The P2P lending helps the borrowers give out short-term loans that enable the SMEs to scale up their business, eventually qualifying them to take bigger bank loans.
During the course of proceeding, the counsel for SECP prayed the court to grant more time for submission of preparation and file comments against the above petition.
The accused was owning Rs. 612,000 in his five bank accounts while his foreign currency accounts had 566 eurou, 698 US dollars and 498 Brithish pounds.