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
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
March 26,2020

London, Mar 26: British Prime Minister Boris Johnson has said that the country's NHS risks becoming "overwhelmed" by the coronavirus outbreak and that the situation in Britain is just two or three weeks behind Italy.
"The numbers are very stark, and they are accelerating. We are only a matter of weeks -- two or three -- behind Italy," Johnson said, as reported by CNN.
"The Italians have a superb health care system. And yet their doctors and nurses have been completely overwhelmed by the demand. The Italian death toll is already in the thousands and climbing.
He added, "Unless we act together unless we make the heroic and collective national effort to slow the spread -- then it is all too likely that our own NHS will be similarly overwhelmed,"
"That is why this country has taken the steps that it has, in imposing restrictions never seen before either in peace or war." He said.
The problem reached a crunch point in the UK, which has dramatically increased its response to the virus outbreak this week.
Food banks that provide a lifeline for some of the estimated 14 million in poverty are running low on volunteers, many of whom have been forced to self-isolate, as well as the food itself, which is in short supply following panic-buying.
The UK has confirmed more 9,600 cases of the deadly virus with 460 deaths.
The global tally of cases has crossed 487,000 as on Thursday with 22,030 deaths globally as per the data presented by the Johns Hopkins University.

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News Network
February 19,2020

Beijing, Feb 19: The death count from China's new coronavirus epidemic jumped to 2,000 on Wednesday after 132 more people died in Hubei province, the hard-hit epicentre of the outbreak.

In its daily update, the province's health commission also reported 1,693 new cases of people infected with the virus.

This brings the total number of cases in mainland China past 74,000.

Most of the cases are in Hubei, where the virus first emerged in December before spiralling into a nationwide epidemic.

Wednesday's jump in the death count was an increase on Tuesday's figures, although the number of new cases reported in Hubei were the lowest for a week.

A study released by Chinese officials claimed most patients have mild cases of the illness.

Outside of hardest-hit Hubei, which has been effectively locked down to try to contain the virus, the number of new cases has been slowing and China's national health authority has said this is a sign the outbreak is under control.

President Xi Jinping, in a phone call with the British prime minister, said China's measures were achieving "visible progress", according to state media Tuesday.

However, the World Health Organization has cautioned that it was too early to tell if the decline would continue.

On Tuesday the director of a hospital in the central Hubei city of Wuhan became the seventh medical worker to succumb to the COVID-19 illness.

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