- Companies are stepping up betting activities in sports mainly cricket.
- Civil-military authorities working to eliminate companies: minister.
- Most of the surrogate companies operating from India, the source says.
Islamabad: A crackdown has been launched on more than 150 proxy betting companies operating in Pakistan and causing billions of dollars in losses to the country’s economy by transferring large sums of money to “enemy” countries. The news has learned.
These companies enhance gaming and betting activities on sports mainly cricket and conduct their business through websites and mobile applications accessible in Pakistan.
Minister of Information and Broadcasting Murtaza Solangi disclosed to The news All institutions are working together with the military establishment to eliminate these betting companies.
These companies are normalizing gambling and betting practices in the country and throwing the country’s economy into further turmoil by transferring huge amounts of tax-free money abroad (in dollars) to “enemy” countries, the Information and Broadcasting Ministry said in a statement.
All government institutions are collusive in taking down more than 150 betting and gaming companies operating in Pakistan in the past three years, Solangi said, adding: “It has cost the Pakistani economy billions of dollars.”
When asked about whether the tax-free money mainly landed in India, Murtaza replied that he had heard that too, neither confirming nor denying the statement. However, reliable sources reported The news that most of the money went to India.
Pakistan Cricket Board, Pakistan Super League, its franchises, club cricket, private leagues, television channels, radio stations, online platforms, newspapers, magazines and other media/advertising platforms are strictly advised not to enter into agreements and business relations with such surrogate companies or by promoting them through any kind of advertisement, said a statement issued on September 25 by the information ministry on “Zero tolerance for surrogate companies”.
In addition, it was also advised to immediately terminate all existing agreements with such companies.
According to the official notice, foreign betting and gaming companies, along with others, are trying to introduce corruption into Pakistan’s sports teams and further damage the economy by moving tax-free money out of the country in dollars.
A well-informed government source said The news on condition of anonymity that most of these companies were operating from India.
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