AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,461 Decreased By -60.9 (-0.81%)
BR30 24,171 Decreased By -230.9 (-0.95%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)

imageCARACAS: Venezuela's electoral authorities are to announce Tuesday whether moves to stage a recall referendum against President Nicolas Maduro can go ahead after verifying signatures on an opposition-organized petition.

The outcome could open the way to a vote to oust Maduro, the chosen successor to late president Hugo Chavez who is ruling over an economy crippled by mismanagement and low oil prices.

But the government has said the petition is riddled with fake signatures and stated the referendum cannot happen this year.

The head of the National Electoral Council, Tibisay Lucena, on Sunday told the Televen television network that verification of the petition would be completed on Monday and the result would be given the next day.

For a referendum to be contemplated, the signatures of just under 200,000 voters -- one percent of the registered electorate -- have to be verified on the petition.

The next step would then be a second petition to be signed by 20 percent of voters, around four million people.

The opposition MUD coalition organized the initial petition, which gathered two million signatures.

But the National Electoral Council invalidated 600,000 of those.

The MUD says the remaining signatures -- twice of what is needed -- have all been authenticated.

It is seeking to have the referendum held before January 10, 2016, which would trigger fresh elections.

If a recall vote were held after that date and succeeds, the constitution calls for Maduro to be replaced by his loyal vice president, Aristobulo Isturiz.

Public support for Maduro has plummeted amid scarcities of food and other basic goods.

The president, who claims Venezuela is the victim of a plot by shadowy economic forces, has invoked a state of emergency and given greater powers to the military.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.