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 …

By: NewsMakers Web Desk | Friday, June 27, 2025 Atlas Honda’s decision to launch an electric scooter for the Pakistani market within the current fiscal year marks more than just a product release. The decision, if materialises, will be a a major turning point in Pakistan’s economic and environmental strategy. The announcement comes at a critical juncture. With global fuel …

Date: June 11, 2025 | By: NewsMakers Economic Desk The federal government of Pakistan has presented the Budget 2025-26, introducing a series of tax relief measures aimed at stimulating business activity and providing financial ease to different sectors of economy, especially real estate, salaried individuals, and the corporate sector. The budget also addresses the issue of brain drain by incentivizing …

Web Desk: The President of World Boxing, Boris van der Vorst, has formally apologized to renowned Algerian boxer Imane Khelif. He issued a written apology for mentioning Khelif’s name during the announcement of a new gender testing policy. According to international media reports, Imane Khelif’s name was brought up when World Boxing announced on Friday a new policy mandating gender …

Web Desk: HONOR has launched its new 400 and 400 Pro smartphones, offering flagship-level features at mid-range prices. The highlight is a 200MP Ultra-Clear AI camera, with the Pro model adding a 50MP telephoto lens and up to 50x AI Super Zoom for detailed photography. AI-powered tools like AI Portrait Snap, Image-to-Video, Erase Passers-by, and AI Upscale enhance creativity and …

Date: 31 May 2025 | By: NewsMakers Desk Top business groups have urged the government to deliver a predictable and growth-friendly budget, avoiding surprise taxes while focusing on export-led economic revival and relief for the salaried persons. Key Demands from Business Leaders: Tax relief for salaried individuals, including a cut in the 18% GST, which they say encourages evasion. Gradual …