1) Sanctions did NOT affect Nawaz Sharif's government. The sanctions that affected the economy were placed AFTER the tests in 1998. They did not start until 1999, when Musharraf took over, but anyway they were quickly stopped after Musharraf had taken over anyway
2) There were NO economic sanctions of Pakistan before 1998. There were MILITARY sanctions only. These affected Pakistan's import of F-16s and so on. But their trade with the US even was not affected under both Bhutto and NS.
You fail to reaslize that it is the americans that get you access to large amounts of funds from the World Bank and the IMF .
Indirect sanctions relating to the nuclear issue affected pakistan in all area's.
Do get a deeper understanding of whats going on.
WASHINGTON, SEPT 24: Economic sanctions imposed by the Clinton administration following the May 1998 nuclear tests in South Asia "appear to have had a relatively minimal overall impact on India and a minimal but somewhat more pronounced adverse impact on Pakistan," a US government report has said.
The report, prepared by the US International Trade Commission for the US Congress, says quantitative estimates indicate that economic effects of the Glenn Amendment (under which sanctions were imposed) are likely to be small for all countries involved: the United States, India, and Pakistan. For the United States, the sanctions impose a total cost of $ 161 million. For India and Pakistan, the sanctions impose total costs of $ 320 million and $ 57 million, respectively, the report said.
The figures suggest that while the sanctions were intended to hurt New Delhi to a greater degree, its more robust economy weathered the situation better. Clinton administration officials said openly last year that the sanctionswere being calibrated in such a way as to punish the larger power to a greater degree.
Based on a telephone survey of over 200 American companies and associations, the report found that U.S. companies most affected by the sanctions were those involved in the sale of wheat and certain other agricultural products; industrial machinery; transportation, construction, and mining equipment; electronics products; and infrastructure development services.
Specifically, the report said recent trade data indicate that reimposition of the agricultural component of the sanctions (which was waived recently) most likely would adversely affect U.S. wheat exports to Pakistan, which is an important customer for white wheat grown in the U.S. Pacific Northwest states and which relies on USDA export credits for such purchases. India, which is self sufficient in food, does not buy grain from the U.S.
While the check list hurt Pakistan more, the loss of trade and project finance support from the U.S. Export-Import Bank andthe Overseas Private Insurance Corporation, as required by the Glenn Amendment sanctions, particularly hindered the ability of some U.S. companies to operate in India. The Commission received several reports that this may have contributed to the perception of U.S. companies as unreliable international suppliers, the report said.
The report also said humanitarian activities in India and Pakistan appear minimally affected because the Glenn Amendment sanctions do not apply to the provision of food, humanitarian aid, and medicines and medical equipment. However, for both countries it is difficult to isolate the effects of the U.S. sanctions from other concurrent economic events, such as each country's domestic economic policies or economic sanctions imposed by other countries.
Sanctions lifted as US rewards Pakistan
Sanctions lifted as US rewards Pakistan | Special reports | Guardian Unlimited
Luke Harding and Rory McCarthy in Islamabad
Monday September 24, 2001
The Guardian
Pakistan welcomed a decision yesterday by the United States to lift economic sanctions imposed in 1998 as a punishment for the country's ambitious nuclear programme.
President Bush lifted sanctions against Pakistan over the weekend in apparent recognition of its support in the fight against terrorism.
Did you read the bit that said "economic sanctions"
CNN - Pakistan won't sign treaty until economic sanctions end - December 4, 1998
Pakistan won't sign treaty until economic sanctions end
December 4, 1998
Web posted at: 1:14 a.m. EDT (0114 GMT)
WASHINGTON (CNN) -- Pakistan's Prime Minister Nawaz Sharif says his country will not sign the Comprehensive Test Ban Treaty (CTBT) until all remaining economic sanctions imposed on Pakistan are lifted.
Again it mentions "economic sanctions"
