PAKISTAN’S annual inflation rate rose to 3.88 percent in September from 3.56 percent in August, mainly due to an increase in food prices, the country’s Bureau of Statistics said on October 3.
On a month-on-month basis, prices increased by 0.20 percent in September, the bureau said.
The steepest rise in prices was in staple items garlic and pulses.
AI tools are helping fraudsters create increasingly convincing investment scams
Investment scams involving cryptocurrencies, gold, property and even fine wine are becoming increasingly sophisticated, with victims across the UK losing more than £221m in 2025 as fraudsters embrace artificial intelligence to make their schemes appear legitimate.
The latest investment scam figures from UK Finance highlight a growing challenge for banks, regulators and consumers. According to the industry body, losses from investment fraud reached £221.5m last year, a 40 per cent increase compared with the previous year. Nearly 15,000 cases were reported by UK banks as criminals used AI-powered tools to lure victims into fake investments and fictitious funds.
The sharp rise comes amid broader concerns about the role artificial intelligence is playing in financial crime. Fraudsters are no longer relying on crude emails or suspicious websites. Instead, they are increasingly using AI to build convincing online businesses, create realistic marketing materials and contact large numbers of potential victims with personalised messages.
Investment scams have become particularly attractive to organised criminals because they often generate large payouts from a single victim.
Typically, fraudsters promise lucrative returns from assets that appear credible or fashionable. These can include cryptocurrencies, gold, property developments, carbon credits and rare wines. Victims are persuaded to transfer money into what they believe are genuine investment opportunities, only to discover the schemes never existed.
Ruth Ray, managing director for economic crime at UK Finance, reportedly said AI is helping criminals make their operations appear far more professional than in the past.
As quoted in a news report, Ray said artificial intelligence allows fraudsters to quickly create convincing websites, produce sophisticated communications and contact potential victims on a much larger scale. She also warned that AI can be used to imitate the voices of celebrities, family members or trusted contacts, making scams harder to detect.
Concerns over AI-generated deception have been growing in recent months. The Bank of England recently warned the public about deepfake content after manipulated videos appearing to show Reform UK leader Nigel Farage confronting Bank Governor Andrew Bailey circulated online.
UK Finance reported that total fraud losses reached £1.28bn in 2025, up 4 per cent from the previous year. More than four million fraud cases were recorded, suggesting that criminals are stealing around £2,500 every minute from victims across the country.
Authorised Push Payment fraud, commonly known as APP fraud, also continued to rise. These scams occur when victims are tricked into voluntarily transferring money to accounts controlled by criminals. Cases increased by almost a fifth during the year.
Purchase scams, where consumers pay for goods or services that never arrive, also became more common. Romance scams, in which victims are manipulated into sending money to someone they believe they are in a relationship with, recorded further growth as well.
While the mandatory reimbursement scheme for APP fraud reportedly returned 88 per cent of losses to eligible victims, industry leaders argue that more action is needed before scams reach consumers in the first place.
UK Finance renewed calls for tougher responsibilities on technology platforms, where many scams are believed to originate.
Ray reportedly argued that social media companies and online platforms have the tools to identify suspicious activity but are not investing enough resources in fraud prevention. She called for stronger rules requiring platforms to verify online sellers and play a greater role in tackling criminal activity.
As quoted in a news report, Ray said that because most APP fraud begins through technology platforms or telecommunications channels, stronger and enforceable obligations are needed to reduce harm and disrupt criminal networks.
The debate is likely to intensify as AI tools become more powerful and accessible. For consumers, the message from banks and fraud experts remains straightforward: if an investment opportunity appears unusually attractive, it may be worth taking a second look before parting with any money.
