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Pakistan wins case against India in English Court for receipt of Partition funds

12:40 AM | 22 Jun, 2016
Pakistan wins case against India in English Court for receipt of Partition funds
LAHORE (Web Desk) – The English High Court on Tuesday rejected India's attempt to strike out Pakistan's claim to the Hyderabad Fund, a bank account set up by the British government after Partition in the name of the High Commissioner of Pakistan.

This was revealed in a press statement issued by the Foreign Office.

“The 75-page judgment of Henderson J is a clear vindication of Pakistan’s principled stance, and the effective legal strategy being pursued by the new legal team,” said a statement issued by FO spokesperson Nafees Zakaria.

India had challenged Pakistan's claim to GBP 35 million kept in a bank account in the name of the High Commissioner of Pakistan since 20th September 1948. The money was transferred from Nizam-e-Hyderabad for Pakistan before capture of his state by India.

“The Judge accepted that there was good evidence in support of Pakistan’s claim to the monies, which needed to be fully considered at a trial. The Judge also accepted that there were good legal arguments which were supportive of Pakistan’s position,” the communique said.

New Delhi will now face a substantial cost claim, as a result of losing its applications.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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