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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (19391)5/28/1998 5:01:00 PM
From: paulmcg0  Respond to of 94695
 
We'll have to see what the authorities decide as far as sanctions go. I work for a manufacturer of telecom equipment and our lawyers have been having discussions with the State Dept. about what areas the sanctions will be in, but there is nothing official yet, only speculation. (We are concerned because we have contracts in both India and Pakistan.) As far as your question goes, about sending money to India, I assume that they would probably allow money transfers for humanitarian reasons when the sanctions go into effect, but it looks like business interests are going to be hurt by any sanctions, based on what I've heard.



To: ratan lal who wrote (19391)5/28/1998 5:11:00 PM
From: paulmcg0  Read Replies (1) | Respond to of 94695
 
I just checked on the India sanctions at the State Dept. Web site -- see state.gov . I assume now that the same sanctions are going to be applied to Pakistan. From a business standpoint, they are pretty severe, particularly the ones about the U.S. government and U.S. banks being prohibited from loaning money or otherwise extending credit to India.


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