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In response to a news story titled, “Pakistan’s £ 34 million deposited in UK bank at risk” published in The News, today, the Spokesman stated that the amount of £ 34,560,886.15 had been lying with the NatWest Bank, London in the account of Pakistan’s first High Commissioner since 1948. The amount was deposited by the late Nizam of Hyderabad Deccan. Since then, India and a host of legal heirs of the late Nizam had put in their claim to the dormant account.

The Spokesman said that the High Commission for Pakistan in London had been forwarding proposals to Islamabad to settle the issue pending for over 60 years. The latest proposal forwarded by the High Commission was being examined by the concerned Ministries for an early settlement. There was nothing unusual about the High Commission’s proposal. Therefore, any insinuation about the mala fide intention was misplaced, to say the least.

April 10, 2012

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