Will not accept any modifications or changes in IWT: Pak

December 17, 2016

Islamabad, Dec 17: Pakistan has said it would not accept any modifications or changes in the Indus Waters Treaty after India strongly pitched for bilateral redressal of differences with it while implementing the 56-year-old accord.

indus"Pakistan will not accept any modifications or changes to the provisions of the Indus Waters Treaty (IWT). Our position is based on the principles enshrined in the treaty. And the treaty must be honoured in...letter and spirit," Special Assistant to Prime Minister Tariq Fatemi told Dawn News.

His remarks came after India strongly pitched for bilateral redressal of differences with Pakistan while implementing the Indus Waters Treaty. External Affairs Ministry Spokesperson Vikas Swarup had said on Thursday that given the will, there is no reason why the technical design parameters on which Pakistan has raised objections cannot be sorted out by experts from both sides on projects like Kishenganga.

India believes that these consultations should be given adequate time, Swarup had said. However, Dawn reported that India's request for more time alarmed Pakistan. "Islamabad argued that India used the same strategy on previous occasions, completing a project during the dispute and then insisting that since the project was already complete, it could not be modified," the report said.

The treaty, signed in 1960, gives India control over the three eastern rivers of the Indus basin -- the Beas, Ravi and Sutlej -- while Pakistan has the three western rivers -- the Indus, Chenab and Jhelum. The IWT also sets up a mechanism, the Permanent Indus Commission, which includes a commissioner from each country.

The current dispute revolves around the Kishenganga (330 megawatts) and Ratle (850 megawatts) hydroelectric plants. India is building the plants on the Kishanganga and Chenab rivers, which Pakistan claims violates the IWT.

Tensions over the water dispute increased late last month when Prime Minister Narendra Modi threatened to block the flow of waters into Pakistan, the daily said. Both sides had already completed the process proposed in the IWT and approached the World Bank only after the commission declared it "a dispute" as required, experts were quoted as saying.

"Dragging it through an already exhausted process will not help," an expert said. "Pakistan was seeking a court of arbitration because only the proposed court had the authority to consider both legal and technical aspects of the dispute. A neutral expert could only consider the technical aspects," the daily said.

Pakistan argues that the designs of the two Indian projects violate both legal and technical provisions of the treaty. India, however, has opposed Pakistan's efforts for setting up a court of arbitration.

Earlier this week, the World Bank announced pausing of the two separate processes initiated under the IWT to allow the two countries to consider alternative ways to resolve their disagreements.

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News Network
April 18,2020

Washington, Apr 18: The United States on Friday passed 700,000 confirmed coronavirus cases, according to a tally maintained by Johns Hopkins University.

With the highest number of cases and deaths of any country in the world, the US had recorded 700,282 cases of COVID-19 and 36,773 deaths as of 8:30 pm (0030 GMT Friday), according to the Baltimore-based university.

That marked an increase of 3,856 deaths in the past 24 hours, but that figure likely includes "probable" virus-linked deaths, which had not previously been counted.

This week, New York City said it would add 3,778 "probable" virus deaths to its official count.

The US Centers for Disease Control and Prevention gave a toll Friday night of 33,049 dead, including 4,226 probable virus-linked deaths.

The United States has seen the highest death toll in the world in the coronavirus pandemic, ahead of Italy (22,745 deaths) although its population is just a fifth of that of the US.

Spain has recorded 19,478 deaths, followed by France with 18,681.

Trump announces $19 billion relief for farmers amid COVID-19 epidemic

President Donald Trump on Friday announced a $19 billion financial rescue package to help the agriculture industry weather the staggering economic downturn sparked by measures to defeat the coronavirus.

Trump told a press conference the government "will be implementing a $19 billion relief program for our great farmers and ranchers as they cope with the fallout of the global pandemic."

The program will include direct payments to farmers, ranchers and producers who Trump said have experienced "unprecedented losses during this pandemic."

Agriculture Secretary Sonny Perdue said US farmers have been hit hard by a sharp shift in demand, as schools and restaurants close and more Americans eat at home.

That has disrupted the food supply chain, forcing farmers in many places to destroy dairy output and plow under crops that no longer have buyers.

"Having to dump milk and plow under vegetables ready to market is not only financially distressing, but it's heartbreaking as well to those who produce them," Perdue said.

Perdue said some $3 billion of the money would go to buying produce and milk from such farmers, and redistribute it to community food banks.

Millions of Americans have recently turned to food pantries for meals and groceries after losing their jobs.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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Agencies
April 2,2020
Thailand's controversial king has created a category of his own with his idea of self-isolation.
 
According to reports, King Maha Vajiralongkorn, also known as Rama X, has hired out an entire luxury hotel in Germany, where he has been 'self-isolating' with 20 women.
 
The luxury hotel, the Grand Hotel Sonnenbichl, is in the Alpine resort town of Garmisch-Partenkirchen.
 
The 67-year-old king is self-isolating with his entourage that includes a 'harem' of 20 concubines and several servants, reported Bild.
 
However, it is unclear if his four wives are currently living in the same hotel.

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