DETAILS of the agreement reached between the Governments of Pakistan and the Indian Union at the recent inter-Dominion conferences at Lahore and Delhi were released in Karachi in a statement issued by the Cabinet Secretariat on Friday [Dec 12]. All outstanding issues relating to cash balances, sterling balances, uncovered debt, validation of assets, Pakistan`s share of the public debt and military stores have been settled.

Pakistan will get under these arrangements Rs 75 crores out of the cash balances of the undivided Government of India, which amounted to Rs 400 crores. Pakistan`s share of the uncovered debt has been fixed at 17 1/2 per cent. Book values will be adopted for the valuation of the assets taken over by the two Governments. In the case of strategic railways, the book value is being written down by about 50 per cent to a figure of Rs 14.45 crores.

It has been agreed that the payment of debt by Pakistan to India will be done in Indian rupees in 50 annual equated instalments, with an initial moratorium of four years. Pakistan`s share of military stores will be one-third of the stocks held in India and Pakistan on the date of partition... . Dawn Special Correspondent