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SBP moves into action against skimming incidents, assures customers of compensation

KARACHI: Taking notice of the skimming incidents in Karachi, the State Bank of Pakistan (SBP) on Tuesday assured customers that relevant bank of the ATM where their data was compromised would fully compensate them. During the preceding week, the central bank noted with concern that customers’ information on debit cards of Habib Bank Limited was compromised by hackers through skimming to create its clones and were used to withdraw depositor’s money from various locations within and outside the country, said a release…

Volkswagen to recall 80,000 Audis

BEIJING: German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.