‘She threw us into hell’: Pakistani victims of $1.9 million Ponzi scheme narrate their ordeal

In the file picture taken on May 13, 2019, a currency exchange vendor adjusts Pakistani currency notes as he waits for customers on a street in Karachi. (Photo courtesy: AFP/File)
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Updated 10 December 2022
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‘She threw us into hell’: Pakistani victims of $1.9 million Ponzi scheme narrate their ordeal

  • Victims, mostly women, say they deposited money as part of over 100 ballot committees run by Sidra Humaid
  • Humaid, the treasurer, has requested Karachi court to provide her security after declaring herself bankrupt

KARACHI: Anila Khan, a 33-year working woman living in the southern Pakistani city of Karachi, is scheduled to undergo surgery in March but her plans to go under the knife were shattered, when she came to know that she has been a victim of a multimillion ballot committee (BC) scam and has lost her deposit of Rs150,000 ($672), instead of receiving Rs600,000 ($2,688) for her surgery. 

Khan is one of hundreds of victims of the Ponzi scheme, which has so far not been officially reported to the authorities. 

The BC is an ages-old traditional method of saving outside of banking systems in which individuals pool money, often without any written record. Under the mechanism based on mutual trust, an individual receives the amount on their turn every month and it goes on until all the people involved are paid off their due sums. 

Khan, who had been a regular depositor since September, didn’t know that her plans would fall apart until she came across a “public apology” on the Facebook account of Sidra Humaid, the woman behind the now-famous Ponzi scheme, which has swindled hundreds of people, mostly women, of approximately Rs430 million ($1.93 million) as per the victims’ estimations. 

“She deceived me. She threw us into hell,” Khan told Arab News this week. “I am distraught and feel like being backstabbed.” 

She said she was not even sure of getting back the amount she had deposited in the last three months, let alone a sum of Rs600,000 she was supposed to get on her turn. 

In the Facebook post on November 27, Humaid informed her depositors she had “messed up” her committees and was now “practically bankrupt” with no means to pay the amount owed to them. 

“To solve the monthly payments issue I had to start more committees and that eventually resulted in a rolling loop that had no end,” she wrote. 

“Now I have to pay so much money that I cannot even calculate.” 

Her post dropped like a bombshell on members of over 120 committees she was running, with each member pitching in from Rs5,000 to Rs400,000. 

Humaid said if she was supported in her handcraft and home-cooked food businesses, she would be able to earn and pay off the amount. 

“If my Croise and Daily Bites are allowed to continue and my customers, friends and loved ones still support my businesses, then I would be able to earn and pay off my loans,” she stated in the post. 

But the treasurer did not have a plan or offer a timeframe to pay back people she had taken the huge sums of money from. 

Humaid also said she or her family had no properties, and they wouldn’t run away, but the victims said they came to know of her travel history, including a few trips abroad, and later found out she had vacated her home in Karachi as well. 

Humaid first began inviting people to join her BCs via Facebook some four years ago, according to victims. Members would deposit their amount into her bank account every month and each one of them would monthly receive a consolidated sum of BCs from the rest in their respective accounts on their turn. 

Humaid would also create a WhatsApp account of members for coordination after the launch of a BC. All this continued without any complaints from members until August this year, when Humaid started failing to keep her commitments. 

On December 6, she again took to Facebook and informed depositors she had requested a Karachi court to provide her security against what she called “continuous threatening calls, continuous visit of gunda (goon) sort of people” at her place. 

Humaid’s counsel, Kamran Alam, told the court that his client was being accused of doing an online financial fraud even though she neither sold any product nor used any advertisement on online platforms. 

To pursue their case, the victims said they created a WhatsApp group where people shared their distressing stories. 

The WhatsApp group has now turned into a “mourning meetup” group, with voice notes of women crying and desperately asking for help. 

“Sidra deceived us only after building trust for many years,” said Saima Gul, another victim of the Ponzi scheme. 

“I had several successful BCs over the last three years, which prompted me to start a committee of Rs30,000 ($133) for myself and another wherein my brother would deposit Rs300,000 ($1,335).” 

Gul said she was saving up money to perform Umrah, while her brother joined the BC to pay off the loan he had obtained for the construction of his home. 

“Not only do our problems remain unsolved, but we also practically lost Rs1.1 million ($4,896) of our hard-earned money,” she said. 

Another victim, Sonia Rashid, who contributed to a committee her share of Rs15,000 for two months, said when she listens to the stories of other victims, it makes her forget her own ordeal. 

“There is a woman being kicked out by her husband. Another lady said she was contemplating suicide,” Rashid told Arab News. 

“A working lady started BC of Rs50,000 ($222) per month for her marriage next November, she cries at night after disclosing it to her brother. You can’t imagine our pain. This lady has robbed us of our dreams.” 

Arab News tried reaching Humaid on her mobile phone, but it remained switched off on Thursday and Friday. 

Victims say Humaid occasionally comes online on WhatsApp groups to assure them of returning their money. Many of them are not even sure if they will get back their money in the absence of a written agreement. 

But Omar Memon, a noted lawyer in Karachi, said a formal agreement was not necessary for every financial matter. 

“As per the law, there can be a verbal agreement. All one needs is circumstantial evidence of the financial relationship,” he told Arab News. 

Memon suggested that the victims should immediately approach the Federal Investigation Agency (FIA), whose cybercrime and financial crimes wings deal with such issues. 

“The victims should also approach the State Bank of Pakistan (SBP), which may check the bank accounts [of Humaid] and freeze them,” he said. 

“The central bank will see if she has laundered any amount abroad and will also check the possibility of funding any proscribed organization.” 

When contacted, Shehzad Haider, a deputy director at the FIA cybercrime wing, said the agency had not received any complaint regarding the matter. 

Abid Qamar, an SBP spokesman, said such saving schemes prevail outside of the banking systems only due to a lack of knowledge on people’s part. 

“People should utilize the presence of the banking sector which offers various instruments for saving purposes,” he said. 

Editor’s note: The names of the victims have been changed on their request.


Pakistan, China agree to boost air force ties with joint drills, tactical training

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Pakistan, China agree to boost air force ties with joint drills, tactical training

  • The two countries reaffirm commitment to revitalizing military ties during Pakistan air chief’s Beijing visit
  • The air chief invites Chinese firms to collaborate on drones, electronic warfare and space programs

ISLAMABAD: Pakistan and China have agreed to enhance cooperation between their air forces, focusing on joint exercises and advanced tactical training, during a visit by the Pakistani air chief to Beijing, according to an official statement released on Friday.
The two countries maintain close defense, diplomatic and economic relations. Their strategic partnership is exemplified by their collaboration on the JF-17 Thunder fighter jets, co-developed by Pakistan Aeronautical Complex and China’s Chengdu Aircraft Corporation. The aircraft has been inducted into Pakistan’s fleet and exported to countries including Myanmar, Nigeria, and Azerbaijan.
The Pakistan military’s media wing, Inter-Services Public Relations (ISPR), said in a statement that Air Chief Marshal Zaheer Ahmed Baber Sidhu held a meeting with China’s Defense Minister Admiral Dong Jun wherein both officials reaffirmed the joint commitment of the two countries to revitalize the existing bilateral military ties strategic cooperation.
“Both sides agreed on enhancing Air Force-to-Air Force cooperation, particularly through complex and aggressive tactical-level scenarios during aerial exercises,” the ISPR said. “The cooperation is aimed at addressing challenges in multiple domains during joint exercises, equipping air and ground crew of both Air Forces with the skills necessary to counter modern Air and Space Warfare challenges effectively.”
During his visit, the Pakistani air chief also met with China’s Air Force Commander General Chang Dingqiu and Major General Cao Xiaojian, Director General of the Bureau of Military Equipment and Technical Cooperation.
Sidhu’s conversation with the Chinese officials focused on technology transfer and collaborative development of advanced military hardware.
He also invited Chinese defense companies to participate in its National Aerospace Science & Technology Park, offering incentives for developing projects in unmanned aerial systems, electronic warfare and space programs.
The air chief’s visit underscored the strategic partnership between Pakistan and China, which extends beyond defense to include economic initiatives like the China-Pakistan Economic Corridor.


Etihad Airways announces new Peshawar route, expanding Pakistan network

Updated 43 min 48 sec ago
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Etihad Airways announces new Peshawar route, expanding Pakistan network

  • Five weekly flights to Peshawar will launch in September, increasing to daily service from November
  • Peshawar will become Etihad’s fourth gateway to Pakistan and its sixteenth new destination in 2025

ISLAMABAD: Etihad Airways said this week it would launch a new route to Pakistan’s northwestern Peshawar city in September as part of a broader expansion of its global network.
The route will link Abu Dhabi’s Zayed International Airport with Bacha Khan International Airport in Peshawar starting September 29.
Etihad, the national carrier of the United Arab Emirates, already operates flights to Karachi, Lahore and Islamabad, making Peshawar its fourth nonstop destination in Pakistan.
“We are thrilled to further expand our presence in Pakistan with the launch of our daily service between Abu Dhabi and Peshawar,” Antonoaldo Neves, the airline’s chief executive officer, said.
“This new route reflects our commitment to providing vital connectivity for travelers between Pakistan and the Gulf, Africa, Europe and North America,” he added.
Etihad will initially operate the route five times a week using Airbus A320 family aircraft, with daily service beginning November 22. The aircraft will feature eight Business Class and 150 Economy Class seats.
The announcement comes amid a busy year for the airline, which has added 16 new destinations in 2025, including Prague, Warsaw, Algiers, Tunis, Atlanta and Addis Ababa.
Etihad is also boosting frequency to Karachi to 17 flights a week starting October 1 and expanding service to major European cities such as Paris, Milan and Frankfurt.
Passengers traveling through Abu Dhabi will also have access to the airline’s Stopover program, offering up to two complimentary nights at premium hotels in the UAE capital.


Pakistan eyes fan exports to Gulf, Africa in push to boost economy

Updated 11 April 2025
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Pakistan eyes fan exports to Gulf, Africa in push to boost economy

  • Muhammad Aurangzeb calls for enhanced productivity to compete in global markets
  • Pakistan’s exports rose 8 percent to $24.7 billion in the current fiscal year through March

KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb on Friday hinted at the export of locally produced electric fans with new and improved technology to Gulf and African countries, saying it could potentially boost the country’s export economy.
Pakistan’s fan industry is primarily concentrated in the Punjab cities of Gujranwala and Gujrat, both of which play a key role in domestic production through numerous small and medium enterprises. The country’s leading brands in the sector are all based in these two urban centers, supplying products nationwide.
The finance minister’s statement comes as Pakistan looks to diversify its export base and reduce reliance on traditional sectors like textiles. With energy-efficient appliances such as fans in growing demand globally, particularly in warmer regions like the Gulf and Africa, the government is exploring ways to modernize local manufacturing and align with international standards to reinvigorate industrial output and foreign exchange earnings.
“We are looking forward for these products to not only be used in Pakistan but also have a very good market share in the exports market going forward,” Aurangzeb said while speaking on the sidelines of the “Made in Gujranwala Exhibition” at a local hotel in Islamabad.
“Our efforts now should be to take it to the exports level if we have this much productivity and it is internationally competitiveness as well,” he continued, adding it was important to figure out “how we have to take this initiative ahead to move old fans and the new technology forward.”
According to the Pakistan Bureau of Statistics, Pakistan’s exports rose by 11 percent to $30.7 billion in the last fiscal year ending June 2024. As of March this year, the country has exported $24.7 billion worth of goods, marking an eight percent increase compared to the same period a year earlier.
Aurangzeb said African and Gulf markets were ideal for the export of Pakistani products.
“We have to move toward an export-led growth,” he noted, assuring businesses of the full support of the finance ministry. “Every single sector in this country has to export.”
The government is working to revive Pakistan’s economy with the help of the International Monetary Fund (IMF). The IMF’s executive board is expected to approve a $1 billion tranche for Pakistan under its new loan program in the coming weeks.


Pakistan, Belarus sign MoUs for cooperation in defense, commerce, environment sectors

Updated 11 April 2025
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Pakistan, Belarus sign MoUs for cooperation in defense, commerce, environment sectors

  • PM Sharif is on official visit to Republic of Belarus, holds talks with President Aleksandr Lukashenko
  • Corresponding with Sharif’s arrival, second Pakistan-Belarus Business Forum held on Thursday in Minsk

ISLAMABAD: Pakistan and Belarus on Friday signed a series of agreements and memorandums of understanding (MoUs) aimed at enhancing cooperation across sectors such as defense, commerce and environmental protection, state-run APP news agency said.
Pakistani Prime Minister Shehbaz Sharif is on an official visit to the Republic of Belarus during which he held talks with President Aleksandr Lukashenko on Friday to review progress on bilateral cooperation. Delegation-level talks were also held between the two sides encompassing discussions on bilateral cooperation as well as regional and international issues. 
Over the past six months, a series of high-level bilateral engagements, including the 8th Session of the Joint Ministerial Commission (JMC) in February 2025 and a subsequent visit by a high-powered mixed ministerial delegation to Belarus in April 2025, have laid the groundwork for Sharif’s visit. 
“The governments of Pakistan and Belarus signed a Readmission Agreement as well as an Agreement on Cooperation between the interior ministries of two countries,” APP said, saying another agreement was signed on cooperation between the defense ministries of the two countries.
“The two sides signed a Program (Roadmap) of the Military-Technical Cooperation between the State Authority for Military Industry of the Republic of Belarus and the Ministry of Defense Production for 2025-2027,” APP added. 
“Bilateral accords were also signed for cooperation on environmental protection, postal services, business support, trade development and cooperation between trade bodies.”
Pakistan has moved in recent months to increase trade and economic cooperation with landlocked Central Asian republics and other states, hoping to leverage its strategic position as a key trade and transit hub to connect these nations to the global market, while earning much-needed foreign exchange.
Speaking at a ceremony during his visit, Sharif said Belarus was very strong in manufacturing of equipment used in mining, emphasising a closer collaboration between the two countries.
“I think there is no reason why we shouldn’t benefit from your experience because Pakistan, by the grace of God, has mineral deposits to the tune of trillions of dollars,” he said.
The prime minister maintained an air link between the two state could prove pivotal in further strengthening their partnership. He also thanked President Aleksandr Lukashenko for allowing nearly 150,000 young, highly skilled Pakistan laborers to contribute in nation building efforts in Belarus.
Sharif also spoke of strengthening Pakistan’s agriculture sector with mutual cooperation, saying 65 percent of the country’s population lived in rural areas.
“We need your expertise,” he said. “We need to have joint ventures between Belarus and Pakistani companies to manufacture agricultural equipment in Pakistan so we can offer to the farmers at very economical rates, both companies from Belarus and Pakistan, they will have win-win situation.”

Pakistan-Belarus Business Forum

Corresponding with Sharif’s arrival, the second Pakistan-Belarus Business Forum was held on Thursday in Minsk, marking a “significant step toward strengthening bilateral trade and economic cooperation between the two countries,” state-owned Pakistan Television reported. 
Senior government officials, business leaders and other key stakeholders from both nations attended. 
In recent years, the volume of trade between Belarus and Pakistan has ranged between $50 to 65 million annually, according to foreign office data. 
“Our presence here is part of a journey that reflects the evolving and deepening partnership between our two countries,” Pakistani Commerce Minister Jam Kamal Khan said as he addressed the forum. 
He said the eighth session of the Pakistan-Belarus Joint Ministerial Commission (JMC), held earlier this year in Minsk, had opened “new avenues of cooperation” in sectors such as trade, agriculture, education, technology, and pharmaceuticals, emphasizing that both governments were committed to removing trade barriers and promoting involvement of the private sector.
Discussing potential trade opportunities, Khan identified key areas for joint ventures including textile machinery, agro-processing, pharmaceuticals, renewable energy, information technology, and e-commerce.
He also announced recent cooperation agreement between the Trade Development Authority of Pakistan (TDAP) and the Belarusian Chamber of Commerce and Industry (BelCCI), describing it as an active platform for trade promotion and partnership development.
Khan invited Belarusian investors to explore opportunities in Pakistan’s Special Economic Zones, saying they offered attractive incentives and access to markets of over three billion people. He also noted the recent reduction in Pakistan’s energy tariffs as an additional facilitative measure for investment.
“Today’s forum is not just a ceremonial gathering but a practical advancement. We are witnessing the signing of a cooperation agreement between TDAP and BelCCI that will provide an institutional foundation. This includes participation in trade exhibitions, B2B events, exchange of market intelligence, and facilitation of sector-specific delegations,” Chief Executive of the Trade Development Authority, Faiz Ahmed, said in his address at the business forum. 
“This formal collaboration will ensure that the momentum created today translates into tangible outcomes in the coming months.”


Month after Pakistan train hijacking, survivor recalls horror of militant siege

Updated 11 April 2025
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Month after Pakistan train hijacking, survivor recalls horror of militant siege

  • Separatists’ hijacking of train in Pakistan’s southwestern mountains last month killed 31 soldiers, staff and civilians
  • Over 300 hostages rescued after over day-long clearance operation in remote mountain pass in Balochistan province

QUETTA: On Mar. 11, as the dawn light began to cast a soft golden glow over the sky, railways employee Assad Ali finished his suhoor morning meal and left for work as his family slept at their home in Quetta, the provincial capital of Pakistan’s remote southwestern province of Balochistan. 

An examiner in the Railway Train Lighting (RTL) department for the last 18 years, Ali, 40, arrived at the washing line, an area designated at the Quetta Railway Station for the maintenance and cleaning of passenger trains. He checked and okayed the electricity supply and fan and air conditioners of the Quetta-Peshawar bound Jaffar Express and then returned home to check on his ailing parents before leaving once more for the station to board a train as it departed at 9am.

It was meant to be just another day in Ali’s life, who regularly undertook the 1,600km journey on the Jaffar Express from Quetta to Peshawar in the northwestern Khyber Pakhtunkhwa province. But fate had other plans. Four hours into the trip, separatist militants took over the train as it crossed a remote mountain pass, blowing up the tracks and then holding passengers hostage in an over day-long standoff. There were 425 people on board, including personnel from the Pakistani army and other security forces who were traveling on leave.

“First we heard a powerful blast that hit the engine and intense gun firing started at 12:55 in the afternoon,” Ali told Arab News, identifying the location as being five kilometers from the Paneer Railway Station in an area covered with rugged mountains with no road infrastructure or mobile telephone communication. 

“The explosion happened inches away from me,” Ali, who was traveling with other railway employees in the last compartment of the Jaffar Express’s 10 carriages, recalled. “I saw one of my colleagues bleeding and dying in front of my eyes.”

Ali said around two hours after the siege began, attackers locked him and others inside a train compartment where he spent the next 28 hours “with the fear of certain death every second.”

The third among his five siblings and the father of three children, Ali spent those hours in prayer and remembrance of his family.

“We heard horrific sounds of blasts and firing sporadically during those hours,” he said. “I was reciting prayers and thinking, ‘the bullet will hit me now, the bullet will hit me now’.”

It was the 10th day of the holy month of Ramadan, Ali recalled, and he broke his fast in the train, while locked in the compartment, with some candies that he found in his pocket. The siege continued into the night and the time for the next suhoor meal arrived. He began his fast without eating anything. 

“WE HAD SURVIVED“

The hijacking was immediately claimed by the Baloch Liberation Army (BLA)’s Majeed Brigade, one of the most prominent ethnic Baloch separatist groups fighting for independence for Balochistan, which borders Iran and Afghanistan and has been the site of a low-level insurgency for decades. 

Baloch separatist groups accuse Islamabad of exploiting the province’s natural resources including gas, copper and gold, benefitting the country’s eastern Punjab and southern Sindh provinces.

Pakistani governments have variously denied the allegations, saying they are injecting funds into the infrastructure and economic development of the impoverished province.
Nearly two days after the siege began, the Pakistan Army said the Special Service Group (SSG) Commandos had completed a clearance operation, killing 33 militants. The death toll was 31 soldiers, staff and civilians, the military said.

Ali was among the last group in the train rescued by Pakistani security forces on the evening of Mar. 12 and moved back to Quetta. 

“It was around 4 p.m. the next day when I heard passengers’ voices, I saw through the train window that passengers were running outside,” Ali said. “That moment gave me the sense that we had survived.”

Far away in Quetta, his family had gone through their own hell as they waited for news about the rescue operation and prayed for their son to return home alive. 

“When I saw Assad at the Quetta Railway Station, we didn’t express our feelings with our tongues but with our eyes,” Muhammad Amir Refique, Ali’s cousin, told Arab News. 

“Our minds and hearts were stuck on the assumption that Assad had been killed, but when you see that person alive, you can’t describe those feelings in words.”

One month after the siege, Ali has not been able to board a running train again though he has resumed his duties at the Quetta Railway Station. 

“I am still in that mental trauma and not able to carry out my duties in a running train,” he said. 

“People were martyred right in front of us, before our eyes, so, of course, there is fear in my heart. Now even when someone knocks on the door or someone comes from outside, in the mind it feels like the sound of a bullet.”