Last Monday, SECP, Pakistan's corporate regulator, warned public about a crowd-funding website raising funds from the public. (Internet-based crowd-funding platforms help small firms and individuals raise small donations or investment from other individuals). It also informed the public that crowd-funding schemes are not legally allowed in Pakistan. The statement also made clear that the said platform, with the name "Innovative Crowd Funding Project Pvt. Ltd Pakistan" wasn't registered with SECP.
The press release further stated that "the public is hereby warned not to be misled by...
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