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Water Wars: One-Fifth Of Pakistan's Electricity Comes From Hydro
India has suspended the Indus Waters Treaty with Pakistan, a major water-sharing agreement brokered by the World Bank. The move came on April 23, within a day of a deadly shooting in Pahalgam, in the Indian-administered part of Kashmir, marking the first time the treaty has been paused since the pact's inception in 1960. In response, Pakistan stated that an attempt to stop the flow of water would be considered an “act of war”. Tensions mounted between the two nuclear-armed nations in the following weeks, breaking out into four days of fighting, before quelling again with a ceasefire mediated by the U.S. announced on Saturday, with both nations pulling back from the brink.
Water resources are an important part of the equation right now between the two countries. The Indus Waters Treaty (IWT) divides the six main rivers of the Indus basin between the two nations, with the three westerly rivers — Indus, Jhelum and Chena...
India conducted targeted military strikes against Pakistan, which said it retaliated in expected tit-for-tat blows after a militant attack last month in Kashmir that killed 26 people.
Elsewhere, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.
Today's guests: Karsten Munk Knudsen, Novo Nordisk CFO, Estelle Brachlianoff, Veolia CEO, Grace Peters, JPMorgan Private Bank Global Head of Investment Strategy, Judy Dempsey, Carnegie Europe Senior Fellow. (Source: Bloomberg)...
Pakistan is planning to lower electricity costs as part of a broader plan to bring relief to manufacturers and increase exports, in a move that comes shortly after reaching an agreement to unlock more cash from the International Monetary Fund....