By Web Desk 
Financial fraud in the form of Ponzi schemes has become an increasing concern in Pakistan, where unsuspecting investors are often lured by promises of exorbitant returns with minimal risk. These schemes typically rely on recruiting new investors to pay returns to earlier participants, eventually collapsing when the influx of new investments dries up. Recent cases in Pakistan underscore the devastating financial impact of such fraudulent practices.
Regulatory bodies like the Securities and Exchange Commission of Pakistan (SECP) have stepped up efforts to curb these scams, issuing warnings to the public and encouraging victims to come forward.
Financial experts stress the importance of due diligence, urging citizens to verify the legitimacy of any investment opportunity. Additionally, educational campaigns on financial literacy are being promoted to help individuals identify red flags and avoid falling victim to such traps. By addressing these issues proactively, Pakistan aims to protect its citizens and ensure a safer economic environment