Business

DUBAI – The World Bank has urged Pakistan and India to agree to mediation in order to settle on a mechanism for how the Indus Waters Treaty should be used to resolve issues.

In a statement, the World Bank made the appeal informing Pakistan and India that it was responding to their separate proceedings initiated under the Indus Waters Treaty 1960.

Senior Vice President and the Bank’s Group General Counsel Anne-Marie Leroy said the World Bank Group has a strictly procedural role under the Indus Waters Treaty and the treaty does not allow it to choose whether one procedure should take precedence over the other. “This is why we drew the lots and proposed potential candidates for the Neutral Expert today,”.-Online