The Indus Water Treaty was signed by Pakistan and India in 1960 with the World Bank as a third party to ensure the implementation of the accord. It had settled the 13-year-long water dispute between the two neighboring states.
The treaty has withstood three large-scale wars and the 1999 Kargil conflict between Pakistan and India, however, India hinted it unilateral abrogation of the IWT after September 18 Uri attack which claimed lives of 18 Indian troops in the Occupied Kashmir.
Indian Prime Minister Narendra Modi also chaired a top level meeting in New Delhi to review the agreement last week. No clear statement was released about the annulment of the Indus Water Treaty after the meeting.
Responding to the queries of the Dawn newspaper, a spokesperson for the US State Department said: "The Indus Waters Treaty has served as a model for peaceful cooperation between India and Pakistan for over 50 years."
"We hope and encourage India and Pakistan to resolve any differences through bilateral dialogue,” the US official was further quoted as saying by the newspaper.
Pakistani officials have already approached the World Bank officials in Washington to counter any Indian move to withdraw the Indus Water Treaty. Pakistan said any move to revoke the IWT agreement would be a violation of international laws.
Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers ...
KARACHI – Pakistani rupee, which is facing blows in the open market, remained stable against the US dollar, in the inter-bank market on Wednesday.
The local currency moved slightly upward during the opening hours of trading in the inter-bank market. Before noon, PKR was hovering around 285.22, with a slight increase of Rs0.13.
As the situation remained under control in the interbank market, the rupee hits a fresh record low in the open market and was selling at 315 per dollar.
In a recent development, the IMF mission chief shared positive news, confirming that talks are underway with Pakistani authorities. The resumption of the IMF programme remains important for the crisis-hit country.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 232,300||PKR 2,485|
|Karachi||PKR 232,300||PKR 2,485|
|Islamabad||PKR 232,300||PKR 2,485|
|Peshawar||PKR 232,300||PKR 2,485|
|Quetta||PKR 232,300||PKR 2,485|
|Sialkot||PKR 232,300||PKR 2,485|
|Attock||PKR 232,300||PKR 2,485|
|Gujranwala||PKR 232,300||PKR 2,485|
|Jehlum||PKR 232,300||PKR 2,485|
|Multan||PKR 232,300||PKR 2,485|
|Bahawalpur||PKR 232,300||PKR 2,485|
|Gujrat||PKR 232,300||PKR 2,485|
|Nawabshah||PKR 232,300||PKR 2,485|
|Chakwal||PKR 232,300||PKR 2,485|
|Hyderabad||PKR 232,300||PKR 2,485|
|Nowshehra||PKR 232,300||PKR 2,485|
|Sargodha||PKR 232,300||PKR 2,485|
|Faisalabad||PKR 232,300||PKR 2,485|
|Mirpur||PKR 232,300||PKR 2,485|
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