AIRLINK 196.20 Increased By ▲ 4.36 (2.27%)
BOP 10.16 Increased By ▲ 0.29 (2.94%)
CNERGY 7.92 Increased By ▲ 0.25 (3.26%)
FCCL 38.30 Increased By ▲ 0.44 (1.16%)
FFL 15.90 Increased By ▲ 0.14 (0.89%)
FLYNG 25.44 Increased By ▲ 0.13 (0.51%)
HUBC 130.65 Increased By ▲ 0.48 (0.37%)
HUMNL 13.79 Increased By ▲ 0.20 (1.47%)
KEL 4.66 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.38 Increased By ▲ 0.17 (2.74%)
MLCF 44.95 Increased By ▲ 0.66 (1.49%)
OGDC 209.79 Increased By ▲ 2.92 (1.41%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.05 Increased By ▲ 0.50 (1.23%)
PIAHCLA 17.75 Increased By ▲ 0.16 (0.91%)
PIBTL 8.13 Increased By ▲ 0.06 (0.74%)
POWER 9.38 Increased By ▲ 0.14 (1.52%)
PPL 180.99 Increased By ▲ 2.43 (1.36%)
PRL 40.00 Increased By ▲ 0.92 (2.35%)
PTC 24.41 Increased By ▲ 0.27 (1.12%)
SEARL 111.75 Increased By ▲ 3.90 (3.62%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.17 Decreased By ▼ -0.94 (-2.4%)
SYM 19.22 Increased By ▲ 0.10 (0.52%)
TELE 8.75 Increased By ▲ 0.15 (1.74%)
TPLP 12.10 Decreased By ▼ -0.27 (-2.18%)
TRG 66.00 Decreased By ▼ -0.01 (-0.02%)
WAVESAPP 12.29 Decreased By ▼ -0.49 (-3.83%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,090 Increased By 159.6 (1.34%)
BR30 35,982 Increased By 322.6 (0.9%)
KSE100 114,866 Increased By 1659.2 (1.47%)
KSE30 36,099 Increased By 534 (1.5%)

Nepal's parliament elected a moderate communist leader as prime minister on Thursday, ending a political stalemate which the United Nations had warned could risk a peace process in the republic. Jhalnath Khanal, chief of the Communist UML party, was elected prime minister with the support of Maoist former rebels, who dominate parliament, following seven months without an effective government in the Himalayan nation.
The election raises hopes for a revival of a stalled peace process begun in 2006 after the end of a decade-long civil war. It could quicken the drafting of a new constitution and a decision on the future of the former combatants. "These goals cannot be achieved alone without the support of all political parties," Khanal told parliament.
"We can take the country forward through the transition to peace and prosperity only on the basis of a national consensus." Nepal was plunged into crisis in June when Madhav Kumar Nepal quit as prime minister under pressure from the Maoists after sparring over the control of the army and the integration of the former combatants into regular forces. A 2006 peace deal ended the war between the Maoists and the then royal government, in which more than 16,000 people were killed. The Maoists won the most seats in parliamentary elections in 2008 and the 239-year old monarchy was later abolished.

Copyright Reuters, 2011

Comments

Comments are closed.