AIRLINK 213.78 Increased By ▲ 4.23 (2.02%)
BOP 10.52 Increased By ▲ 0.06 (0.57%)
CNERGY 7.17 Decreased By ▼ -0.18 (-2.45%)
FCCL 34.29 Decreased By ▼ -0.10 (-0.29%)
FFL 18.13 Increased By ▲ 0.08 (0.44%)
FLYNG 22.85 Decreased By ▼ -0.07 (-0.31%)
HUBC 130.60 Decreased By ▼ -1.89 (-1.43%)
HUMNL 14.21 Increased By ▲ 0.07 (0.5%)
KEL 5.03 No Change ▼ 0.00 (0%)
KOSM 7.06 Decreased By ▼ -0.01 (-0.14%)
MLCF 44.69 Decreased By ▼ -0.51 (-1.13%)
OGDC 218.45 Increased By ▲ 0.07 (0.03%)
PACE 7.65 Increased By ▲ 0.07 (0.92%)
PAEL 42.00 Increased By ▲ 0.30 (0.72%)
PIAHCLA 17.36 Increased By ▲ 0.06 (0.35%)
PIBTL 8.89 Increased By ▲ 0.34 (3.98%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 187.69 Decreased By ▼ -1.34 (-0.71%)
PRL 41.47 Decreased By ▼ -0.86 (-2.03%)
PTC 25.50 Increased By ▲ 0.33 (1.31%)
SEARL 102.00 Decreased By ▼ -1.96 (-1.89%)
SILK 1.04 Increased By ▲ 0.01 (0.97%)
SSGC 41.03 Increased By ▲ 1.79 (4.56%)
SYM 19.20 Increased By ▲ 0.04 (0.21%)
TELE 9.20 Decreased By ▼ -0.04 (-0.43%)
TPLP 12.80 Decreased By ▼ -0.30 (-2.29%)
TRG 69.10 Decreased By ▼ -0.08 (-0.12%)
WAVESAPP 10.66 Decreased By ▼ -0.06 (-0.56%)
WTL 1.89 Increased By ▲ 0.18 (10.53%)
YOUW 4.17 Increased By ▲ 0.03 (0.72%)
BR100 12,094 Increased By 14.3 (0.12%)
BR30 36,549 Decreased By -53.7 (-0.15%)
KSE100 116,202 Increased By 149.7 (0.13%)
KSE30 36,628 Increased By 50.6 (0.14%)

Foreign Office (FO) said on Wednesday that Pakistan is closely examining all aspects of the detailed judgment of a UK's court in the Hyderabad Fund Case and will take further action in the light of legal advice received. "Pakistan has taken note of the judgment by the High Courts of Justice of the UK in the Hyderabad Fund Case, Wednesday, after a two weeks trial in June 2019. The judgment rejects the longstanding claims of the two major parties and upholds the claims of the heirs of Nizam of Hyderabad," said Foreign Office Spokesperson Dr Mohammad Faisal.
He said that the ruling does not take into account the historical context of the transfer when India illegally annexed Hyderabad in violation of international law and all civilised norms, leading the Nizam of Hyderabad to make desperate efforts to defend his people and the state from Indian invasion.
He pointed out that the Nizam also raised the matter with the UN Security Council where the issue remains on the agenda to date. The Nizam as a sovereign approached Pakistan for assistance which the government of Pakistan provided, he added. "Pakistan is closely examining all aspects of the detailed judgment and will take further action in light of legal advice received," the spokesperson added.
A British court on Wednesday ruled in favour of India and Nizam's descendants, rejecting Pakistan's decades-old claim on a sum of one million pounds, which was transferred in 1948 to Pakistan's High Commissioner's account by the then ruler of Hyderabad for "safe-keeping". "Nizam VII (Mir Osman Ali Khan) was beneficially entitled to the fund and those claiming in right of Nizam VII - the Princes and India - are entitled to have the sum paid out to their order," Justice Marcus Smith of the Royal Courts of Justice in London ruled.

Copyright Business Recorder, 2019

Comments

Comments are closed.