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Saturday, October 10, 1998

Pak House passes Shariat Bill
Pakistan's National Assembly, which is dominated by the ruling PML-N party, overwhelmingly voted yesterday morning to pass the Shariat Bill, which will pave the way for the Nawaz Sharif government acquiring sweeping powers to interpret and impose laws based on interpretations of the Holy Quran, the Muslim holy book.

Inderfurth asks Pakistan to persuade Taliban
United States assistant secretary for South Asia Karl F Inderfurth has urged Pakistan, which he noted is a supporter of Taliban, to persuade the Afghan militia to negotiate a political settlement for a broad-based government in Afghanistan.

Stricken Lankan forces see Tigers in the air
After the recent feat of the Liberation Tigers of Tamil Eelam (LTTE), people are willing to buy any story about the separatist group. The latest is that Velupillai Prabhakaran has built an air force.


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  World Briefing
  Tigers take to the air, thanks to rumours
  Embassy bombing
  Islamic bill will end "jungle law" says Sharif
  Of love and hate
  Clinton strikes a serene pose
  People
  Amex to announce new Asia card allies
  Sumitomo Trust backs away from LTCB merger
  Packard Bell to cut US work force
  Yahoo! dips 12% despite jump in profits
  Citigroup sees Q3 net down by 50%
  Malaysia calls for Habibie appearance at APEC summit
  Sanyo to cut capital spending by 38%
  No UK recession if rates come down fast
  World Briefing
  China struggles to support domestic oil sector
  Thailand sugarcane crop likely to decline; seen at 42 million tonnes
  Russian wheat crop seen at 56 million tonnes
  Persisting attacks on Nigerian oil companies lower production
  EU raises molasses import duty
  Thailand to import palm oil
  World sugar output to touch 130 million tonnes
  Singapore meet of world leaders to focus on Asia woes
  IMF prescribes 5 key dosages to reform global economic structure
  "Plastic industry must change mindset"
  Market to hold on to 2,800 points for a while
  Dollar drop may threaten Japan companies' profits
  Private banks underplay '96-97 bad-loan figures
  IDBI to pump Rs 1,100cr RIB funds into infrastructure sector

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