AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Turkey's President Ahmet Necdet Sezer dealt a fresh blow on Monday to efforts by the Islamist-rooted government to shake up the constitution, vetoing a plan that would cut the time needed to hold referendums.
The veto by staunchly secularist Sezer makes it much less likely the government will be able go ahead with a referendum on sweeping constitutional reforms on July 22, the same day as a general election.
Turkey's secular elite, which also includes top judges and army generals, is determined to block the ruling AK Party's reform plans. Among proposed reforms is for future presidents to be chosen by voters instead of parliament. The government bill envisages cutting the time needed to hold a referendum to 45 days from 120 days.
"The confusion that would be created by holding the general elections and referendum together would make it more difficult to reach a healthy result on the issue," said a statement on Sezer's Web site giving lengthy legal reasons for his veto. Sezer also asked the Constitutional Court on Monday to rule on some technical objections he has to the reforms themselves, the state Anatolian news agency reported.
Parliament, now in recess ahead of the election, could still override the president's veto. But Prime Minister Tayyip Erdogan has annoyed some in his AK Party by not renominating them as candidates in the election, making it difficult to rally enough votes in parliament to push the law through for a second time. The government put a brave face on Monday's veto, which had been widely predicted and had no impact on financial markets.

Copyright Reuters, 2007

Comments

Comments are closed.