THE question of the division of the sterling balances between Pakistan and the Indian Union has, it is learnt, been referred to the Arbitrate Tribunal set up recently with the concurrence of both the Governments. The Partition Council could not come to an agreement on the subject.

… The Pakistan Government find no difficulty in meeting the current demand, as Pakistan has a favourable balance of trade. Regarding internal currency, the Pakistan Government will start using currency notes superimposed [with] “Government of Pakistan”, from April 1948, only. In the meantime, designs for Pakistan currency notes and coinage will be worked out, and after final approval by the Cabinet, new notes and coins will be put into circulation about the end of 1948. Mr Mumtaz Hassan, a senior officer of the Indian Audit and Account Service, has been already sent to the Reserve Bank of India, Bombay to study the system.

[It was also reported that] The Pakistan Gov­e­rnment have taken up a number of urgent and pressing problems which call for immediate solution. It is reliably learnt that one of these proble­­ms is concerning the NWFP, where an anomalous position still obtains. The Pakistan Government are understood to have taken a very serious view of the deliberate absence of the Frontier Minis­ters at the flag hoisting ceremony at Peshawar. This is regarded as an affront to the national flag and to the Central Government.

Published in Dawn, August 21st, 2022

Opinion

Editorial

Worsening hunger
Updated 08 Dec, 2022

Worsening hunger

THAT the dollar liquidity crunch has started hurting the import of essential items such as vegetables and raw...
Bannu beheading
Updated 08 Dec, 2022

Bannu beheading

The state must take up the cudgels and neutralise barbarism before it spreads.
Smog misery
08 Dec, 2022

Smog misery

IF 2022 has taught us anything, it is that generations of reckless disregard for Mother Nature has accrued very ...
Disquiet on the western front
Updated 07 Dec, 2022

Disquiet on the western front

IT is very difficult for Pakistan to be delinked from Afghanistan, because of reasons of geography and history.
Fuel from Russia
07 Dec, 2022

Fuel from Russia

THE apparent headway made with Russia for the purchase of its crude oil, petrol and diesel at discounted prices is a...
More women SHOs
07 Dec, 2022

More women SHOs

IT is encouraging to see more employment avenues opening up for women in Pakistan, with an increasing number of...