AGL 40.15 Increased By ▲ 0.15 (0.38%)
AIRLINK 130.85 Increased By ▲ 1.32 (1.02%)
BOP 6.87 Increased By ▲ 0.19 (2.84%)
CNERGY 4.52 Decreased By ▼ -0.11 (-2.38%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 41.99 Increased By ▲ 0.30 (0.72%)
DGKC 83.51 Decreased By ▼ -0.26 (-0.31%)
FCCL 32.94 Increased By ▲ 0.17 (0.52%)
FFBL 76.50 Increased By ▲ 1.03 (1.36%)
FFL 11.88 Increased By ▲ 0.41 (3.57%)
HUBC 110.35 Decreased By ▼ -0.20 (-0.18%)
HUMNL 14.30 Decreased By ▼ -0.26 (-1.79%)
KEL 5.46 Increased By ▲ 0.07 (1.3%)
KOSM 8.19 Decreased By ▼ -0.21 (-2.5%)
MLCF 38.98 Decreased By ▼ -0.81 (-2.04%)
NBP 64.52 Increased By ▲ 4.23 (7.02%)
OGDC 197.90 Decreased By ▼ -1.76 (-0.88%)
PAEL 25.96 Decreased By ▼ -0.69 (-2.59%)
PIBTL 7.65 Decreased By ▼ -0.01 (-0.13%)
PPL 156.97 Decreased By ▼ -0.95 (-0.6%)
PRL 26.08 Decreased By ▼ -0.65 (-2.43%)
PTC 17.95 Decreased By ▼ -0.51 (-2.76%)
SEARL 81.50 Decreased By ▼ -0.94 (-1.14%)
TELE 8.08 Decreased By ▼ -0.23 (-2.77%)
TOMCL 34.35 Decreased By ▼ -0.16 (-0.46%)
TPLP 8.80 Decreased By ▼ -0.26 (-2.87%)
TREET 16.85 Decreased By ▼ -0.62 (-3.55%)
TRG 58.92 Decreased By ▼ -2.40 (-3.91%)
UNITY 27.70 Increased By ▲ 0.27 (0.98%)
WTL 1.45 Increased By ▲ 0.07 (5.07%)
BR100 10,618 Increased By 211.3 (2.03%)
BR30 31,685 Decreased By -28.1 (-0.09%)
KSE100 98,985 Increased By 1656.2 (1.7%)
KSE30 30,828 Increased By 635.8 (2.11%)

Britain will have a good set of proposals on Brexit policy ready for a meeting of European Union leaders this month, interior minister Sajid Javid said on Sunday, adding that he expected a positive response from Brussels. He rejected a newspaper report saying failure to reach an exit deal with the EU would cause immediate shortages of medicine, fuel and food.
Prime Minister Theresa May is struggling to find a proposal on post-Brexit customs arrangements - the biggest stumbling block so far in exit talks - to take into negotiations with Brussels as the clock ticks down to Britain's scheduled exit in March 2019. Ireland said on Saturday that May had two weeks to put forward proposals, but her cabinet is divided and EU officials have poured scorn on draft options under discussion in London.
Javid said discussions between ministers on agreeing a position were making good progress ahead of the June 28-29 summit. "I am absolutely confident as we get to the June council meeting that the prime minister will have a good set of proposals, and our colleagues in Europe will respond positively to them," Javid told the BBC.
He said the proposals would be in line with previous statements by May, and that a promised white paper policy document would be published in advance of the summit. The border between British-ruled Northern Ireland and the rest of Ireland will be Britain's only land frontier with the EU after it leaves the bloc. While both sides say they are committed to keeping the border open, finding a practical solution is proving elusive.
Irish foreign minister Simon Coveney warned of an "uncertain summer" if there was no progress on agreeing the so-called 'backstop' arrangement to prevent a hard border in the event of trade talks failing. The Sunday Times reported that a failure to reach an exit agreement with the EU would cause shortages of medicine, fuel and food within two weeks, citing an unnamed source's account of a document prepared by officials for Britain's negotiators.
Since Britain's shock June 2016 referendum vote to leave the EU, May has insisted that leaving without a deal would be a better outcome than negotiating a poor settlement with Brussels. The government says it is aiming to get a deal, but still preparing for all scenarios, including a no deal outcome.
The newspaper report of a document listing three no deal scenarios said that even under the second worst outcome the port of Dover would collapse almost immediately, supermarkets in Scotland would run out of food within days and medicine supplies would only last weeks. Javid dismissed the details of the Sunday Times report.

Copyright Reuters, 2018

Comments

Comments are closed.