The Hague-based court hears Islamabad’s objections to controversial designs of Indian dams
ISLAMABAD – Pakistan on Friday rejected media reports regarding Indian proposal for modification in the Indus Waters Treaty, the water-sharing agreement between nuclear neighbours in South Asia.
Foreign Office Spokesperson Mumtaz Zahra Baloch issued the statement as a Court of Arbitration in the Hague conducted first hearing on Pakistan's objections to the controversial designs of Kishanganga and Ratle Hydroelectric Projects.
The spokesperson said the Court of Arbitration had been set up under the relevant provisions of the Indus Waters Treaty and such media reports should not divert attention from the important proceedings of this Court.
The first two-day hearing will continue to Saturday as Pakistan has reservations on the designs of the 330-megawatt Kishenganga and 850-megawatt Ratle hydropower projects on the Jhelum and Chenab rivers.
Pakistan is of the view that construction of the projects with its own design would damage the irrigation system in the Punjab province.
Under the Indus Water Treaty, which was brokered by the World Bank in 1960, the Sutlej, Beas, and Ravi were allocated to India while the waters of Indus, Jhelum, and Chenab were allocated to Pakistan.
Pakistani rupee inches up against US dollar in the open market on 28 March, 2024.
In the open market, the US dollar was being quoted at 278.4 for buying and 281.4 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.4 | 281.4 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.7 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.70 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
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