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Nation has to prepare itself for economic challenge: PM

ISLAMABAD, July 11 (APP): Prime Minister Muhammad Nawaz Sharif on Friday said that the nation has to prepare itself for sacrifices to meet the impact of sanctions as a price for the country's security. The Prime Minister was presiding over a high level meeting with the heads of Nationalized Commercial Banks and business leaders at the Prime Minister House here . Nawaz Sharif said, the Government would give every facility to industrialists and exporters in order to revive the country's industry and expand and enhance exports on massive scale. The meeting also considered at length the problem of defaulted loans of Banks and DFls alongwith the overdue utility bills of certain individuals and organisations. It was urged that stern action should be initiated against all major defaulters by confiscating their properties and putting them on auction. Buyers of such properties will be given protection from probe or question relating to sources of their income.

Yaqub pays hectic visit to Washington

ISLAMABAD, July 11 (APP)- Sahabzada Yaqub Khan, former Foreign Minster of Pakistan visited Washington, DC as Special Envoy of the Prime Minster of Pakistan, from July 6-9. During his stay in Washington, the Special Envoy met with senior officials of the State Department at the highest level, important members of U.S. Congress and prominent members of think tanks and intellectualsc, says an official report here Friday. The special Envoy also delivered a letter by Prime Minister Nawaz Sharif addressed to President Clinton. Sahabzada Yaqub Khan's talks at the State Department "were not in the nature of negotiations but were meant to exchange views on the regional situation and Pakistan-US bilateral relations." During the talks, Sahabzada Yaqub Khan discussed the centrality of the core issue of Jammu and Kashmir as well as vital security issues involving nuclear proliferation in the aftermath of recent nuclear tests. The discussions were extremely useful in promoting understanding of Pakistan's view point on vital issues and in facilitating future consultations between the two sides.

Clinton names William B. Milam as US Ambassador to Pakistan

WASHINGTON July 11 (APP): President Clinton has announced his intention to nominate William B.Milam as U.S. Ambassador to Pakistan. Ambassador Milam, a Career Member of the Senior Foreign Service, is currently Chief of Mission at the U.S. Embassy in Monrovia, Liberia. He previously served overseas as U.S. Ambassador to Bangladesh, Deputy Chief of Mission of the U.S. Embassy in Yaounde, Cameroon, and in a number of other positions with the Department of State.

Indian blasts compelled Pakistan to go nuclear: Zaki

DHAKA, July 11 (APP): Special envoy of Pakistan Prime Minister Nawaz Sharif Senator Muhammad Akram Zaki has emphasised on the solution of Kashmir issue for ensuring durable peace in the South Asian region. He was talking to mediamen at the residence of Pakistan High Commissioner in Bangladesh Karam Elahi, Friday. In his speech before journalists Senator Zaki said qualitatively new changes have occured in South Asia since May after India's detonation of nuclear bombs. He said South Asian Region belongs to the poorest region of the world with the largest population, yet we experience hegemonistic approach instead of cooperative approach,''. ''Our Prime Minister attaches great importance to economic and social development and has met his Indian counterpart several times to resolve outstanding issues that hinder cooperation, but the Indians create misturst and conflicts,'' he said.

U.S. Commerce Official on India, Pakistan Sanctions

WASHINGTON, July 11 (APP): R.Roger Majak, Assistant Secretary of Commerce for export administration, says the aim of U.S. trade and investment sanctions imposed on India and Pakistan should be to encourage more responsible Nuclear behaviour, not to isolate the two countries from the world community. "Sanctions should not... treat them as Pariahs, "Majak said in July 7 remarks to a group of U.S. exporters at the department's annual "Update 98" conference. "The sanctions should not constitute punishment for punishment's sake by inflicting needless damage on the general population or on peaceful business relationships with the United Sates." He said that the sanctions need to respect India and Pakistan's legitimate conventional national security interests. "It would obviously be a huge mistake to attempt to limit conventional capabilities to the point that these countries might be forced to consider nuclear weapons their first or only military option," he said.