facebook. A mobile phone and a laptop have also been recovered from the accused’s custody which now rests with forensic officials.  The DG FIA further added that several other involved in sharing such content have been placed on the Exit Control List (ECL) and the case has been filed two days ago.

The IHC judge also asked the Interior Secretary, why government is not having help of FIA to eliminate blasphemous content on Facebook.

On the other hand Advocate General Islamabad said the social media company takes two to three weeks in sharing compulsory information.

The IHC Judge said that its very sensitive issue and we should block Facebook in the country until the matter is resolved properly. He said,

“We do not need social media if it cannot stop blasphemy”.

The director FIA also told the Islamabad High Court that they identified approximately 70 alleged people who were running scandalous pages on social media. He further told that many of identified persons were living abroad.

The DG FIA assured the court that the Facebook management was willing to support Pakistan but needs some time to look into the matter.

IHC Justice remarked that time should be given to the Facebook management and until then he insisted that

 “it was important to ban Facebook in Pakistan.”

He order involved authorities to submit reports  till 27th March 2017 and the decision about the ban on Facebook will be taken in next hearing.

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