_____ govt declares usury on private loans as crime ?

Sindh government has taken a major step to combat usury by passing a law that prohibits the charging of interest on private loans. The law also imposes a ban on taking interest on cash or assets. Furthermore, it holds the usury company or its agent accountable for facilitating such transactions. According to the new law, taking interest at the individual or company level will be considered a punishable offence. Offenders could face imprisonment ranging from three to 10 years, along with a fine of up to Rs1 million. There will a five-year sentence for harassing the borrower.