AIRLINK 67.85 Increased By ▲ 2.65 (4.06%)
BOP 5.45 Decreased By ▼ -0.12 (-2.15%)
CNERGY 4.55 Decreased By ▼ -0.01 (-0.22%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 70.70 Increased By ▲ 0.74 (1.06%)
FCCL 20.20 Decreased By ▼ -0.10 (-0.49%)
FFBL 30.72 Increased By ▲ 1.61 (5.53%)
FFL 9.87 Increased By ▲ 0.04 (0.41%)
GGL 10.10 Increased By ▲ 0.09 (0.9%)
HBL 114.10 Decreased By ▼ -0.15 (-0.13%)
HUBC 130.80 Increased By ▲ 1.70 (1.32%)
HUMNL 6.72 Increased By ▲ 0.01 (0.15%)
KEL 4.41 Decreased By ▼ -0.03 (-0.68%)
KOSM 4.85 Decreased By ▼ -0.04 (-0.82%)
MLCF 36.70 Decreased By ▼ -0.30 (-0.81%)
OGDC 134.51 Increased By ▲ 2.21 (1.67%)
PAEL 22.40 Decreased By ▼ -0.14 (-0.62%)
PIAA 25.56 Decreased By ▼ -0.33 (-1.27%)
PIBTL 6.63 Increased By ▲ 0.03 (0.45%)
PPL 113.75 Increased By ▲ 0.90 (0.8%)
PRL 29.75 Increased By ▲ 0.34 (1.16%)
PTC 14.88 Decreased By ▼ -0.36 (-2.36%)
SEARL 57.90 Increased By ▲ 0.87 (1.53%)
SNGP 66.50 Increased By ▲ 0.05 (0.08%)
SSGC 10.95 Decreased By ▼ -0.03 (-0.27%)
TELE 8.85 Increased By ▲ 0.05 (0.57%)
TPLP 11.52 Decreased By ▼ -0.18 (-1.54%)
TRG 68.70 Increased By ▲ 0.08 (0.12%)
UNITY 23.53 Increased By ▲ 0.13 (0.56%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,370 Increased By 75.4 (1.03%)
BR30 24,079 Increased By 224.7 (0.94%)
KSE100 70,823 Increased By 533 (0.76%)
KSE30 23,332 Increased By 160.6 (0.69%)

imageCARACAS: Venezuelan President Nicolas Maduro faces renewed pressure Friday as the opposition calls for a nationwide strike, which he has threatened to break with army takeovers of paralyzed firms.

Up in arms over the authorities' decision to block a referendum on removing Maduro from power, the opposition has declared a 12-hour general strike, threatening to exacerbate the shortages of food and basic goods gripping the country.

"This is a call to a citizens' strike for the people: to leave streets and workplaces empty... to pressure the government to obey the constitution and respect our right to choose," the opposition Democratic Unity Roundtable (MUD) said in a statement.

The strike is scheduled to start at 6:00 am (1000 GMT).

The center-right coalition's latest move to pressure the unpopular leftist leader comes after anti-government protests drew hundreds of thousands of people on Wednesday.

Maduro has vowed to respond forcefully.

"If a company stops, it will be taken over," he said Thursday in a televised speech.

He also extended a carrot to the struggling workers who have served as his socialist party's traditional base: a 40 percent increase in the minimum wage, to the equivalent of about $140 a month.

But economic analysts called that a drop in the bucket for a country the International Monetary Fund says is facing inflation of 475 percent this year, rising to 1,660 percent next year.

And a wage hike may only add fuel to the inflationary fire.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.