AIRLINK 200.02 Increased By ▲ 6.46 (3.34%)
BOP 10.23 Increased By ▲ 0.28 (2.81%)
CNERGY 7.83 Decreased By ▼ -0.10 (-1.26%)
FCCL 40.00 Decreased By ▼ -0.65 (-1.6%)
FFL 16.80 Decreased By ▼ -0.06 (-0.36%)
FLYNG 26.50 Decreased By ▼ -1.25 (-4.5%)
HUBC 132.79 Increased By ▲ 0.21 (0.16%)
HUMNL 13.99 Increased By ▲ 0.10 (0.72%)
KEL 4.67 Increased By ▲ 0.07 (1.52%)
KOSM 6.57 Decreased By ▼ -0.05 (-0.76%)
MLCF 46.66 Decreased By ▼ -0.94 (-1.97%)
OGDC 211.89 Decreased By ▼ -2.02 (-0.94%)
PACE 6.89 Decreased By ▼ -0.04 (-0.58%)
PAEL 41.34 Increased By ▲ 0.10 (0.24%)
PIAHCLA 17.02 Decreased By ▼ -0.13 (-0.76%)
PIBTL 8.13 Decreased By ▼ -0.28 (-3.33%)
POWER 9.37 Decreased By ▼ -0.27 (-2.8%)
PPL 181.45 Decreased By ▼ -0.90 (-0.49%)
PRL 41.60 Decreased By ▼ -0.36 (-0.86%)
PTC 24.69 Decreased By ▼ -0.21 (-0.84%)
SEARL 112.25 Increased By ▲ 5.41 (5.06%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.00 Increased By ▲ 3.90 (9.73%)
SYM 19.18 Increased By ▲ 1.71 (9.79%)
TELE 8.91 Increased By ▲ 0.07 (0.79%)
TPLP 12.90 Increased By ▲ 0.15 (1.18%)
TRG 67.40 Increased By ▲ 0.45 (0.67%)
WAVESAPP 11.45 Increased By ▲ 0.12 (1.06%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)

US House of Representatives lawmakers released details on Friday of a $717 billion annual defence policy bill, including efforts to compete with Russia and China and a measure to temporarily halt weapons sales to Turkey.
The House Armed Services Committee is due to debate next week the annual National Defence Authorization Act (NDAA), which authorizes the level of defence spending and sets policies controlling how the funding is used.
One of the few pieces of major legislation passed by Congress every year, the NDAA is used as a vehicle for a broad range of policy measures, as well as determining everything from military pay levels and benefits to which ships or aircraft will be modernized, purchased or discontinued.
The committee will not release the bill itself until next week, but Republicans, who control the panel, and the minority Democrats, each released summaries.
On Russia, the proposed NDAA for fiscal year 2019 includes provisions such as imposing new sanctions on Russia's arms industry in response to treaty violations, prohibiting military-to-military cooperation and providing more funding for cyber warfare.
But it also includes a rule, backed by President Donald Trump's fellow Republicans, that would allow Trump to end some sanctions imposed on Russia in legislation Congress passed overwhelmingly last summer despite the president's objections.
On China, the proposed NDAA includes provisions including improving Taiwan's defence capabilities and barring any US government agency from using "risky" technology produced by Huawei Technologies and ZTE Corp, which a committee statement describes as "linked to the Chinese Communist Party's intelligence apparatus."
Washington has recently made a series of moves aimed at stopping or reducing access by Huawei and ZTE to the US economy amid allegations the telecommunications equipment companies could be using their technology to spy on Americans. The legislation would also ask the Defence Department to provide Congress with a report on the relationship between the United States and Turkey, and would block the sale of major defence equipment until the report was complete.
Although Turkey is a Nato ally, relations between Ankara and Washington recently have deteriorated. Turkey supported the US fight against Islamic State, but has become increasingly worried about US backing for Kurdish fighters in Syria. The NDAA is several steps from becoming law. The final version of the legislation will be a compromise reached later this year by House and Senate negotiators between separate versions of the bill approved in the two chambers.

Copyright Reuters, 2018

Comments

Comments are closed.