Erdogan's Justice and Development Party (AKP) -- running together with its junior partner the Nationalist Movement Party (MHP) in the so-called People's Alliance -- is expected to win the most seats in Sunday's dual parliamentary and presidential polls.
But some analysts believe the AKP-led alliance will fail to win a majority in the 600-seat parliament in the face of a strong challenge by the opposition, which has formed its own election pact.
"If the People's Alliance gets over 300 seats, the issue of (coalitions) is finished," Erdogan said in an interview with Kral FM and Kral Pop Radio late Wednesday.
"If it is under 300, then we could seek a coalition. That's a separate matter," Erdogan added.
The comments were the first clear acknowledgement in the campaign by Erdogan that his election alliance may not be able to win an overall majority in parliament, however, Erdogan did not indicate with which party he could form a coalition or how difficult the task could be.
"(Coalitions) can be formed. But the possibility of one coming into existence is very, very small," he added.
The main opposition Republican People's Party (CHP) has allied with the Islamic Saadet (Felicity) Party and the new Iyi (Good) Party for the elections. All these parties are currently staunchly anti-Erdogan.
The pro-Kurdish Peoples' Democratic Party (HDP) is not part of any alliance but despises Erdogan who it accuses of launching a crackdown on its leaders and members.
After the polls, Turkey's parliamentary system will transform into an executive presidency following constitutional changes approved by a referendum in April 2017.
These changes will expand the powers of the president but also increase the size of Turkey's parliament from the current 550 MPs to 600.
Losing the parliamentary majority would be seen as a blow to Erdogan, who also faces presidential elections on the same day.
The AKP lost its overall majority once before, in June 2015 legislative elections, and Erdogan then made clear he had no patience for coalitions. He called new elections for November that year where the majority was duly regained.
Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 29, 2023 (Monday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 307.9 | 311.15 |
Euro | EUR | 330 | 333 |
UK Pound Sterling | GBP | 381 | 384.5 |
U.A.E Dirham | AED | 84.6 | 85.4 |
Saudi Riyal | SAR | 82.6 | 83.4 |
Australian Dollar | AUD | 201 | 203 |
Bahrain Dinar | BHD | 762.21 | 770.21 |
Canadian Dollar | CAD | 225.5 | 227.5 |
China Yuan | CNY | 40.6 | 41 |
Danish Krone | DKK | 41.39 | 41.78 |
Hong Kong Dollar | HKD | 36.6 | 36.95 |
Indian Rupee | INR | 3.47 | 3.58 |
Japanese Yen | JPY | 2.15 | 2.20 |
Kuwaiti Dinar | KWD | 932.2 | 941.2 |
Malaysian Ringgit | MYR | 62.42 | 63.02 |
New Zealand Dollar | NZD | 176.98 | 178.98 |
Norwegians Krone | NOK | 26.14 | 26.44 |
Omani Riyal | OMR | 744.58 | 752.57 |
Qatari Riyal | QAR | 78.73 | 79.43 |
Singapore Dollar | SGD | 215 | 217 |
Swedish Korona | SEK | 26.73 | 27.03 |
Swiss Franc | CHF | 316.34 | 318.84 |
Thai Bhat | THB | 8.28 | 8.43 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs202,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 235,800 | PKR 2,505 |
Karachi | PKR 235,800 | PKR 2,505 |
Islamabad | PKR 235,800 | PKR 2,505 |
Peshawar | PKR 235,800 | PKR 2,505 |
Quetta | PKR 235,800 | PKR 2,505 |
Sialkot | PKR 235,800 | PKR 2,505 |
Attock | PKR 235,800 | PKR 2,505 |
Gujranwala | PKR 235,800 | PKR 2,505 |
Jehlum | PKR 235,800 | PKR 2,505 |
Multan | PKR 235,800 | PKR 2,505 |
Bahawalpur | PKR 235,800 | PKR 2,505 |
Gujrat | PKR 235,800 | PKR 2,505 |
Nawabshah | PKR 235,800 | PKR 2,505 |
Chakwal | PKR 235,800 | PKR 2,505 |
Hyderabad | PKR 235,800 | PKR 2,505 |
Nowshehra | PKR 235,800 | PKR 2,505 |
Sargodha | PKR 235,800 | PKR 2,505 |
Faisalabad | PKR 235,800 | PKR 2,505 |
Mirpur | PKR 235,800 | PKR 2,505 |
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