logo
Indus Treaty suspension dries up key Pakistan dams

Indus Treaty suspension dries up key Pakistan dams

Hans India03-06-2025
New Delhi: India's suspension of the Indus Water Treaty as part of several punitive measures against Pakistan has hit hard the agriculture sector in the neighbouring country with farmers there staring at a bleak kharif (summer crops) sowing season owing to major dip in live storage at its two key dams - Mangla on river Jhelum and Tarbela on Indus. The two dams play a crucial role in providing water for irrigation in Punjab and Sindh provinces of Pakistan and generating hydropower.
The situation is likely to further aggravate this month during early kharif sowing, officials said. Alarmed by the grave threat, Pakistan Prime Minister Shehbaz Sharif has tried to raise concerns at an International Conference on Glaciers' Preservation to draw global attention to India's decision to suspend the Indus Waters Treaty.
"India's unilateral and illegal decision to hold in abeyance the Indus Waters Treaty, which governs the sharing of the Indus Basin's water, is deeply regrettable," Pakistani newspaper Dawn quoted Sharif as saying.
As per latest estimates by Pakistan's Indus River System Authority (IRSA), Pakistan is facing an overall shortage of 21% in water flow and around 50% in live storage of the two key dams. The IRSA in its statement "noted with concern" that the "sudden decrease in river Chenab inflows at Marala due to short supply by India would result in more shortage in early kharif season".
India, however, has asked Pakistan to stop blaming it for the breach of the Indus Water Treaty.
Addressing the plenary session of the first UN conference on glaciers in Tajikistan's Dushanbe on Friday, Minister of State for Environment Kirti Vardhan Singh said that Pakistan itself was violating the treaty through terrorism. "We are appalled at the attempt by Pakistan to misuse the forum and to bring in unwarranted references to issues which do not fall within the purview of the forum. We strongly condemned such an attempt," he said. Singh said it is an undeniable fact that there have been fundamental changes in circumstances since the Indus Waters Treaty was signed, which requires a reassessment of the treaty's obligations.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FATF Team To Visit Pakistan Amid Terror Funding, Hawala Networks Complaints: Source
FATF Team To Visit Pakistan Amid Terror Funding, Hawala Networks Complaints: Source

News18

timean hour ago

  • News18

FATF Team To Visit Pakistan Amid Terror Funding, Hawala Networks Complaints: Source

The upcoming review will assess Pakistan's compliance with 34 action points agreed upon with FATF and APG in 2022 A delegation from the Financial Action Task Force (FATF), along with the Asia Pacific Group (APG), is likely to visit Pakistan in August for a monitoring and evaluation review, following multiple complaints to FATF regarding Islamabad's alleged role in terror financing and the resurgence of grey money markets. A senior FATF source told CNN-News18 that the watchdog has raised concerns over Pakistan emerging as a hub for hawala-hundi operations, with Afghan and Iranian smugglers reportedly using its grey markets to transfer US dollars. The source further said that the Inter-Services Intelligence (ISI) is allegedly manipulating foreign exchange dealers to carry out large, illegal transactions outside formal banking systems. The upcoming review will assess Pakistan's compliance with 34 action points agreed upon with FATF and APG in 2022. During the visit, the team is also expected to meet senior officials from the Ministry of Finance, State Bank of Pakistan, Securities and Investment Finance Commission (SIFC), Federal Board of Revenue (FBR), Federal Investigation Agency (FIA), intelligence agencies, and other key institutions. According to intelligence reports, Pakistan's security agencies, including the ISI, Military Intelligence (MI), and the Intelligence Bureau (IB), are allegedly involved in hawala operations. The reports further claim that in the last two weeks, senior Pakistani army intelligence officers, including ISI Director General Major General Faisal Naseer, met with forex dealers in an attempt to hide financial trails and avoid potential disclosures to FATF inspectors. Additionally, New Delhi has filed several complaints with FATF, especially after the Pahalgam terror attack in April 22, the source revealed. The most recent complaint relates to a public post by Pakistan's Interior Minister Mohsin Naqvi on social media platform X. In the post, Naqvi accused a senior government official in Khyber Pakhtunkhwa (KP) of paying ransom money to the Taliban. The post was made in response to KP Chief Minister Ali Amin Gandapur's criticism of ISI operations and potential military action in the province. The FATF visit in August will be critical. The outcomes of its preliminary assessment will determine whether Pakistan once again risks being placed on the FATF 'grey list'. The country has previously been grey-listed three times: from February 2008 to June 2010, February 2012 to February 2015, and from June 2018 to October 2022. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Donald Trump to help Pakistan build ‘massive oil reserves'! How much known crude oil does it have & how does that compare to India? Top points to know
Donald Trump to help Pakistan build ‘massive oil reserves'! How much known crude oil does it have & how does that compare to India? Top points to know

Time of India

timean hour ago

  • Time of India

Donald Trump to help Pakistan build ‘massive oil reserves'! How much known crude oil does it have & how does that compare to India? Top points to know

Exactly which 'massive oil reserves' Trump is referring to is yet unclear. (AI image) US President Donald Trump wants to develop 'massive oil reserves' with Pakistan, and has even said that India may end up being a potential buyer of this oil. Soon after announcing 25% tariffs on India, Trump revealed a trade deal with Pakistan. Exactly which 'massive oil reserves' Trump is referring to is yet unclear. "We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves," Trump posted on Truth Social. "We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they'll be selling oil to India some day!,' Trump said. Despite Pakistan's persistent claims about significant coastal petroleum deposits, no substantial progress has been made till date in extracting these resources. Pakistan continues its efforts to attract investment for resource exploitation. Also Read | 'India set to be third largest economy', says Piyush Goyal after Donald Trump's 'dead economy' jibe; reiterates national interest important Currently, Pakistan relies on petroleum imports from Middle Eastern nations to satisfy its energy requirements. Oil imports actually make up Pakistan's largest import expenditure at $11.3 billion for the fiscal year ending June 30, 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn More - How Donating Sperm May Support Your Income SpellRock Undo According to central bank statistics, this is around 20% of Pakistan's total import expenses. Pakistan's Oil Reserves & 'Discoveries' Based on various assessments, Pakistan's proven conventional crude oil reserves range between 234 million and 353 million barrels, according to a Reuters report. It is ranked 50th globally in crude oil reserves, the report said. To put things in context, the world's largest crude oil reserves are known to be with Venezuela, at 3,03,221 million barrels, according to latest OPEC data. As of 2024, India has known crude oil reserves of 4,981 million barrels, which is over 10 times that of Pakistan. Pakistan's track record in offshore oil exploration has been disappointing. Also, even though it has huge shale oil potential, Pakistan has not ventured into shale oil extraction. A study conducted by the US Energy Information Administration in 2015 indicated that Pakistan has technically recoverable shale oil resources of 9.1 billion barrels, the Reuters report said. In June, the Pakistani national exploration company claimed it had found fresh deposits of oil and gas in the province of Sindh. The Oil & Gas Development Company, which is owned by the state, identified the new reserves in early December at the Faakir-1 wildcat well in Kharo. Also Read | Donald Trump tariffs: Why India's stock market has not crashed, is resilient even after 25% tariff announcement - explained The discovery was made after drilling to a depth of 4,185 metres, the well tested at 6.4 million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation, according to a PTI report quoting an official. Last year, Pakistan claimed that a significant discovery of oil and natural gas reserves has been made within Pakistan's maritime boundaries. Pakistan had claimed that the potential reserves were so extensive that their development could transform the country's future. A comprehensive underwater survey spanning three years, backed by assistance from a "friendly country," detected substantial underwater formations bearing signatures of oil and gas deposits. These findings, however, remain unverified at present. According to an ET report, without commercial drilling operations, there is no confirmation of the existence, magnitude or grade of these resources. The Indus Basin's structural geology, influenced by tectonic movements and abundant in mudstone deposits, presents favourable conditions for hydrocarbon discoveries. Whilst seismic data analysis indicates substantial source rocks and potential reservoirs, Pakistan's offshore sector has yet to achieve successful extraction. Previous ventures, including the Kekra-1 drilling project have proved unsuccessful. Also Read | 'Trump frustrated with India trade talks…': US President feels 25% tariff will 'remedy' the situation, says adviser; additional penalty for Russia trade 'shortly' Trump's Trade Deal Announcement: How Pakistan Reacted Pakistan's Prime Minister Shehbaz Sharif expressed gratitude to Trump via social media regarding the "historic" trade agreement, indicating optimism about enhanced bilateral cooperation. "I extend my deepest gratitude to President Trump @realDonaldTrump for his pivotal role in securing the significant US-Pakistan trade agreement, which our representatives finalised in Washington, last night," he posted on X. "This significant agreement will strengthen our collaborative efforts and broaden the scope of our lasting partnership in the future," he stated. The agreement was concluded at a meeting in Washington, DC, involving Pakistan's Finance Minister Muhammad Aurangzeb, US Secretary of Commerce Howard Lutnick, and US Trade Representative Ambassador Jamieson Greer, PTI reported Radio Pakistan as saying. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

Trump is sold on Pak oil. But where's the oil?
Trump is sold on Pak oil. But where's the oil?

India Today

timean hour ago

  • India Today

Trump is sold on Pak oil. But where's the oil?

The only time oil makes news in Pakistan is because of an increase in already-high fuel prices, like earlier in July, or smuggling from Iran. After selling President Donald Trump a Nobel dream, Pakistan seems to have sold his oil dream. Oil it doesn't have. Otherwise, why would Pakistanis be paying 272 rupees for a litre of petrol?A day after declaring a 25% import duty and penalty on Indian products, Trump seemed to rub it in by announcing that the US had concluded a deal, whereby Islamabad and Washington would work together to develop Pakistan's "massive oil reserve".advertisement"Who knows, maybe they [Pakistan] will be selling oil to India some day," Trump posted on Truth Social. The hoax of the "massive oil reserve" owes its origins to former Pakistan PM, Imran March 2019, Imran Khan announced a "possible massive find" offshore. It was touted as "Asia's largest oil and gas reserve".Hours after Khan's announcement, the Petroleum Division denied it, saying the drill did not yield the desired results, according to a 2024 report in the Karachi-based Dawn report says that ExxonMobil, ENI, Pakistan Petroleum Limited, and Oil & Gas Development Company Limited drilled beyond 5,500 metres but didn't find oil or gas reserves."The drilling work has now been abandoned," an official then told the imaginary, unproven massive offshore find. Pakistan's proven oil reserves are estimated at approximately353.5 million barrels as of 2016, ranking it 52nd on the list of countries with petroleum in the is just 0.021% of the global oil in contrast, which is the world's third-largest crude oil consumer, India, has around 4.9 billion barrels of oil reserves, ranking among the top 25 is approximately 0.29% of the world's total oil Pakistan, at current consumption rate, its reserves would cover less than two years without make matters even more complicated for Pakistan, most of its oil reserves are in Balochistan, the resource-rich province that has risen in rebellion against the Islamabad-Rawalpindi was widespread anger in Pakistan in July when petrol prices were revised upwards by 5.36 Pakistani rupees a litre to 272.15 PKR a litre, reported news agency ANI. Pakistanis asked why the increase in fuel prices while crude prices in global markets had gives two hoots to facts and truths. Massage his ego, and sell him a dream, and Trump is all Trump family has also fallen for Pakistan's cryptocurrency pitch. That's the crypto dream of a country whose economy survives on the begging total goods trade with Pakistan was estimated at $7.3 billion in 2024, according to a Reuters bilateral trade stands at $129 billion, according to US Trade Representative America's need for its lapdog Pakistan is more strategic than for trade, the mention of "massive reserves" of oil in Trump's post only makes one wonder the nature of oil that Islamabad has used for Trump's tel maalish.- EndsTune InMust Watch

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store