Sterling releases
2025-08-03
LONDON: Important features of the 1950-51 sterling release Agreement between the United Kingdom and Pakistan are expected to be the recognition of releases to Pakistan over and above last year`s ceiling and increased release during the current period.
Pakistan`s net dollar surplus, which benefited the dollar pool of the sterling area, was maintained in spite of the country`s pressing needs for capital equipment, and it strengthened the argument for a more liberal dollar expenditure during the coming year.
The improved dollar position of the sterling area has also aided wider consideration of Pakistan`s requirements for her industrial development. -Dawn London Office [Meanwhile, as reported by news agencies in New Delhi,] the Bharati Deputy Prime Minister, Sardar Patel, said ... the Government have smashed a plot to assassinate Prime Minister Pandit Jawaharlal Nehru. ... Patel, Bharat`s iron man, told Parliament that Nehru`s life was in danger and said L.P. Bhopathkar, former President of the All-India Hindu Mahasabha, a Hindu militant body, had confessed to a plot to kill Nehru. Sardar Patel said that assassination had been planned last spring... .