NEWS SUMMARY (29-05-1998)

President promulgates emergency

ISLAMABAD, May 29 (APP) : President of Pakistan Muhammad Rafiq Tarar has promulgated emergency in the country under the article 232 of the constitution with immediate effect in view of threat by the external aggression to the security of Pakistan.

President promulgates ordinance

ISLAMABAD, May 29 (APP) : President Muhammad Rafiq Tarar has promulgated Thursday night The Foreign Exchange (temporary restrictions) ordinance to impose certain temporary restrictions for and in relation to foreign exchange . Under the ordinance, various protections contained in the Protection of Economic Reforms Act 1992, or in any other law for the time being in force for or in relation to foreign exchange, or right to bring, hold, sell, withdraw,transfer, pay or take out foreign exchange shall remain suspended.

Sharif offers non-aggression pact following nuclear blasts

ISLAMABAD, May 29 (APP) : Prime Minister Muhammad Nawaz Sharif Thursday reiterated his offer for a non-aggression pact to India following string of successful nuclear blasts by Pakistan. "Pakistan has already offered a non-aggression pact to India on the basis of just settlement of the Jammu and Kashmir dispute, I would like to reiterate this offer," Sharif told a crowded press conference hours after five nuclear explosions were carried out. He said Pakistan's decision to exercise the nuclear option had been taken in the interest of national self-defence. "These weapons are to deter aggression, whether nuclear or conventional." "Pakistan has been obliged to exercise the nuclear option due to weaponization of India's nuclear programme." 4. Pakistan-Nuclear-Defence Pakistan's nuclear weapon system is meant for self-defence ISLAMABAD, May 29 (APP) : Prime Minister Muhammad Nawaz Sharif Thursday held out assurance to the world that Pakistan's nuclear weapons system is meant only for self-defence. "There should be no apprehension or concern in this regard," he told a press conference while announcing that Pakistan had blasted five nuclear devices. He said Pakistan would handle its nuclear-weapon system with the highest sense of responsibility. "We have instituted effective command and control structures, we are fully conscious of the need to handle these weapons system," he added. "We have not and will not transfer sensitive technologies to other states or entities."

Pakistan to continue support to nuclear non-proliferation efforts

ISLAMABAD, May 29 (APP) : Prime Minister Muhammad Nawaz Sharif said Thursday said Pakistan would continue its support to the nuclear disarmament and non-proliferation in keeping with the,"new realities." "We are undertaking a re-evaluation of the applicability and relevance of the global non-proliferation regimes to nuclearized South Asia," he told a press conference following five nuclear blasts by Pakistan. Prime Minister said Pakistan was ready to engage in a constructive dialogue with other countries, especially major powers, on ways and means to promoting these goals, in the new circumstances.

Sharif offers talks to India after nuclear tests

ISLAMABAD, May 29 (APP) : Hours after successful testing of five nuclear devices by Pakistan on Thursday, Prime Minister Muhammad Nawaz Sharif offered India to resume official talks to address Kashmir dispute, matters related to peace and security and other outstanding issues. "We are prepared to resume Pakistan-India dialogue to address all outstanding issues including the core issue of Jammu and Kashmir, as well as peace and security," he told a crowded press conference after he gave the news of successful nuclear tests to the nation on television and radio. Journalists from across the world greeted Prime Minister with standing ovation and clapped as he entered the banquet hall of Prime Minister House. He thanked the pressmen by a nod. Sharif underlined the need for urgent steps by islamabad and New Delhi for mutual restraint and equitable measures for nuclear stabilization. He said Pakistan had already offered a non-aggression pact to India on the basis of a just settlement of Kashmir dispute. "I would like to reiterated this offer."

State Bank suspends licences of money changers instantly

KARACHI, May 29 (APP) : State Bank of Pakistan (SBP) announced Thursday evening that it has immediately suspended the licences granted to the money changers.

Pakistani-Americans welcome Pakistan's nuclear move

WASHINGTON, DC May 29 (APP): Pakistani-Americans and American Muslims have welcomed Pakistan's decision to meet the Indian challenge by formally entering the exclusive nuclear club. They agreed with prime Minister Nawaz Sharif's viewpoint that if the world community had effectively acted to contain India's nuclear moves, Pakistan would not have been obliged to take the present course. The Pakistani-Americans lauded the Prime Minister's announcement to shun luxuries and even cut down on essentials in order to stand out as a self-respected and self reliant nation. A Pakistani-American intellectual said that Pakistan has taken the right step under the circumstances because no country can mortgage its future in the hands of others. He said that it is a well-known and well-observed fact that the American foreign policy is dictated by domestic policy. He added that the case of Washington's support for Tel Aviv is a case in point where the United States has put aside all moral and humanitarian concerns to toe the line of the powerful American Jewish lobby.

Nuclear tests were necessary to uphold country's security, sovereignty

ISLAMABAD, May 29 (APP) : Information Minister Mushahid Hussain Sayed said Thursday that Pakistan's five nuclear tests were necessary to uphold its "security and sovereignty." "We had to follow suit given the track record of India's aggression against Pakistan," he said here in an interview with BBC Television. After the nuclear tests, New Delhi said it will use nuclear weapons and threatened Pakistan on Kashmir, Mushahid said. "They did not behave like a mature, responsible, civilized state. And they showed themselves to be a country which is on the war path. They had to be stopped, and our today's response was necessary." Pakistan is a small country facing a big neighbour with aggressive intentions, who even threatened to use nuclear weapons. How could it protect itself from a country having a track record of aggression against Pakistan, he said and added, "India forced Pakistan to embark on the path of nuclear weaponization." To a question if Pakistan will carry out any more tests to follow India, he said we will do what is necessary for our own defence, for our own security, and for our own sovereignty.