AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

BRUSSELS: Two EU chiefs on Monday congratulated Rishi Sunak on becoming Britain’s next prime minister – while stressing that “stability” was needed for Brussels and London to face shared challenges.

“Congratulations to Rishi Sunak on becoming the UK’s prime minister,” European Council President Charles Michel tweeted.

“Working together is the only way to face common challenges… and bringing stability is key to overcoming them,” he said.

The president of the European Parliament, Roberta Metsola, said the EU legislature was committed to having “a strong and constructive relationship with the UK”.

“At a time of enormous challenges, Europe needs political and economic stability. Our core interests remain the same,” she said.

The pointed use of the word “stability” by both highlights EU hopes that Sunak would take a more conciliatory stance towards Brussels than his predecessors, Boris Johnson and Liz Truss.

Indian-origin Rishi Sunak to become Britain’s new prime minister

Those two both sought to unilaterally override the part of the Brexit agreement that left the UK territory of Northern Ireland under EU rules for goods, risking confrontation with Brussels.

It was not yet known if Sunak would pursue that course or seek a negotiated agreement on the so-called Northern Ireland Protocol in the Brexit treaty on terms acceptable to the EU.

The protocol – negotiated under Johnson then repudiated by him – was designed to preserve peace in Northern Ireland as set out in the 1998 Good Friday Agreement, which ended three decades of conflict and which has the backing of the United States.

London’s efforts to tear up the protocol has been a point of friction in EU-UK ties that has spilled over into other areas, notably the European Union’s refusal to allow British researchers into its prestigious and deep-pocketed Horizon Europe fund for science.

Sunak, who was finance minister under Johnson before resigning in a cabinet mutiny, was selected by Britain’s ruling Conservative party to be its new leader, after Truss’s premiership imploded after just 45 days.

He was to formally become Britain’s third prime minister in as many months once confirmed by King Charles III.

Comments

Comments are closed.