AGL 38.15 Increased By ▲ 0.90 (2.42%)
AIRLINK 121.51 Decreased By ▼ -2.51 (-2.02%)
BOP 5.85 Increased By ▲ 0.23 (4.09%)
CNERGY 3.75 Increased By ▲ 0.03 (0.81%)
DCL 8.40 Increased By ▲ 0.15 (1.82%)
DFML 40.89 Increased By ▲ 0.62 (1.54%)
DGKC 84.60 Decreased By ▼ -1.14 (-1.33%)
FCCL 32.70 Increased By ▲ 0.10 (0.31%)
FFBL 65.50 Decreased By ▼ -1.00 (-1.5%)
FFL 10.05 Decreased By ▼ -0.11 (-1.08%)
HUBC 103.80 Increased By ▲ 0.70 (0.68%)
HUMNL 13.25 Decreased By ▼ -0.15 (-1.12%)
KEL 4.43 Increased By ▲ 0.18 (4.24%)
KOSM 7.09 Decreased By ▼ -0.09 (-1.25%)
MLCF 37.50 Decreased By ▼ -0.80 (-2.09%)
NBP 60.25 Decreased By ▼ -4.76 (-7.32%)
OGDC 172.25 Decreased By ▼ -1.55 (-0.89%)
PAEL 24.80 Decreased By ▼ -0.10 (-0.4%)
PIBTL 5.70 Decreased By ▼ -0.10 (-1.72%)
PPL 141.69 Decreased By ▼ -1.01 (-0.71%)
PRL 22.72 Decreased By ▼ -0.26 (-1.13%)
PTC 14.74 Decreased By ▼ -0.37 (-2.45%)
SEARL 64.56 Decreased By ▼ -0.79 (-1.21%)
TELE 7.14 Increased By ▲ 0.14 (2%)
TOMCL 35.50 Decreased By ▼ -1.41 (-3.82%)
TPLP 7.29 Decreased By ▼ -0.05 (-0.68%)
TREET 14.20 Decreased By ▼ -0.08 (-0.56%)
TRG 51.75 Increased By ▲ 2.05 (4.12%)
UNITY 26.60 Increased By ▲ 0.45 (1.72%)
WTL 1.22 Decreased By ▼ -0.02 (-1.61%)
BR100 9,483 Decreased By -118.3 (-1.23%)
BR30 28,371 Decreased By -202.1 (-0.71%)
KSE100 88,967 Decreased By -1319.8 (-1.46%)
KSE30 27,827 Decreased By -515.9 (-1.82%)

Switzerland's business elite published an appeal in a Swiss newspaper on Sunday to save the country's accords with the European Union from unravelling due to a vote earlier this year to curb immigration from the bloc.
The Swiss government said in June it would introduce quotas for EU citizens from 2017 after voters in February narrowly backed proposals to curtail immigration. The move could violate a free movement of citizens pact and threaten Switzerland's other agreements with the 28-member union.
Switzerland will also vote on an even more radical initiative on November 30, which proposes capping immigration at just 0.2 percent of the resident population or the equivalent of 16,000 people per year. More than 100 members of Switzerland's business, economic and political elite signed the appeal, including Swiss Re Chairman Walter Kielholz, Lonza Chairman Rolf Soiron, Nestle Vice-Chairman Andreas Koopmann and former Swiss National Bank Chairman Jean-Pierre Roth, the Schweiz am Sonntag newspaper said.
The document, published on the newspaper's website without a full list of signatories, warned against Switzerland's "self-isolation".
"(We) ask all citizens, particularly the young, to take part in a realistic dialogue on Europe based on facts, with the aim of giving Switzerland a coherent, long-term policy in this area that will allow the country to represent its interests in a European context with success," the announcement said. Separately on Sunday, the vice-president of the right wing Swiss People's Party that spearheaded February's referendum, told the Sonntagszeitung it would be open to a discussion on alternatives to immigration quotas.
"If a reduction in immigration can be achieved through a better system than quotas, we wouldn't close our minds to the discussion," Christoph Blocher was quoted as saying by the paper.
The limits on immigration are widely opposed by Swiss businesses as they rely heavily on foreign labour in all areas of the economy.

Copyright Reuters, 2014

Comments

Comments are closed.