AVN 66.56 Increased By ▲ 1.43 (2.2%)
BAFL 29.75 Increased By ▲ 0.05 (0.17%)
BOP 4.09 Decreased By ▼ -0.36 (-8.09%)
CNERGY 3.71 Increased By ▲ 0.08 (2.2%)
DFML 12.37 Decreased By ▼ -0.17 (-1.36%)
DGKC 45.70 Increased By ▲ 0.30 (0.66%)
EPCL 46.90 Decreased By ▼ -0.10 (-0.21%)
FCCL 12.18 Decreased By ▼ -0.02 (-0.16%)
FFL 5.98 Decreased By ▼ -0.05 (-0.83%)
FLYNG 6.23 Increased By ▲ 0.05 (0.81%)
GGL 12.00 Increased By ▲ 0.20 (1.69%)
HUBC 68.49 Decreased By ▼ -0.17 (-0.25%)
HUMNL 5.82 Increased By ▲ 0.08 (1.39%)
KAPCO 25.20 Decreased By ▼ -0.05 (-0.2%)
KEL 2.11 No Change ▼ 0.00 (0%)
LOTCHEM 25.40 Decreased By ▼ -0.04 (-0.16%)
MLCF 25.87 Increased By ▲ 0.27 (1.05%)
NETSOL 77.90 Increased By ▲ 0.69 (0.89%)
OGDC 88.65 Increased By ▲ 1.64 (1.88%)
PAEL 11.67 Increased By ▲ 0.46 (4.1%)
PIBTL 4.19 Increased By ▲ 0.01 (0.24%)
PPL 68.90 Increased By ▲ 2.38 (3.58%)
PRL 13.43 Increased By ▲ 0.32 (2.44%)
SILK 0.88 Increased By ▲ 0.02 (2.33%)
SNGP 42.22 Increased By ▲ 0.96 (2.33%)
TELE 8.10 Increased By ▲ 0.03 (0.37%)
TPLP 15.34 Increased By ▲ 0.09 (0.59%)
TRG 113.05 Increased By ▲ 1.73 (1.55%)
UNITY 14.24 Increased By ▲ 0.12 (0.85%)
WTL 1.24 Increased By ▲ 0.02 (1.64%)
BR100 4,154 Increased By 50.9 (1.24%)
BR30 14,988 Increased By 147.3 (0.99%)
KSE100 40,936 Increased By 18 (0.04%)
KSE30 15,113 Increased By 69.7 (0.46%)
Follow us

MEXICO CITY: Mexico’s popular president Andres Manuel Lopez Obrador rallied more than 100,000 supporters Saturday in Mexico City, attacking the country’s right, its “oligarchs” and the United States, just over a year before elections to choose his successor.

The rally marked the 85th anniversary of the nationalization of the oil industry, a key event in Mexican history.

Denouncing US Republican lawmakers’ push to send the US military to battle Mexican drug cartels, Lopez Obrador told the crowd: “Cooperation yes, submission, no!”

“Mexico is an independent and free country and not a colony or a protectorate of the United States,” he told his supporters, who gathered in the city’s famous Zocalo main square.

Lopez Obrador also accused the opposition conservative PAN party of being born out of “criticizing the oil expropriation” that led to the industry’s nationalization.

“Whatever they do, the oligarchs will not return to power,” he said, defending his administration’s accomplishments such as a rise in average salary and strengthening of the peso.

Despite approval ratings above 60 percent, the president must leave power at the end of a single six-year mandate, as provided by the constitution.

Buoyed by his popularity, his Movement for National Regeneration (Morena) is widely favored to stay in power.

10 people killed in central Mexico bar shooting

Still unclear is who will stand for Morena in 2024. Mexico City Mayor Claudia Sheinbaum and Foreign Minister Marcelo Ebrard are the favorites.

Lopez Obrador said he was “convinced” that the party’s nominee would “apply the same policies in favor of the people and in favor of the nation.”

Saturday’s rally comes three weeks after an opposition demonstration against his electoral reform approved by Congress.

The reform threatens the National Electoral Institute (INE), which organizes elections, opposition and some civil society leaders say. They have announced appeals to the Supreme Court.

The United States voiced concern about the impact of the reform on the independence of powers in Mexico. Lopez Obrador has slammed the remarks as meddling.

Comments

1000 characters

Mexico’s popular president reaches out to his base

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Intra-day update: rupee records improvement against US dollar

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Auto sector woes: Hinopak suspends assembly plant operation

Petrol subsidy to bikers: two options under study

No subsidized gas for fertilizer plants after May

IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics

PM for solving problems Dawlance facing in Pakistan

$7.407bn borrowed from multiple financing sources in 8 months

Jul-Feb FDI down 40pc YoY