U.S Lifts sanctions on India & Pakistan.
Ravi:
Here is what I have done with CBSI, MAST,UBIX and ITWO.
Sold MAST, CBSI and ITWO all for nice profit.Sold UBIX for a $0.12/share loss.
With the profit and some additional money bought back all the shares of ITWO and CBSI I sold.
===================================
U.S. Lifts Sanctions On India, Pakistan
Aim Is to Reward, Encourage Nuclear Curbs
By Thomas W. Lippman
Washington Post Staff Writer
Saturday, November 7, 1998; Page A14
President Clinton has decided to lift most of the economic sanctions imposed on India and Pakistan after their nuclear weapons tests last May to reward them for recent steps toward nuclear control agreements and to encourage them to do more, senior administration officials said yesterday.
Clinton notified the prime ministers of both countries by letter yesterday that he was exercising authority granted by Congress last month to waive the sanctions. Before Congress acted, the U.S. sanctions were inflexible and indefinite, a fact cited by U.S. officials and by India and Pakistan as an obstacle to productive negotiations.
Clinton's decision follows six months of intensive diplomacy by Deputy Secretary of State Strobe Talbott and other U.S. officials aimed at heading off a nuclear arms race in volatile South Asia.
As recently as Thursday, Talbott said the nuclear standoff between the South Asian rivals threatened "an apocalypse in the cradle of several of the world's great religions and civilizations. Even if they don't unleash that ultimate catastrophe, India and Pakistan are straining at the starting blocks of a ruinously expensive arms race."...
search.washingtonpost.com
|
