BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

European Union nations are set to achieve a 70-year-old ambition to integrate their defences on Thursday, signing a pact between 25 EU governments to fund, develop and deploy armed forces together after Britain's decision to quit the bloc.
First blocked by the French parliament in the 1950s and later by Britain, which feared an EU army, the pact aims to end the squandering of billions of euros by splintered defence policies and Europe's heavy reliance on the United States.
"Today is an historic day," said EU foreign policy chief Federica Mogherini, who helped push through Franco-German plans for defence integration. "This turns the European Union into a credible security provider," she said on arrival at the summit where EU leaders will inaugurate the pact.
France's President Emmanuel Macron said "concrete progress" had been made, and Dutch Prime Minister Mark Rutte said the pact would make the EU more agile abroad. "This is not about replacing Nato, it is about being more flexible and using our resources better," Rutte told reporters.
Leaders will formally endorse the pact - known in EU jargon as Permanent Structured Cooperation, or PESCO - at 1845 CET (1745 GMT), in one of the most tangible steps in EU integration since Britain voted to leave the bloc. Defences integration was revived by France and Germany, with support from Italy and Spain, in a show of unity after Brexit.
A bigger impetus came from failings in the 1990s, when EU governments were unable to act in the Balkan wars and relied on US-led Nato to stop the bloodshed on their doorstep.

Comments

Comments are closed for this article.