Pakistan calls for revival of multilateralism at UN amid rising global tensions​

ISLAMABAD: Pakistan denounced India’s suspension of the Indus Waters Treaty as an act of “water warfare” ahead of the National Security Committee (NSC) meeting today, Thursday, to finalize the country’s response to New Delhi’s escalatory actions following a deadly attack in Indian-administered Kashmir.
The diplomatic flare-up erupted after 26 people were killed and 17 others injured on Tuesday when gunmen opened fire on tourists in Pahalgam, a scenic town in the Anantnag district. A little-known group, “Kashmir Resistance,” claimed responsibility for the assault, though Indian security agencies said it was a proxy for Pakistan-based outfits like Lashkar-e-Taiba and Hizbul Mujahideen. Pakistan denies any involvement in the attack.
In the wake of a security cabinet meeting chaired by Prime Minister Narendra Modi, India announced sweeping retaliatory measures, including the suspension of the 1960 Indus Waters Treaty, expelling defense staff from the Pakistani high commission, cutting its own diplomatic presence in Islamabad, and canceling all travel exemptions for Pakistani nationals under special visas. A main border crossing between the two countries was also shut down.
“India’s reckless suspension of the Indus Waters Treaty is an act of water warfare; a cowardly, illegal move,” Minister for Power Awais Leghari said. “Every drop is ours by right, and we will defend it with full force — legally, politically and globally.”
The Indus Waters Treaty, brokered by the World Bank, is considered one of the most enduring agreements between the two neighbors, allocating the eastern rivers (Ravi, Beas, Sutlej) to India and the western rivers (Indus, Jhelum, Chenab) to Pakistan.
The treaty is critical for Pakistan, a lower-riparian state whose food security and agricultural productivity depend on consistent access to these waters, especially as the country faces worsening climate vulnerability and erratic monsoon cycles.
Defense Minister Khawaja Asif said India was attempting to exploit a tragic incident to undermine a binding international commitment.
Posting an image of the treaty’s provisions on X, he wrote: “These provisions need no interpretation. They clearly state what India can and cannot do. India has long tried to wriggle out of this agreement under various pretexts and is now using this tragic act of terrorism to fulfill an old objective.”
Pakistan’s Deputy Prime Minister Ishaq Dar announced on social media Wednesday night the NSC would meet today to formulate a unified stance.
“India has a habit of shifting the blame for its own failures onto Pakistan,” he said in an interview with Geo News. “If India has evidence, it should present it. Mere accusations are not enough. Pakistan will give a fitting response.”
Indian officials said the decision to act was made after its security cabinet reviewed evidence of what it called cross-border linkages.
Modi, who cut short a state visit to Saudi Arabia after the attack, called the incident a “heinous act” and pledged justice.
This is not the first time India and Pakistan have teetered on the edge after an attack in Kashmir. In 2019, the Pulwama bombing that killed 40 Indian paramilitary personnel triggered retaliatory air strikes and a near-war scenario. However, the Indus Waters Treaty held firm. Its unilateral suspension a day earlier marks a significant escalation.
Kashmir has been the core dispute between India and Pakistan since 1947, with both nations controlling parts of the territory but claiming it in full. Armed rebellion erupted in the Indian-administered region in 1989, and although major violence has abated in recent years, targeted attacks on civilians and troops continue to roil the area.
India blames Pakistan for fomenting unrest, an allegation Islamabad denies, saying it offers only moral and diplomatic support to Kashmiris seeking self-determination.
In 2019, India revoked the region’s semi-autonomous status under Article 370, further souring relations. Pakistan downgraded diplomatic ties and suspended trade in response.
Last year, the region held its first local elections since the change, a move hailed by New Delhi as a return to normalcy but dismissed by key Kashmiri parties as cosmetic.
The NSC huddle in Islamabad is expected to weigh both diplomatic and legal avenues in response to India’s moves, including outreach to the World Bank and other treaty stakeholders.

ISLAMABAD: Pakistan’s economy is projected to grow by 2.7 percent in the fiscal year ending June 2025, the World Bank said on Wednesday, indicating signs of stabilization amid easing inflation and improved financial conditions.
The World Bank, in its latest report titled “Reimagining a Digital Pakistan,” said the real GDP growth is expected to benefit from a rebound in private consumption and investment, driven by easing inflation, lower interest rates and improving business confidence.
This improvement in Pakistan’s economy is supported by declining inflation, which fell to 1.5 percent in February, prompting the central bank to reduce its policy rate to 12 percent after a series of cuts totaling 1,000 basis points since June 2024.
Despite these positive indicators, the country faces significant external financing challenges, including over $22 billion in external debt repayments, highlighting the need for continued structural reforms and fiscal consolidation.
“Pakistan’s economy continues to stabilize and is expected to grow by 2.7 percent in the current fiscal year ending June 2025, up from 2.5 percent in the previous year,” the World Bank said.
It added that agricultural growth remained modest due to unfavorable weather conditions and pest outbreaks while industrial activity weakened due to rising input costs, increased taxation and cuts in government expenditure.
The report said growth in Pakistan’s services sector remained “muted” due to spillover effects from weak agricultural and industrial activity, which will make it challenging for the government to create jobs and reduce poverty.
“Pakistan’s key challenge is to transform recent gains from stabilization into economic growth that is sustainable and adequate for poverty reduction,” World Bank Country Director for Pakistan, Najy Benhassine, said.
“High-impact reforms to prioritize an efficient and progressive tax system, support a market-determined exchange rate, reduce import tariffs to boost exports, improve the business environment and streamline the public sector would signal strong reform commitment, build confidence, and attract investment.”
The report said real GDP growth was expected to rise to 3.1 percent in FY26 and 3.4 percent in FY27 due to the predicted ongoing macroeconomic stabilization and the implementation of key economic reforms.
“The April 2025 edition, Taxing Times, projects regional growth to slow to 5.8 percent in 2025 — 0.4 percentage points below October projections — before ticking up to 6.1 percent in 2026,” the World Bank said. “This outlook is subject to heightened risks, including from a highly uncertain global landscape, combined with domestic vulnerabilities including constrained fiscal space.”