Regional
Pakistan finance minister cancels US trip due to political crisis

Pakistan Finance Minister Ishaq Dar on Saturday said he had canceled his trip to Washington for the spring meetings of the International Monetary Fund and World Bank on the orders of the prime minister due to the political situation in the country.
However, Dar said he would attend important bilateral and multilateral meetings virtually and a Pakistani delegation would be present in Washington, Reuters reported.
Pakistan is in danger of defaulting on its debt, with an International Monetary Fund bailout programme stalled since November, while a bruising political battle is raging between the government and former prime minister Imran Khan.
Dar said that the crisis had been compounded by a recent Supreme Court order striking down plans to delay elections to two provincial assemblies scheduled for next month. The order has created a standoff between the government and the court.
“We are stuck in a strange mess as a country… so under these circumstances, on the orders of the prime minister, I have dropped plans to be there [in Washington] physically,” Dar said in a televised address.
The minister rejected reports of the canceled trip being linked to a holdup in Pakistan’s IMF bailout programme.
He added that a “constitutional crisis” was created by the Supreme Court, which has demanded that the government provide 21 billion Pakistani rupees ($74 million) to the election authorities by Monday to conduct the polls.
Dar said that Pakistan, on its part, had completed all requirements of the IMF’s programme review for the release of over $1.1 billion in critical funding for the cash-strapped country.
He said all that remained was a confirmation by one country that it would provide Pakistan $1 billion to shore up its external account requirements. Another country had already confirmed it would provide $2 billion, he added.
While Dar did not name the two countries, Pakistan’s junior finance minister on Thursday said Saudi Arabia had conveyed to the IMF its commitment to provide financing to Pakistan.
Local media has widely reported that $2 billion have been committed by Saudi Arabia, while a confirmation of $1 billion was awaited by the United Arab Emirates.
The minister said once the $1 billion was confirmed, a staff level agreement would be reached. He denied that there were any other pending issues.
Pakistan is in dire need of funds with its foreign exchange reserves hovering around $4.2 billion which provides barely one month of import cover.
Regional
Panic in Pakistan as India vows to cut off water supply over Kashmir
Islamabad has denied any role and said “any attempt to stop or divert the flow of water belonging to Pakistan … will be considered as an Act of War”.

Pakistani farmers have voiced concern about future water supplies after India on Wednesday suspended the World Bank-mediated Indus Waters Tropy of 1960, which ensures water for 80% of Pakistan’s farms.
India said the suspension would last until “Pakistan credibly and irrevocably abjures its support for cross-border terrorism”.
This move comes after last week’s attack in Kashmir. India has accused Pakistan of having been involved, stating two of the three militants who attacked tourists and killed 26 men were from Pakistan.
Islamabad has denied any role and said “any attempt to stop or divert the flow of water belonging to Pakistan … will be considered as an Act of War”.
The treaty split the Indus and its tributaries between the nuclear-armed rivals.
Government officials and experts on both sides say India cannot stop water flows immediately, because the treaty has allowed it to only build hydropower plants without significant storage or dams on the three rivers allocated to Pakistan. But things could start changing in a few months, Reuters reported.
“We will ensure no drop of the Indus River’s water reaches Pakistan,” India’s water resources minister, Chandrakant Raghunath Paatil, said on X.
He did not respond to questions about the fears in Pakistan.
Two Indian government officials, who declined to be identified, said the country could within months start diverting the water for its own farms using canals while planning hydroelectric dams that could take four to seven years to finish.
Immediately, India will stop sharing data like hydrological flows at various sites of the rivers flowing through India, withhold flood warnings and skip annual meetings under the Permanent Indus Commission headed by one official each from the two countries, said Kushvinder Vohra, a recently retired head of India’s Central Water Commission.
“They will not have much information with them when the water is coming, how much is coming,” said Vohra, who was also India’s Indus Commissioner and now advises the government occasionally.
“Without the information, they cannot plan.”
And it is not just agriculture, a shortage of water will also hit electricity generation and potentially cripple the economy, economists say.
Vaqar Ahmed, economist and team lead with UK consulting firm Oxford Policy Management, said that Pakistan had underestimated the threat of India walking away from the treaty.
“India hasn’t got the kind of immediate infrastructure to halt the waterflows, especially during flood times, so this period creates a crucial window for Pakistan to address the inefficiencies in its water sector,” he said.
“There are a lot of inefficiencies, leakages.”
In recent years, Indian Prime Minister Narendra Modi’s government has been seeking to renegotiate the treaty and the two countries have been trying to settle some of their differences in the Permanent Court of Arbitration in the Hague over the size of the Kishenganga and Ratle hydroelectric plants’ water storage area, Reuters reported.
“We can now pursue our projects in free will,” said Vohra.
In a letter on Thursday, India told Pakistan that circumstances had changed since the treaty was signed, including population increases and the need for more cleaner energy sources, referring to hydropower.
Regional
Suspected chemical blast at Iran’s Bandar Abbas port kills at least 18, injures hundreds
President Masoud Pezeshkian ordered an investigation of the incident and sent to the site his interior minister, who said efforts were continuing to extinguish the fire and prevent it from spreading to other areas, read the report.

A huge blast probably caused by the explosion of chemical materials killed at least 18 people and injured more than 700 on Saturday at Iran’s biggest port, Bandar Abbas, Iranian state media reported.
The explosion, which hit the Shahid Rajaee section of the port, occurred as Iran began a third round of nuclear talks with the United States in Oman, but there was no indication of a link between the two events, Reuters reported.
Hossein Zafari, a spokesperson for Iran’s crisis management organisation, appeared to blame the explosion on poor storage of chemicals in containers at Shahid Rajaee.
“The cause of the explosion was the chemicals inside the containers,” he told Iran’s ILNA news agency.
“Previously, the Director General of Crisis Management had given warnings to this port during their visits and had pointed out the possibility of danger,” Zafari said.
However, an Iranian government spokesperson said that although chemicals had likely caused the blast, it was not yet possible to determine the exact reason.
President Masoud Pezeshkian ordered an investigation of the incident and sent to the site his interior minister, who said efforts were continuing to extinguish the fire and prevent it from spreading to other areas, read the report.
Iran’s official news channels aired footage of a vast black and orange cloud of smoke billowing up above the port in the aftermath of the blast, and an office building with its doors blown off and papers and debris strewn around.
Located near the strategic Strait of Hormoz, Shahid Rajaee port is Iran’s biggest container hub, handling a majority of the country’s container goods, according to state media.
The blast shattered windows within a radius of several kilometres and was heard in Qeshm, an island 26 kilometres (16 miles) south of the port, Iranian media said.
The semi-official Tasnim news agency posted footage of injured men lying on the road being tended to amid scenes of confusion.
State TV earlier reported that poor handling of flammable materials was a “contributing factor” to the explosion. A local crisis management official told state TV that the blast took place after several containers stored at the port exploded.
As relief workers tried to put out fires, the port’s customs officials said trucks were being evacuated from the area and that the container yard where the explosion occurred likely contained “dangerous goods and chemicals”. Activities at the port were halted after the blast, officials said.
A series of deadly incidents has hit Iranian energy and industrial infrastructure in recent years, with many, like Saturday’s blast, blamed on negligence.
They have included refinery fires, a gas explosion at a coal mine, and an emergency repair incident at Bandar Abbas that killed one worker in 2023.
Iran has blamed some other incidents on its arch-foe Israel, which has carried out attacks on Iranian soil targeting Iran’s nuclear programme in recent years and last year bombed the country’s air defences.
Tehran said Israel was behind a February 2024 attack on Iranian gas pipelines, while in 2020 computers at Shahid Rajaee were hit by a cyberattack. The Washington Post reported that Israel appeared to be behind that incident as retaliation for an earlier Iranian cyberattack, Reuters reported.
Israel has indicated it is nervous about the outcome of U.S.-Iran talks, demanding a full dismantlement of Iran’s nuclear programme. Tehran says the programme is used solely for peaceful purposes, while international observers say it is getting closer to being able to build a bomb.
There was no immediate comment from Israel’s military or Prime Minister Benjamin Netanyahu’s office when asked for comment on whether Israel was in any way involved in Saturday’s explosion.
Oil facilities were not affected by the blast on Saturday, Iranian authorities said.
The National Iranian Petroleum Refining and Distribution Company said in a statement it had “no connection to refineries, fuel tanks, distribution complexes and oil pipelines.”
Regional
At least 47 injured after explosion at port in Iran’s Bandar Abbas

A large explosion rocked Shahid Rajaee port in the southern Iranian city of Bandar Abbas on Saturday, with at least 47 people injured after the blast, state media reported.
The blast occurred as Iran began a third round of nuclear talks with the United States in Oman, although the cause of the explosion was not immediately clear, Reuters reported.
“The cause of this incident was the explosion of several containers stored in the Shahid Rajaee Port wharf area. We are currently evacuating and transferring the injured to medical centres,” a local crisis management official told state TV.
Fars news agency reported that 47 people were injured according to initial estimates.
Semi-official Tasnim news agency added that the port’s activities were suspended to extinguish the fire and that considering the large number of port employees “many people were probably injured or even killed in the incident.”
The blast shattered windows within a radius of several kilometres, Iranian media said, with footage shared online showing a mushroom cloud forming following the explosion.
In 2020, computers at the same port were hit by a cyberattack that caused massive backups on waterways and roads leading to the facility. The Washington Post had reported that Iran’s arch-foe Israel appeared to be behind that incident as retaliation for an earlier Iranian cyberattack.
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