AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

Turkey's newly re-elected parliament will start voting for a new president on August 20, its speaker said on Friday, after the process was derailed in May by the country's powerful secular elite.
Koksal Toptan, a member of the ruling AK Party who was elected speaker on Thursday, said the second round of voting would be on August 24 and a third and probably decisive round on August 28, confirming dates earlier reported by Reuters. Friday marks the start of a 10-day period during which applications to run for the top post must be made, he said.
Financial markets are nervously watching the election, fearing that a decision by Foreign Minister Abdullah Gul to run could reignite political tensions. Gul, an ex-Islamist and a key architect of Turkey's European Union membership bid, has signalled he will make a second bid for the top job despite stiff opposition from the secular elite, including army generals.
The secularists derailed a first attempt in parliament in May to have Gul elected president, forcing Prime Minister Tayyip Erdogan to call an early parliamentary election. The Islamist-rooted AK Party won a sweeping victory on July 22 and now holds a majority of seats in parliament, sufficient to put their man into the presidential palace. Prime Minister Tayyip Erdogan signalled the AK Party might field more than one candidate in the election, but declined to be more specific in comments to reporters.
"We will evaluate the presidential election process on Monday in the cabinet and at the (AK Party) central executive board meeting," Erdogan said. Gul is a controversial figure in Turkey, which is officially secular but predominantly Muslim, because of his Islamist past. His wife wears the Islamic headscarf, seen by opponents as a provocative symbol.
Gul, a gently-spoken diplomat, denies any Islamist agenda. A source close to Gul told Reuters the foreign minister was determined to run again. The candidacy of Gul has split the AK Party. Some senior members want the party to use their sweeping re-election win to push through reforms and avoid getting bogged down in renewed clashes with secularists.
"(Gul's decisive attitude) will put Erdogan and the party into a difficult position. I wonder how skilfully Erdogan will manage to overcome this problem," said another senior AK Party member, also speaking on condition of anonymity. The army ousted a government 10 years ago in which Gul served as a minister because it was deemed too Islamist.
The main opposition Republican People's Party, which helped scupper the previous attempt to elect Gul, has called on the AK Party to field a compromise candidate for head of state.
Defence Minister Vecdi Gonul, whose wife does not wear the headscarf, has been mentioned as one possible compromise. In Turkey, the government holds most power but the president can veto laws, block appointments of officials and appoints judges. The president is also the army's commander-in-chief.

Copyright Reuters, 2007

Comments

Comments are closed.