Pakistan delegation arrives in New Delhi for Indus water commissioners' meetings

Pakistan's Commissioner for Indus Waters (PCIW) Syed Muhammad Mehar Ali Shah (R) walks with Indian Indus Water Commissioner Pradeep Kumar Saxena (2R) on his arrival for a meeting to discuss Indus Waters Treaty and other issues, after crossing Wagah Border in Pakistan on August 28, 2018. (AFP/File)
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Updated 22 March 2021
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Pakistan delegation arrives in New Delhi for Indus water commissioners' meetings

  • Islamabad and New Delhi to discuss host of issues including Islamabad’s concerns over construction of Indian upstream dams
  • Indus water commissioners from both nations are required to meet at least once a year, they are meeting after over 2.5 years

ISLAMABAD: A Pakistani delegation arrived in New Delhi on Monday for a meeting of the Indus water commissioners of Pakistan and India, local and Indian media reported, in which a host of issues including Islamabad’s concerns over the design and construction of a number of Indian upstream dams and irrigation plans will be discussed. 

The delegation, led by Pakistan’s Indus water commissioner Mehr Ali Shah, will hold two-day talks with the Indian team led by Pradeep Kumar Saxena. The meetings will take place after a gap of around two and half years. The last meeting took place in Lahore in August 2018.

"The talks are being held against the backdrop of a thaw in bilateral relations," Indian newspaper Hindustan Times reported.

As per the provisions of the Indus Waters Treaty between the two nuclear-armed neighbors, their water commissioners are required to meet at least once a year, alternately in Pakistan and India.

“Our delegation headed by the Indus Water Commissioner will take part in the meeting in New Delhi on March 23 and 24,” Zahid Hafeez Chaudhri, a spokesperson for the Pakistani Ministry of Foreign Affairs, Pakistan, had told Arab News last week, adding that the meeting was part of the Indus Waters Treaty and both sides would discuss issues of mutual interest, including some controversial Indian hydropower projects.

The Indus Waters Treaty between Pakistan and India was brokered by the World Bank and signed in Karachi in 1960. The treaty gives control over the waters of the three eastern rivers — the Beas, Ravi and Sutlej — to India, while control over the waters of the three western rivers — the Indus, Chenab and Jhelum — lies with Pakistan. 

Under the treaty, both countries can approach the World Bank for arbitration in case of disputes over the use of water resources. Pakistan approached the World Bank in August 2016 to constitute a court of arbitration over two disputed Indian projects: the 330 megawatts Kishanganga and 850 megawatts Ratle hydropower projects. 

The Bank has not yet set up the court as India has sought the appointment of a neutral expert to resolve the conflict. Pakistan is also taking up two ongoing disputes with India – over the 1000MW Pakal Dul and 40MW Lower Kalnai – at the Indus commissioners’ level. Islamabad says it will take the issues to the World Bank for mediation if it fails to resolve them at the bilateral level.
In recent years India has also begun ambitious irrigation plans and construction of many upstream dams, saying its use of upstream water is strictly in line with the treaty.
Pakistan has opposed some of these projects saying they violate the World Bank-mediated treaty on the sharing of the Indus waters, upon which 80 percent of its irrigated agriculture depends.
Shortly after the partition of the sub-continent into Pakistan and India in August 1947, tensions soared over water rights of the rivers flowing between them. Since the ratification of the treaty after nine years of negotiations, both neighbors have not engaged in any water wars, despite waging full-scale wars over the Muslim majority Kashmir valley, which both claim in full and rule in part. 


Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

Updated 29 January 2026
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Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

  • Finance adviser says repayment shows “decisive shift” toward fiscal discipline, responsible economic management
  • Says Pakistan’s total public debt has declined from over $286.6 billion in June 2025 to $284.7 billion in November 2025

KARACHI: Pakistan has repaid Rs3,650 billion [$13.06 billion] in domestic debt before time during the last 14 months, Adviser to the Finance Minister Khurram Schehzad said on Thursday, adding that the achievement reflected a shift in the country’s approach toward fiscal discipline. 

Schehzad said Pakistan has been repaying its debt before maturity, owed to the market as well as the State Bank of Pakistan (SBP), since December 2024. He said the government had repaid the central bank Rs300 billion [$1.08 billion] in its latest repayment on Thursday. 

“This landmark achievement reflects a decisive shift toward fiscal discipline, credibility, and responsible economic management,” Schehzad wrote on social media platform X. 

Giving a breakdown of what he said was Pakistan’s “early debt retirement journey,” the finance official said Pakistan retired Rs1,000 billion [$3.576 billion] in December 2024, Rs500 billion [$1.78 billion] in June 2025, Rs1,160 billion [$4.150 billion] in August 2025, Rs200 billion [$715 million] in October 2025, Rs494 billion [$1.76 billion] in December 2025 and $1.08 billion in January 2026. 

He said with the latest debt repaid today, the July to January period of fiscal year 2026 alone recorded Rs2,150 billion [$7.69 billion] in early retirement, which was 44 percent higher than the debt retired in FY25.

He said of the total early repayments, the government has repaid 65 percent of the central bank’s debt, 30 percent of the treasury bills debt and five percent of the Pakistan Investment Bonds (PIBs) debt. 

The official said Pakistan’s total public debt has declined from over Rs 80.5 trillion [$286.6 billion] in June 2025 to Rs80 trillion [$284.7 billion] in November 2025. 

“Crucially, Pakistan’s debt-to-GDP ratio, around 74 percent in FY22, has declined to around 70 percent, reflecting a broader strengthening of fiscal fundamentals alongside disciplined debt management,” Schehzad wrote. 

Pakistan’s government has said the country’s fragile economy is on an upward trajectory. The South Asian country has been trying to navigate a tricky path to economic recovery under a $7 billion loan from the International Monetary Fund.