Web Desk:The State Bank of Pakistan (SBP) has issued a strict warning to all commercial and microfinance banks saying, they will be held responsible for any customer losses caused by digital banking frauds if they fail to take timely preventive measures. The SBP said in its statement:“Banks are required to compensate customers in case of delays in taking necessary control …

Web Desk:Jeddah is all set to host the 31st edition of the FIBA Asia Cup 2025, one of the most prestigious basketball events in the region. The International Basketball Federation (FIBA) has officially announced that Saudi Arabia’s vibrant ‘Red Sea city’ will welcome the tournament at King Abdullah Sports City Hall. The 13-day championship, scheduled from August 5 to August …

Date: July 11, 2025 | NewsMakers Web Desk Sony officially announced a temporary suspension of sales and shipments of the Xperia 1 VII in Japan. The move follows multiple customer complaints reporting serious device malfunctions, including unexpected shutdowns, random restarts, and failing to power on. Sony is actively investigating the issues, as per notices posted on its official support pages …

Pakistan’s automotive industry made a strong comeback in FY25, enjoying double- and even triple-digit growth across most vehicle categories. This highlights a renewed wave of consumer confidence and a broader economic recovery, fueled by stable macroeconomic conditions, deflating inflation, and a stronger rupee. Overall Car Sales Increased The Pakistan Automotive Manufacturers Association (PAMA) reported that passenger car sales increased 38%, …

Date: July 11, 2025 | NewsMakers Web Desk In a shocking and tragic incident, 25-year-old Indian tennis player Radhika Yadav was shot dead by her own father at their home in Gurugram near Delhi. Indian media says that the athlete had represented India in several national and international tournaments. Reportedly, she was gunned down over what appears to be a …

Web Desk: Following the announcement of his new political party, Elon Musk is now facing not only political backlash but also a massive financial loss, with his company Tesla’s market value plunging by nearly \$76 billion. According to The Guardian, Tesla shares dropped by 7.5% when the stock market opened on Monday — a reaction that came immediately after Musk …

Web Desk: The fiscal year 2025-26 is expected to be challenging for ‘e-commerce platforms in Pakistan’ as the government has introduced a new tax regime. Online sellers, courier companies and international companies have shown serious concerns about their future operations in the country. New Tax Regime for E-Commerce Businesses in Pakistan 18% General Sales Tax (GST) will now apply to …

Date: July 4, 2025 | By: NewsMakers Web Desk In a move that has sent shockwaves through Pakistan’s tech and business communities, global tech giant Microsoft has officially ceased operations in Pakistan, ending its 25-year presence in the country. The development comes amid a fresh round of global layoffs by the company, but insiders say the closure of Microsoft Pakistan …

Date: July 1, 2025 | NewsMakers Web Desk The first sunrise of July 2025 has brought yet another wave of inflation for Pakistani motorcycle buyers. Honda Atlas Limited — one of Pakistan’s largest motorcycle manufacturers — has officially increased prices all Honda Motorcycles’ range, with hikes ranging from Rs2,000 to Rs6,000 per unit. The reason? New taxes introduced in the …

Date: June 28, 2025 | NewsMakers Web Desk Pakistan’s edible oil industry is on the verge of a major crisis due to a severe shortage of US dollars in commercial banks, which is causing significant delays in the clearance of import documents for vital oil shipments. The warning comes from Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association …