ISLAMABAD: Pakistan will not renegotiate the Indus Waters Treaty (IWT), brokered by the World Bank, with India, Pakistani Information Minister Attaullah Tarar said on Sunday, following India’s suspension of the 1960 agreement that regulates water-sharing from the Indus River and its tributaries.
Pakistan has rights to the western rivers— Indus, Jhelum, and Chenab— for irrigation, drinking, and non-consumptive uses like hydropower, according to the Indus Waters Treaty. India controls the eastern rivers— Ravi, Beas, and Sutlej— for unrestricted use but must not significantly alter their flow. India can use the western rivers for limited purposes such as power generation and irrigation, without storing or diverting large volumes.
Relations between the neighbors have deteriorated amid heightened tensions over an attack in Indian-administered Kashmir’s Pahalgam resort town that killed 26 tourists on April 22. New Delhi has accused Islamabad of involvement in the attack. Pakistan has denied any involvement and has expressed its willingness to participate in a “credible and transparent” international investigation into the attack.
Both sides have since announced a series of punitive measures against each other, with India suspending the Indus Waters Treaty. Pakistan has described the suspension an “act of war,” vowing to defend its water rights. There are also mounting fears that India may carry out limited airstrikes or special forces raids near the border with Pakistan, raising concerns that the nuclear-armed rivals may once again come close to an all-out war.
“I do not believe so,” Tarar said, when asked by foreign media journalists whether Pakistan will accept India’s long-term demand of renegotiating the IWT.
“If ever there is reconsideration of terms, which I don’t see happening anytime in the near future, then I think India will lose out and Pakistan will benefit,” he said, adding that Pakistan, being the lower riparian, had more rights and was entitled to more water.
The top Pakistani leadership has clearly stated that if the country’s water is stopped or diverted, it will respond with “full force,” according to Tarar. Pakistan is prepared to fight and defend its water rights at every forum.
“It does not mean that we are seeking an arbitration, I think that we have always been very active and our legal team works on future prospects as well, if faced with any situation,” he said.
The minister denied any back-channel contacts between the two nuclear-armed neighbors to ease the situation at the moment.
The two neighbors have fought three wars, including two of them on the disputed region of Kashmir, since their independence from British rule in 1947. Both rule the Himalayan territory in part but claim it in full.
“At this point in time, there is no contact. There is no back channel [talks with India],” he said.
Tarar said the international community had not responded to New Delhi’s claims about the Pahalgam attack, according to India’s hopes, which was a “diplomatic success” of Pakistan.
“The international community believes in Pakistan, believes in the effort that Pakistan has made in the war against terror,” he said.
“Diplomatically, I consider statements from the world leaders as Pakistan’s successes as India was expecting a lot from the rest of the world by playing victim, but you cannot play victim without having evidence in your support.”
The minister said India had “built a false narrative on a completely baseless premise” in order to divert Pakistan’s attention from the western border with Afghanistan where it has been successfully fighting militancy.
“But we will continue to fight the war against terrorism and will continue to protect the world, the citizens of the world,” he said.
Tarar said the reason Pakistan had called for an independent, impartial, and transparent inquiry into the Pahalgam attack was because its “hands are clean,” accusing India of supporting extremism and encouraging attacks on Pakistani missions abroad.
“Their extremist ideology, through which they are encouraging their people to attack our foreign missions, has led to very unfortunate incidents,” he said.
“In London, our high commissioner was attacked twice, and stones were pelted [at the Pakistani high commission]. Let me reiterate, they shouldn’t attack our space, our world, our people as Pakistan has always defended itself.”
Pakistan says will not renegotiate Indus Waters Treaty with India, vows to defend rights
https://arab.news/nyfas
Pakistan says will not renegotiate Indus Waters Treaty with India, vows to defend rights
- India suspended the key water-sharing treaty after an attack in Indian-administered Kashmir that New Delhi has blamed on Pakistan
- Pakistan has denied involvement in the attack that killed 26 tourists and described India’s suspension of the treaty as an ‘act of war’
Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX
- Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
- Company says remains committed to strengthening Pakistan’s Islamic financial eco-system
KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market.
PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.
The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.
In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.
“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said.
“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added.
The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector.
“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said.
Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”
“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said.
“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”
PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.










