ISLAMABAD: Dr. Mubashir Hasan, Minister for Finance, Economic Affairs and Development ... announced that declarations regarding foreign exchange and assets abroad total Rs. 12 crore. The Minister told a Press conference ... that the amount includes foreign exchange in the form of cash worth Rs4.5 crores, securities Rs3.0 crore and assets valuing Rs4.5 crore. Dr Mubashir Hasan said out of the total amount of Rs. 12 crore, declared by the deadline of January 15, Rs4.5 crore was in the form of non-repatriable exchange or assets. This amount is held in countries like India, Burma, Ceylon and Tanzania, from where the money or the sale value of the assets cannot be repatriated because of foreign exchange regulations and restrictions imposed by the Governments of those countries. The remaining amount of Rs7.5 crore was repatriable. — News agencies

[Meanwhile, as reported by news agencies in Islamabad,] Pakistan is asking the United Nations Security Council to take steps for implementing its resolution on the Indo-Pakistan conflict in view of the repeated cease-fire violations by India... . The operative paragraph of the Dec 21 resolution demanded strict observance of durable cease-fire and cessation of all hostilities in all areas of conflict until withdrawal took place.

Published in Dawn, January 19th, 2022


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