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SHAHNAWAZ ENGINEERING (PVT.) LTD., KARACHI THROUGH CHAIRMAN versus MESSRS NATIONAL INSURANCE CORPORATION

By recovering the difference of local64 local currency valuation exchange rate, the defendant agreed to provide air conditioning and ventilation equipment to the defendants, the goods to be provided were to be imported and the prices agreed between the parties. Foreign exchange against Pakistan was at a certain rate. Prior to the delivery of currency instruments, certain policies of the Government of Pakistan led to an increase in the exchange rate, which resulted in an increase in the cost of equipment. The goods were supplied by the defendant on the assurance of the defendant. Was that, after the delivery of the goods, the defendant refused to pay the exchange rate increase, unless otherwise agreed, the seller under section 64A of the Goods Sales Act 1930 Cannot be allowed to seize the legal rights of, in order to recover the excess paid in this regard. Responsible for paying the difference in cost of goods due to reduction or decrease in value of Pak Rupees in exchange for foreign currency after the implementation of contract D and duty, excise, or tax increase. Was, moreover, where the contract was quoted in relation to the date of the date based on the exchange rate. Any action against the plaintiff on such factors as a result of the State's action or policy against foreign currency, or due to international financial and economic misery, against the foreign currency, the value of the local currency or the depreciation agreement. No control because the claimant had no control or influence of the local currency's value reduction or collapse, or it was not shown immigration advocates contact from Khushal Kot lawyer