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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4934)	7/5/1999 8:31:00 PM
From: Mohan Marette	Respond to of 12475

Pakistani Islamic group seeks PM's ouster.(Sharif courts 'dagner',Ex- spymaster) KARACHI, July 5 (Reuters) - Pakistan's main Islamist opposition party on Monday launched a campaign to oust Prime Minister Nawaz Sharif and accused him of betrayal over Kashmir. ''Starting from today, we are launching a campaign against Nawaz Sharif's betrayal and tomorrow on Tuesday we will observe a nation-wide black day or protest day,'' said Munawwar Hassan, acting chief of the Jamaat-e-Islami. He called on Pakistanis to observe a complete strike throughout the country and to join allies and public meetings which he said would continue until Sharif was removed from power. ''We are also making arrangements for a suitable reception of the prime minister whenever and wherever he returns,'' Hassan told reporters in Karachi. He did not elaborate. Sharif met U.S. President Bill Clinton in Washington on Sunday and agreed in a joint statement to ''concrete steps'' to restore the ceasefire line dividing the disputed Kashmir region. India holds two-thirds of Kashmir and Pakistan the rest. India is fighting to remove militants, who it says are backed by Pakistan, from strategic heights on India's side of the line. Jamaat-e-Islami is the biggest and best organised of Pakistan's conservative Islamic opposition groups but has no members of parliament because it boycotted the last elections. Islamic groups are fervent supporters of the campaign by Kashmiri militants to wrest control of Moslem-majority Kashmir from New Delhi. Hassan called on Pakistan's army to clarify its position regarding the joint statement by Sharif and Clinton. ''We believe that this is not the army's stance over this issue,'' he said, adding ''till now what the army has been saying is in perfect harmony with the wishes of the people of Pakistan and Kashmir.'' Hassan said the joint statement and the manner in which Sharif dashed to Washington smelt of a conspiracy against the ''Kashmir freedom struggle.'' He said the despatch 10 days ago of former Pakistan foreign secretary Niaz Naik for secret talks in New Delhi with Indian Prime Minister Atal Behari Vajpayee was part of a conspiracy to defraud Kashmiris of their right to self determination. ''The conspiracy that started with the visit of Niaz Naik to New Delhi has come to a logical end with no less than the prime minister himself exposing the conspiracy and his involvement,'' he said. ''This is nothing less than betrayal, a negation of the right of self determination for the Kashmiri people and a stab in the back of the mujahideen (holy warriors) struggle against Indian repression,'' he said. ''Naik and Nawaz Sharif will pay for this, they will pay a very heavy price for this betrayal,'' he added. He asked all other parties to join the struggle against Sharif who he said ''has become a security threat to Pakistan.'' biz.yahoo.com ================ INTERVIEW-Pakistan PM courts danger - ex-spymaster By Raja Asghar ISLAMABAD, June 5 (Reuters) - A former Pakistani spymaster said on Monday that Prime Minister Nawaz Sharif risked ''considerable danger'' to his political future by agreeing to a withdrawal of anti-India guerrillas from northern Kashmir. ''This is not practical, this is unrealistic,'' retired army lieutenant-general Hamid Gul told Reuters in an interview on Sharif's accord with U.S. President Bill Clinton. ''It is not going to push the chances of war back, but will rather bring them closer. This cannot be implemented,'' said Gul, a former chief of Pakistan's Inter-Service Intelligence (ISI). India accuses the ISI of being behind a Moslem separatist revolt in the two-thirds of Kashmir it rules. biz.yahoo.com

To: Mohan Marette who wrote (4934)	7/5/1999 8:41:00 PM
From: Mohan Marette	Respond to of 12475

India says Kashmir attacks to go on 'with full force' until pullout. NEW DELHI, July 5 (Reuters) - India said on Monday it had been informed by Washington that the U.S.-Pakistan agreement on Kashmir meant the withdrawal of infiltrators from the Indian side of the disputed Himalayan territory's military control line. However, the foreign ministry spokesman said in a statement that India would judge evidence of any withdrawal from developments on the ground, and its military offensive would continue ''with full force'' until the aggressors are cleared out. Pakistani Prime Minister Nawaz Sharif and U.S. President Bill Clinton issued a joint statement in Washington on Sunday which promised ''concrete steps'' for the restoration of the Line of Control dividing the nuclear-capable rivals. ''Our U.S. interlocutors have told us that ''concrete steps'' referred to in the statement means withdrawal by Pakistan of their forces from our side of the Line of Control in the Kargil sector,'' the Indian spokesman said. ''We reaffirm that Pakistan's armed intrusion and aggression has to be vacated. Our military action in the Kargil sector, which has been initiated for this purpose, is making steady progress. It will continue with full force until the aggressors are cleared out and the status quo ante on the Line of Control fully restored,'' he said, noting that air attacks were going on as he spoke. He rejected any ''third party'' involvement in the Kashmir dispute and in relations between India and Pakistan in general. He added that a ceasefire during withdrawal by the infiltrators was not being considered. biz.yahoo.com

To: Mohan Marette who wrote (4934)	7/5/1999 8:55:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

'Bull-run in Mumbai'- Sensex jumps 112 points, 14 months high business-standard.com ==================== Sensex jumps 112 points, 14 months high (Source:Probity Research) The Bombay Stock Exchange viewed the joint statement of Pakistani Prime Minister Nawaz Sharif and American President Bill Clinton with optimism and pushed the Sensex up by 112 points. As pointed out in the morning cyclical stocks rose. A large number of stocks moved up and there were hardly any stocks that lost ground. Market is hoping that the Sharif-Clinton meet will lead to a long-term solution of the Kashmir problem. Though the militants based in Pakistan have rejected the statement made by Sharif and have said that they would not withdraw from Kashmir. Even the Pakistani opposition has rejected the statement and called for a black-day in Pakistan tomorrow. However the Karachi Stock Exchange reflected the optimism that Indian traders exhibited on the Indo-Pak imbroglio. The KSE 100 INDX surged 31.36 points or 2.84 % to close at 1136.18 points. Stocks that gained on the BSE were.. Stocks Closing Price Amount Change % Change Asian Hotels 158.20 8.20 8.0 Bank of Baroda 70.40 5.20 8.0 Dabur 668.50 49.50 8.0 ESAB 99.60 7.35 8.0 Essel Packaging 302.90 22.40 8.0 Grasim 242.90 17.95 8.0 Lakme Ltd 220.60 16.30 8.0 Siemens 242.80 17.95 8.0 Wartsila 308.90 22.85 8.0 Andhra Valley 55.30 4.05 7.9 Ashok Leyland 86.90 6.35 7.9 Godrej Soaps 35.80 2.60 7.8 Hotel Leela 39.00 2.55 7.0 HDFC 2409.00 156.20 7.1 LIC Hsg Fin 38.50 2.80 7.8 Nag. Fert 19.90 1.25 7.0 TVS Suzuki 530.00 31.00 7.3 Videocon Intl 65.80 15.50 7.3 Stocks that lost on the BSE were.. Stocks Closing Price Amount Change % Change BPL 487.00 (26.50) -4.50 NIIT 2139.95 (45.05) -2.06 Bajaj Auto 520.00 (10.00) -1.89 CESC 34.25 ( 1.10) -3.11 GE Shipping 23.70 (0.60) -2.47 ======================== <