AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

Ballots closed in the race to become Britain's next prime minister on Monday, with the favourite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to attempt to resolve a three-year Brexit crisis that could damage economies on both sides of the Channel and determine the fate of generations of Britons.
Alan Duncan, a junior foreign minister responsible for relations with Europe and the Americas, stepped down saying Johnson was "haphazard" and "ramshackle" and would trigger a crisis of government. "I have very grave concerns that he flies by the seat of his pants," Duncan told the BBC. "It is tragic that just when we could have been the dominant intellectual and political force throughout Europe, and beyond, we have to spend every day working beneath the dark cloud of Brexit," he wrote in his resignation letter to outgoing Prime Minister Theresa May.
The month-long contest between former London mayor Johnson and Foreign Secretary Jeremy Hunt is being decided by fewer than 200,000 grassroots members of the governing Conservative Party. The new party leader will be announced on Tuesday and take over as prime minister on Wednesday. Both candidates have had a rocky end to a campaign whose closing stages are being waged against a backdrop of a high-stakes stand-off with Iran in the Gulf.
Finance minister Philip Hammond announced Sunday that he would make a point of resigning before Johnson becomes prime minister due to his threat to take Britain out of the EU by an October 31 deadline without a deal if one cannot be agreed with Brussels. London newspapers were filled with speculation that at least a half-dozen lower-ranking ministers may also jump ship over the coming days.
But Johnson doubled down on his pledge to take Britain safely out of the European Union with the help of a new unspecified technological fix for avoiding a hard border with EU member Ireland. "They went to the Moon 50 years ago. Surely today we can solve the logistical issues of the Irish border," Johnson wrote in his weekly column for The Daily Telegraph newspaper.
Hunt has also faced criticism over his handling of Iran's seizure of a British-flagged tanker in the Gulf on Friday. Several ministers accused him Sunday of devoting too much time to his leadership campaign and not enough on his diplomatic duties. An online poll of 1,199 Conservative Party members conducted Friday and Saturday by the Conservative Home website put Johnson on 73 percent.
Bookmakers give Hunt around a one in 20 chance of winning. The Conservatives command a razor-thin majority in parliament's lower House of Commons and Johnson's opponents - both within and outside the party - are keen to scupper his leadership. Johnson's pledge to take Britain out of the EU with our without a deal has upset pro-EU government ministers and frightened the markets.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.