The Securities and Exchange Commission of Pakistan (SECP) has issued a list of 37 companies involved in unauthorized business activities including leasing/financing/loan facilities and illegal Stock/Shares Trading Platforms.
According to the details of the SECP, some registered companies are suspected to be engaged in unauthorized business activities including leasing/financing/loan facilities (which are licensed activities), MLM, pyramid/Ponzi schemes, seeking deposits from the general public in the name of jobs, investment and trading etc.
The following entities have come to SECP’s notice which are not registered with the SECP however they are representing themselves as registered companies and some are producing fake/ tempered incorporation certificates to defraud general public.
Updated on December 17, 2024:
| S.No. | Name of the Entity |
| 1 | AlJamal Trade Investment |
| 2 | Asan Rozgar Company Pvt LimitedAsan Rozgar (Private) LimitedAsan Rozgar Global (Private) Limited |
| 3 | Asia Online Work (SMC – Pvt.) Ltd |
| 4 | Bitcashpk |
| 5 | BitMaza |
| 6 | Frizpy Advertising and Marketing (Private) Limited |
| 7 | Grow Online Work (SMC- Private) Limited |
| 8 | Get Raedy Cash (Private) Limited |
| 9 | KK Empires (SMC-Pvt) Limited |
| 10 | Pro Market Cap |
| 11 | Forex Egency |
| 12 | Save Money |
| 13 | Forex Capital Pvt Ltd |
| 14 | Easy Paisa Bank |
| 15 | Begolife Private Limited Company |
| 16 | Blue Sky General Trading Pvt Ltd |
| 17 | EBL Pakistan |
| 18 | Trade4pay |
| 19 | Dream Star |
| 20 | LCL Global |
| 21 | E TEN POWER (SMC-PRIVATE) LIMITED |
| 22 | THE SHARE BAZAAR (SMC-PRIVATE) LIMITED |
| 23 | Rock Stable Earn |
| 24 | Ultra Paid Wire Pvt Limited |
| 25 | The Save Money (SMS-Private Limited |
| 26 | IW ALTERNATIV GENERAL PARTNER LIMITED |
| 27 | Return Extra Private Limited |
| 28 | The Digital Invest (Private) Limited |
| 29 | Forex Trading Pvt Ltd |
| 30 | SmartPays (www.smartpays.org) (App apk: www.smartpays.org/smartpays.apk) |
| 31 | The Plexus Earn (Pvt.) ltd |
| 32 | Aviva Investment Group/ H1-Aviva Securities Exchange Academy/ Aviva Investment Limited |
| 33 | IGIL Securities/ WTIC World Top Investor Competition |
| 34 | IBKR/ IBKR Wealth Hub520/ Professional Global Stock Trading Platform/ WTIC World Top Investor Competition |
| 35 | BMAC/ BMA Capital No.108/ BMA Capital International Pla/ BMAC Global Pro/ WTIC World Top Investor Competition |
| 36 | ABRDN Group Practical Investment Academy/ WTIC World Top Investor Competition |
| 37 | UBS Securities Exchange Academy/ UBS Equity Market Investment Blueprint/ WTIC World Top Investor Competition |
The General Public is being warned that these schemes /activities /businesses are prohibited and restricted under the law. Please note that the mere registration of a company with SECP does not authorize it to seek deposits from the general public. The general public is hereby cautioned in their own interest to be vigilant with their investments and dealing with these companies and not to be misled by such lucrative schemes.
Illegal Stock/Shares Trading Platform being promoted through social media: Numerous illegal platforms across social media such as Facebook, Instagram, and WhatsApp are promoting fraudulent investment schemes, misleadingly presented as investment advice or training courses. The advertisements entice the general public with false promises of extraordinary profits at minimal risks and insider tips, bonuses, easy loans for investments purposes on payment of membership fees or investing through the advertised platforms.
Moreover, names/logos/images of reputable professionals/companies, SECP, and PSX are being used to deceive potential investors. WTIC World Top Investor Competition, SECP added.
Following list includes names of such companies/entities that have come to SECP’s notice:
| S.No. | Name of the Company | City of Registration |
| 1 | 3 Genius Group of Companiesi. Brand Exportia (Private) Limited;ii 3G Adventure Tourism (Private) Limited; iii GMQ Builders and Developers (Private)Limited | Lahore |
| 2 | 3A Alliance (Pvt.) Limited | Karachi |
| 3 | A & F Online Jobs Services (Private) Limited | Karachi |
| 4 | Ababil Systems (Private) Limited | Islamabad |
| 5 | Ace Marketing (Private) Limited | Islamabad |
| 6 | Adam Khan Automobiles (Private) Limited | Peshawar |
| 7 | AH Buzz Online (SMC-Private) Limited | Faisalabad |
| 8 | Al- Haram Merchandise (Private) Limited | Faisalabad |
| 9 | Al Sayara Motors (Private) Limited | Islamabad |
| 10 | All Pakistan Projects:i. APP Projects and Real Estate (Private) Limited; ii. APP Restaurants & Cafe (Private) Limited; iii. APP Riders (Private) Limited; iv. APP Shopping Mall (Private) Limited; and v. AITS Traders (SMC-Private) Limited | Islamabad and Lahore |
| 11 | Alliance in Motion Global (Pvt.) Limited | Lahore |
| 12 | Aman Alliance (Private) Limited | Karachi |
| 13 | Auto Emporium Enterprises (SMC-Private) Limited | Lahore |
| 14 | Ayat Enterprises (SMC-Private) Limited | Islamabad |
| 15 | B4u Group:– Aas Waryas Global Trading (Private) Limited;– Aas Waryas Logistics (Private) Limited;– Agrozem Chem (Private) Limited;– Alpha Advertising (Pvt.) Limited;– B4usoft (Private) Limited;– B4u Builders & Developers (SMC-Private) Limited;– B4u Consultant (SMC-Private) Limited;– Bravo Taxi Service (SMC-Private) Limited;– Business Live (Private) Limited;– Emerging Innovations (Private) Limited;– Future Property Associates (Private) Limited;– Niazi Law Associates (Private) Limited;– Niazi Oil Services (Private) Limited;-Perfect Modaraba Management Company (Private) Limited;– Saif Rovina Associates (Private) Limited;– SR Cash & Carry (Private) Limited;– SRKN Limited;– SRKN Travels Tours & Recruiting Agency (SMC-Private) Limited; | Lahore and Karachi |
| S.No. | Name of the Company | City of Registration |
| 16 | BD4u Marketing (Private) Limited | Islamabad |
| 17 | Best Day Innovative Solutions (Pvt.) Limited | Faisalabad |
| 18 | BH Online Jobs Services (SMC-Pvt.) Limited | Karachi |
| 19 | BK Globel World (SMC-Private) limited | Faisalabad |
| 20 | Black Diamond Goat Farm (Pvt.) Limited | Multan |
| 21 | Brand Testing Servicing Pakistan (Private) Limited | Multan |
| 22 | Brilliant General Trading Limited | Karachi |
| 23 | British Lyceum (Private) Limited | Lahore |
| 24 | Btech Online Work (SMC-Private) Limited | Karachi |
| 25 | Carzio Auto Enterprises (SMC-Pvt.) Limited | Lahore |
| 26 | Corporate Automobiles (Private) Limited | Peshawar |
| 27 | Direct Testing Services (Private) Limited | Islamabad |
| 28 | Dream Automobiles (Private) Limited | Islamabad |
| 29 | DXN International Pakistan (Private) limited | Karachi |
| 30 | Eagle Crest (Private) Limited | Karachi |
| 31 | Eagle Crest Projects (Private) Limited | Karachi |
| 32 | Eman Albarka Trading Company (Private) Limited | Islamabad |
| 33 | Fragrance Land (SMC-Pvt.) Limited | Islamabad |
| 34 | Fine Technology Online (Private) Limited | Karachi |
| 35 | FS Links (SMC-Pvt.) Limited | Multan |
| 36 | Galaxy Typing Jobs (SMC-Pvt.) Limited | Islamabad |
| 37 | Get by Ads (Private) Limited | Quetta |
| 38 | Gex Consultants (Private) Limited | Islamabad |
| 39 | Global Ads & Marketing (Pvt.) Limited | Karachi |
| 40 | Global Sky Trade (Pvt.) Limited | Peshawar |
| 41 | Go Big Trade (Private) Limited | Karachi |
| 42 | GoatnSheep (Pvt.) Limited | Multan |
| 43 | Gold Transmit Network Technology (Private) Limited | Karachi |
| 45 | Good Luck Marketing International (SMC-Pvt.) Limited | Multan |
| 46 | Green Apple Super Market (Private) Limited | Karachi |
| 47 | H. A Rajput Traders (Private) Limited | Karachi |
| 48 | Highline Motors (SMC-Private) Limited | Islamabad |
| 49 | Holy Green Trade (Private) Limited | Multan |
| 50 | Horiizon Automobiles (Pvt.) Limited | Islamabad |
| 51 | IDG Enterprises (Pvt.) Limited (Islamic Dubai Group) | Islamabad |
| 52 | Induction and Assessment Initiative (Private) Limited | Islamabad |
| 53 | International Business Solutions (Private) Limited | Islamabad |
| 54 | Kasheer Marketing (Private) Limited Formerly Kasheer Islamic Marketing (Private) Limited | Karachi |
| 55 | KP Testing Agency KPTA (Private) Limited | Peshawar |
| 56 | KW Value Services (Pvt.) Limited | Karachi |
| 57 | La Ville De Paris Housing Scheme Limited | Lahore |
| 58 | Lanyard Consultancy (Private) Limited | Karachi |
| 59 | Lasani Oil Traders (Pvt.) Limited | Lahore |
| S.No. | Name of the Company | City of Registration |
| 61 | Level Pro Traders (Pvt.) Limited | Karachi |
| 62 | M.G Royal Traders (Pvt.) Limited | Lahore |
| 63 | M/s Neamat Ullaha & Amjad Javed and Company (Private) Limited | Multan |
| 64 | Memon Corporation (Pvt.) Limited | Karachi |
| 65 | Memon Merchandise Limited | Karachi |
| 66 | MGI Impex (Pvt.) Limited | Lahore |
| 67 | Montviro (Private) Limited | Islamabad |
| 68 | Mshopping World (SMC-Private) Limited | Lahore |
| 69 | MU Motors (Private) Limited | Faisalabad |
| 70 | Network Trading Global (Private) Limited | Islamabad |
| 71 | New Lassani Chicks and Chicken (Pvt.) Limited | Islamabad |
| 72 | Online Mass Solutions (Private) Limited | Lahore |
| 73 | Oria Solutions (Private) Limited | Islamabad |
| 74 | Orionmaal (Private) Limited | Lahore |
| 75 | OSM Best Work (Private) Limited | Karachi |
| 76 | Pak Memon Impex (Private) Limited | Islamabad |
| 77 | Al-Hassan Javed Real Estate & Developers (SMC-Private) Limited (Alias: Pak Asset Capital Management) | Lahore |
| 78 | Pakistan Edification Services (SMC-Pvt.) Limited | Islamabad |
| 79 | Paradise Alliance (Pvt.) Limited | Karachi |
| 80 | Paradise Merchant Services (Pvt.) Ltd. | Karachi |
| 81 | Perfect Leading Solutions (Pvt.) Limited | Karachi |
| 82 | Royal Group of Companies:– Best Royal Car Zone (Private) Limited;– Best Royal Petroleum (Pvt.) Limited | Karachi |
| 83 | S.S. Global Marketing (Private) Limited | Lahore |
| 84 | Sambrosons Enterprises (SMC-Private) Limited | Peshawar |
| 85 | Shaukat Marwat Group of CompaniesShaukat Marwat Group of Companies (Private) Limited;Shaukat Marwat Estates and Builders (Private) Limited;Shaukat Marwat Transports (Private) Limited;Shaukat Marwat Imports/Exports (Private) Limited;Shaukat Marwat Restaurants (Private) Limited; andShaukat Marwat Hotels (Private) Limited | Islamabad |
| 86 | Skywings Soft Tech (Private) Limited | Islamabad |
| 87 | -Sunshine Livestock Traders (Private) Limited-Explora Livestock Traders (Private) Limited[i. Frick Livestock Traders (Private) Limited; and ii. Rebus Livestock Traders (Private) Limited are related to above two companies] | Lahore |
| 88 | Tianshi International Pakistan Co. (Pvt.) Limited | Islamabad |
| 89 | Topnotch World Technology (SMC-Private) Limited | Faisalabad |
| 90 | Treasure General Trading (Private) Limited | Sukkur |
| 91 | Viewadvertise Marketing (SMC-Private) Limited | Sukkur |
| 92 | VTS (Private) Limited | Islamabad |
| 93 | Wisdom Mining (Pvt.) Limited | Karachi |
| Updated on 22 July 2022 | |||
| S.No. | Name of the Company | City of Registration | |
| 94 | B2B Levels (SMC-Private) Limited | Lahore | |
| 95 | Best Step International (Private) Limited | Lahore | |
| 96 | BGOL(Private) Limited | Karachi | |
| 97 | BMF General Trading (SMC-Private) Limited | Lahore | |
| 98 | Bright Dream World (Private) Limited | Islamabad | |
| 99 | Digitizer (SMC-Private) Limited | Islamabad | |
| 100 | Fincon International (Private) Limited | Karachi | |
| 101 | For U Real Traders (Private) Limited | Islamabad | |
| 102 | Grow Online Work (SMC-Private) Limited | Karachi | |
| 103 | Pakiseed Techno (Private) Limited | Islamabad | |
| 104 | Pakistan Poultry Feeds (Pvt.) Limited | Islamabad | |
| 105 | Rahat & Son’s (SMC-Private) Limited | Karachi | |
| 106 | Rehaaish Marketing (Private) Limited | Lahore | |
| 107 | SFS International (Private) Limited | Islamabad | |
| 108 | Sunrise Automation (Private) Limited | Islamabad | |
| 109 | Superbro Technology (Private) Limited | Lahore | |
| 110 | The Heaven International Services (Private) Limited | Islamabad | |
| 111 | Wisdom Forward Technology (Private) Limited | Islamabad | |
| Updated on 07 September 2022 | |||
| 112 | AGC Solutions (Private) Limited | Karachi | |
| 113 | AR Group of Companies (Private) Limited | Islamabad | |
| 114 | Asaan Tijarat Trading (SMC-Private) Limited | Karachi | |
| 115 | Blue Ocean IT Solutions (SMC-Private) Limited | Islamabad | |
| 116 | Fandao Technology (Private) Limited | Islamabad | |
| 117 | Handsome Software Engineering (Private) Limited | Karachi | |
| 118 | Le Ciel Marketing (SMC-Private) Limited | Lahore | |
| 119 | New Era IT & Marketing (SMC-Private) Limited | Islamabad | |
| 120 | OSIS Services (Private) Limited | Lahore | |
| 121 | Qureshi Farms (Private) Limited | Islamabad | |
| 122 | Rakson Developers (SMC-Private) Limited | Islamabad | |
| 123 | RJ Services (SMC-Private) Limited | Islamabad | |
| 124 | SGCGROW (SMC-Private) Limited | Karachi | |
| 125 | Sichuan Trading (SMC-Private) Limited | Islamabad | |
| 126 | Simply Digital (SMC-Private) Limited | Lahore | |
| 127 | SNY Oil Traders (Private) Limited | Islamabad | |
| Updated on 27 October 2022 | |||
| 128 | 21st Traders (SMC-Private) Limited | Peshawar | |
| 129 | Agri Power (Private) Limited | Karachi | |
| 130 | Allied Automobile (SMC-Private) Limited | Lahore | |
| 131 | Bego Academy (Private) Limited | Lahore | |
| 132 | BSV Commodities (Private) Limited | Karachi | |
| 133 | Fiery IT Hub (Private) Limited | Islamabad | |
| 134 | I.T.G Traders (Private) Limited | Lahore | |
| 135 | Leather Sports Ball Trading (SMC-Private) Limited | Islamabad | |
| 136 | Onenet Traders (SMC-Private) Limited | Faisalabad | |
| 137 | Profitech Services Limited | Lahore | |
| 138 | Quick Soft Technology (Private) Limited | Islamabad | |
| 139 | Rock Power BFC (SMC-Private) Limited | Faisalabad | |
| 140 | Titlis Tech Network (Private) Limited | Islamabad | |
| 141 | Tycoon Traders (Private) Limited | Peshawar | |
| 142 | Umar Web House (SMC-Private) Limited | Lahore | |
| 143 | WG Compact Services (SMC-Private) Limited | Islamabad | |
| Updated on 25 May 2023 | |||
| 144 | ANT AI Technology (SMC-Private) Limited | Lahore | |
| 145 | Future Vision Advertising (Private) Limited | Lahore | |
| 146 | Issmmart Group: i. Ismmart Group of Industries (Private) Limitedii. Ismmart Aisha Foods Industries (Private) Limitediii. Ismmart Cosmetic Industries (Private) Limited iv. Ismmart Energies (Private) Limitedv. Ismmart Estates and Builders (Private) Limitedvi. Ismmart Garments Industries (Private) Limitedvii. Ismmart Hospitality Industries (Private) Limitedviii. Ismmart IT and Electronic Industries (Private) Limitedix. Ismmart Motor Industries (Private) Limitedx. Ismmart Sports Industries (Private) Limitedxi. Ismmart Wajdan Pharmaceutical Industries (Private) Limitedxii. Ismmart.Com Ecommerce (Private) Limited | Lahore | |
| Updated on 9 June 2023 | |||
| 147 | Gateway Gaming (Private) Limited | Lahore | |
| 148 | Fast Mobile (Private) Limited | Lahore | |
| 149 | Easy Digital Technology (SMC-Private) Limited | Islamabad | |
| 150 | Losung Technologies (Private) Limited | Islamabad | |
| 151 | Tern Technologies (Private) Limited | Islamabad | |
| 152 | Infinity Max Technology (Private) Limited | Islamabad | |
| 153 | Infinity Expert Technology (Private) Limited | Islamabad | |
| 154 | Connect Digital Technology (Private) Limited | Islamabad | |
| 155 | Enables Online (Private) Limited | Islamabad | |
| 156 | Stream Online Solution (Private) Limited | Islamabad | |
| 157 | Wanli Technology (Private) Limited | Islamabad | |
| 158 | Beijixing Technology (Private) Limited | Islamabad | |
| 159 | Tuchfuture (SMC-Private) Limited | Karachi | |
| 160 | Hui Da Services (Private) Limited | Islamabad | |
| 161 | Meilleuretech Services (SMC-Private) Limited | Lahore | |
| 162 | Runtoo Technology (SMC-Private) Limited | Islamabad | |
| 163 | Golden Mountain Services (Private) Limited | Islamabad | |
| 164 | Octa Grow Pit (SMC-Private) Limited | Islamabad | |
| 165 | Sunshine World (Private) Limited | Multan | |
| 166 | Mentormate It And Marketing (SMC-Private) Limited | Islamabad | |
| 167 | Citii Shoes (Private) Limited | Karachi | |
| 168 | Fine Future International (Private) Limited | Karachi | |
| 169 | Actual Trading (SMC- Private) Limited | Lahore | |
| Updated on 9 August 2023 | |||
| 170 | Anees Ahmed Enterprises (SMC-Private) Limited[operating with the name of AA Enterprises and Investments/AA Enterprises] | Karachi | |
| Updated on 13 February 2024 | |||
| 171 | Edge Synergy (Private) Limited | Islamabad | |
| 172 | Glade Vista Builders (Private) Limited | Islamabad | |
| 173 | Alza Builders & Developers (Private) Limited | Islamabad | |
| Updated on 25 April 2024 | |||
| 174 | Etihad Auto Solutions (Private) Limited | Islamabad | |
Apart from above list of companies, SECP frequently receives complaints and queries against the following few companies regarding their unauthorized activities.
| 1 | Ashfaq Group of Companies1. AGC Real Estate (SMC-Pvt) Limited2. AGC Online Mall (SMC-Pvt) Limited3. Ashfaq International Trade (Pvt) Limited | Islamabad |
| 2 | Be More Visible (Private) Limited; | Lahore |
| 3 | Canwe Global Tech (Private) Limited | Karachi |
| 4 | Epro24 Solutions (Private) Limited | Karachi |
| 5 | Fine Technology Online (Private) Limited | Karachi |
| 6 | First Vehicle (Pvt.) Limited | Karachi |
| 7 | Global Testing Services (Private) Limited | Islamabad |
| 8 | Greatways Natural (Private) Limited | Lahore |
| 9 | Hope Alliance Trading (SMC-Pvt.) Limited | Karachi |
| 10 | HR Butt & Sons (Private) Limited | Karachi |
| 11 | Jadeitebn advertisement Pvt. Limited; | Faisalabad |
| 12 | Leo Brothers501 (Private) Limited | Karachi |
| 13 | M. N. M. Motorcycle (Pvt.) Limited | Faisalabad |
| 14 | Memon International Management (Pvt.) Limited | Karachi |
| 15 | MM Qureshi International (Pvt.) Limited | Peshawar |
| 16 | My Shopping Mart (Private) Limited | Multan |
| 17 | Radium360 (Private) Limited | Lahore |
| 18 | RG Group of Companies; ABZ Merchandises LimitedRG Construction and Development LimitedRG Explorers (Private) Limited; andRG Educare (Private) Limited | Peshawar |
| 19 | Speed Bikes (Private) Limited | Multan |
| 20 | WA Fatima Enterprises (SMC-Private) Limited | Karachi |
| 21 | Walton Traders (Private) Limited | Faisalabad |
| 22 | ZG Infomedia (Private) Limited | Islamabad |
| Updated on December 17, 2024 | ||
| 23 | RAMPERS Group, an incorporated entity, is misusing names of following registered companies for their illegal deposit taking/investment scheme;1) Relish Products (Private) Limited2) Alag Garments (Private) Limited3) Moldavite Cosmetics (Private) Limited4) Pani lelo (private) Limited5) Elite Dealer (Private) Limited6) Sipz Tea (Private) Limited | Karachi |
