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US to ‘demand answers’ after Erdogan account of journalist death: Pence

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WASHINGTON: US Vice President Mike Pence vowed Tuesday to press Saudi Arabia for answers over journalist Jamal Khashoggi’s “brutal murder” after Turkish President Recep Tayyip Erdogan said the killing inside the kingdom’s Istanbul…

PM, Saudi King reiterate resolve to enhance bilateral cooperation

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ISLAMABAD: Prime Minister Imran Khan and Saudi King and Custodian of the Two Holy Mosques Salman bin Abdulaziz Tuesday discussed the bilateral issues, regional and international situation. During the meeting, both leaders expressed their…

Remains of slain Saudi journalist Khashoggi found

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The remains of murdered journalist Jamal Khashoggi have been found, according to Sky News on Tuesday. As per the report citing sources, the writer had been “cut up” and his face “disfigured”. Meanwhile, one source also suggested Mr…

RECORDER REPORT: PSX close of day

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KARACHI: BRINDEX-30 closed on the lower side on Tuesday at 20,297.38 points with a negative change of -523.58 and volume of 161,100,900 shares. High and Low were 20,894.06 and 20,294.74 respectively. Of 30 companies traded, 4 were up, 26…

Top Stories in last day

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Dickwella, Chandimal power Sri Lanka to 366-6

COLOMBO: Opener Niroshan Dickwella blasted 95 and skipper Dinesh Chandimal 80 as Sri Lanka posted 366 for six in their fifth one day international against England on Tuesday. Dickwella put on 137 runs with opening partner Sadeera…

Saudi king, crown prince meet Khashoggi family

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RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman met with family members of slain journalist Jamal Khashoggi in Riyadh on Tuesday, state media said. The Saudi rulers met with Khashoggi’s son Salah and brother Sahel…

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Two arrested in land scam case: NAB

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ISLAMABAD: National Accountability Bureau (NAB) Karachi Tuesday arrested former Mukhtiarkar Scheme-33, Muhammad Iqbal Awan and a private person Muhammad Ibrahim in land scam case. As per details here, the accused persons in 2005-2008…

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Saudi sees deals worth $50bn at investment conference despite boycotts

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RIYADH: Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top…

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Turkish president says Saudi team planned Khashoggi’s murder

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Disclosing the truth regarding the death of Jamal Khashoggi, Turkey President Recep Tayyip Erdoğan said that the Saudi team ‘that planned and executed the murder’ were informed about the journalist’s visit to Istanbul the day before.…

CEO Elon Musk reveals launch date of high-tech underground tunnel

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After months of working on the high-tech underground tunnels, Elon Musk’s Boring Company has finally announced a date when the first tunnel will open, and it’s sooner than expected. CEO Musk’s Boring Company has been digging underground…

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Pakistan needs loans in this difficult period, PM tells Saudi summit

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Warning that the next three to six month will be tough for the country, Prime Minister Imran Khan said at the Future Investment Initiative Conference on Tuesday that government is in talks with both the International Monetary Fund (IMF)…

RECORDER REPORT: PSX, BRIndex-30 update

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KARACHI: Tuesday 23, October 2018 until 13:17, BRIndex 30 was at 20,550.10 with a negative change of -270.86 and volume of 109,486,700 shares. High and low were 20,894.06 and 20,355.56 respectively. Total volume traded in the market was…

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Messi injury gives Barca and Dembele chance to prove their worth

BARCELONA: Barcelona’s lowest ebbs are invariably followed by questions about Lionel Messi but the issue of over-reliance may become clearer over the coming weeks. The sight of Messi on the ground, grasping his right arm, during Barca’s…

Turkey’s Erdogan to reveal ‘naked truth’ about Khashoggi murder

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ISTANBUL: Turkish President Recep Tayyip Erdogan is expected Tuesday to reveal what he has said is the “naked truth” about the murder of Jamal Khashoggi at the Saudi consulate in Istanbul — a killing Ankara has said was “savagely planned”.…

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What drives sugar mill to profitability?

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Sugar sector has many troubles. Oft-repeated is the artificial floor on raw material price and slump in global commodity demand coupled with over-supply in domestic market. And not to mention tarnished reputation of millers due to overhang…

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‘The world is watching’, Kushner tells Saudi crown prince on Khashoggi

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WASHINGTON/ISTANBUL: White House adviser Jared Kushner said on Monday he had urged Saudi Arabia’s crown prince to be transparent about the killing of Jamal Khashoggi, and told him “the world is watching” Riyadh’s account of the…

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UK foreign minister: Saudi claim on Khashoggi death not credible

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LONDON: British foreign minister Jeremy Hunt said on Monday it was not credible for Saudi authorities to claim that journalist Jamal Khashoggi died in a fight. “The claim that Mr Khashoggi died in a fight does not amount to a credible…

White House aide says we want full details on Khashoggi death

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MOSCOW: The United States wants to know all the details of how Saudi journalist Jamal Khashoggi was killed and talks on that are continuing with Saudi authorities, US National Security Advisor John Bolton was quoted as saying on Monday.…

Trump threatens to build up US nuclear arsenal against China, Russia

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WASHINGTON: President Donald Trump warned on Monday that the United States intended to build up its arsenal of nuclear weapons to pressure Russia and China. Speaking to reporters, Trump repeated his contention that Russia was not abiding…

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Saudi crown prince meets US’s Mnuchin, Saudi state TV says

DUBAI: Saudi Crown Prince Mohammed bin Salman has met US Treasury Secretary Steven Mnuchin, Saudi state TV said in a tweet. Mnuchin said on Sunday Saudi Arabia’s explanation of the killing of journalist Jamal Khashoggi was a “good first…

Monday, Oct 22

ADB projects in Pakistan secure GCF funding

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ISLAMABAD: The Asian Development Bank (ADB) has secured $108 million in funding from the Green Climate Fund (GCF) for its climate change projects, shoring up the bank’s efforts to increase its climate financing for the Asia and Pacific…

Lack of cooperation by Sindh govt in fake accounts case, SC told

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The Joint Investigation Team (JIT) that has been formed to probe the money laundering through fake accounts case, informed the Supreme Court (SC) that Sindh government was not giving its full cooperation regarding the investigation. During…

RECORDER REPORT: PSX, BRIndex-30 update

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KARACHI: Monday 22, October 2018 until 13:40, BRIndex 30 was at 21,144.24 with a positive change of 492.55 and volume of 104,897,300 shares. High and low were 21,170.75 and 20,823.40 respectively. Total volume traded in the market was 167…

Erdogan, Trump agree all aspects of Khashoggi case need to be cleared up

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CAIRO: Turkey’s President Recep Tayyip Erdogan and US President Donald Trump spoke on the telephone to discuss Saudi journalist Jamal Khashoggi, Anadolu agency said on Monday morning. “Erdogan and Trump agreed the Khashoggi case needs to…

Sunday, Oct 21

UK’s Raab says open to extending Brexit transition as PM May’s critics step up attacks

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LONDON: Britain could accept extending the post-Brexit transition period by a few months if the European Union drops its proposals for a so-called Northern Irish backstop, Britain’s Brexit minister Dominic Raab said on Sunday. Talks…

Saudi foreign minister says Khashoggi killing was ‘huge and grave mistake’: Fox

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WASHINGTON: Saudi Foreign Minister Adel al-Jubeir said on Sunday the killing of journalist Jamal Khashoggi inside the Saudi consulate in Istanbul was a “huge and grave mistake” and promised his family that those responsible will be…

Trump accuses Saudi of ‘lies’ over Khashoggi killing

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WASHINGTON: US President Donald Trump has accused Saudi Arabia of lying about the killing of Jamal Khashoggi, his strongest comments to date on the affair as pressure builds on the administration to strike a tougher line. In an interview…

US withdrawal from nuclear arms deal ‘dangerous step’: Moscow

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MOSCOW: Withdrawing from a Cold War-era nuclear weapons treaty with Russia as President Donald Trump has announced he plans to do is a dangerous step, Russia’s deputy foreign minister warned on Sunday. “This would be a very dangerous step…

Saturday, Oct 20

More than 130 casualties as violence rocks chaotic Afghan elections

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KABUL: More than 130 Afghans were killed or wounded in poll-related violence on Saturday, officials said, as the legislative election turned chaotic with hundreds of polling centres failing to open and voters queueing for hours. Most of…

Trump prefers not to cancel arms deal despite Saudi confirming Khashoggi’s death

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Terming Saudi Arabia’s move as a ‘good first step’ for arresting 18 suspects in journalist Jamal Khashoggi’s death case, US President Donald Trump has said that he would prefer finding another option rather than cancel 0.6 million US jobs…

Riyadh admits Khashoggi killed in Istanbul consulate

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RIYADH: Saudi Arabia on Saturday admitted that critic Jamal Khashoggi was killed inside its consulate in Istanbul, more than two weeks after his disappearance tipped the kingdom into one of its worst international crises. The kingdom also…

PM invites Qatari investment all sectors of Pakistan’s economy

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ISLAMABAD: Prime Minister Imran Khan Friday invited Qatari investment in all sectors of Pakistan’s economy, especially in agriculture, livestock and energy. He also expressed the hope for early implementation of Qatar’s decision to import…

Friday, Oct 19

Nation bearing the brunt of previous rulers’ wrong policies: PM

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ISLAMABAD: Prime Minister Imran Khan Friday said that the nation was bearing the brunt of the misdeeds and wrong policies of the previous rulers, who had plundered the country and treated it even worse than any enemy. In a meeting with a…

Facebook hires former UK deputy prime minister as head of global affairs

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LONDON: Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling.…

India’s purchase of S-400 missile to ‘destabilize’ South Asia: FO

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Pakistan has strongly reacted on the purchase of S-400 missile system by neighboring rival India on Friday. Pakistan believes that the latest development would ‘further destabilize’ in South Asia. “The Indian purchase of S-400 missile…

PM Khan to attend investment conference on King Salman’s special invitation

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Prime Minister Imran Khan will be visiting Saudi Arabia on special invitation of King Salman bin Abdul Aziz to attend the Future Investment Initiative Conference (FIIC) on October 23. According to a statement issued by Foreign Office (FO)…

Thursday, Oct 18

Economic growth gains highest real GDP growth of 5.8pc in FY18: SBP

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KARACHI: The State Bank of Pakistan (SBP) in its annual report for fiscal year 2017-18 on State of Pakistan’s Economy stated that the growth momentum gained further strength as the economy achieved its 13-year highest real GDP growth of 5…

Pakistan committed to implement international AML, CFT standards: Asad Umar

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ISLAMABAD: Federal Minister for Finance Asad Umar on Thursday resolved the government’s commitment to implement the international Anti Money Laundering and Counter Financing Terrorism (AML/CFT) standards and reaffirmed Pakistan’s strong…

Brexit transition will probably be extended: Juncker

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BRUSSELS: European Commission chief Jean-Claude Juncker said Thursday that the Brexit transition period would “probably” be extended to try to break the deadlock on Britain’s divorce talks. “This prolongation of the transition period…

Mattis to meet Chinese counterpart amid tensions

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SINGAPORE: US Defence Secretary Jim Mattis is set to meet his Chinese counterpart Thursday after earlier talks were scrapped amid soaring tensions between the nuclear powers over trade tariffs and sanctions. The much-anticipated meeting…