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Pakistan owes Rs 300 crore to India as pre-partition debt share

NEW DELHI: Soon after the country's independence, Mahatma Gandhi resorted to a fast to force the Government to pay Rs 50 crore to Pakistan, but Islamabad still owes New Delhi Rs 300 crore as its share of pre-partition debt.

The Economic Survey for 2006-07 tabled in Parliament on Tuesday noted that an amount of Rs 300 crore was due from Pakistan on account of its share of pre-partition debt.

However, the Indian government has not added any interest to this amount, perhaps as a goodwill gesture, and the neighbouring country's debt burden would otherwise have increased manifold.

The amount stood at Rs 300 crore in the 1990-91 Survey as well. It has not been written off from the Government accounts in the hope that Pakistan may one day consider it fit to repay the historical debt. - PTI


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Added: Mar-23-2009 Occurred On: Mar-23-2009
By: fatality09
In:
News
Tags: Pakistan, survives on, leftovers, of rich, nations
Location: New Delhi, Delhi, India (load item map)
Marked as: approved
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