
IWT with Pakistan suspended, India plans to transfer surplus water from J&K to other states
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
15 minutes ago
- Business Standard
Pakistan to import US crude for first time after Trump trade deal
Pakistan's top refiner will receive its first-ever US crude shipment in October, following a new Trump-brokered energy pact aimed at deepening trade and geopolitical ties New Delhi Pakistan's largest refiner Cnergyico will import one million barrels of crude oil from Vitol in October, the company's vice-chairman Usama Qureshi said on Friday. This marks the country's first-ever purchase of US-origin oil, following a landmark trade agreement. Why it matters This is the first time Pakistan will import crude oil from the United States. The shift follows a strategic trade agreement amid rising US tariffs and shifting alliances in the region. State of play Pakistan's largest refiner Cnergyico will import one million barrels of crude oil from Vitol in October, the company's vice-chairman Usama Qureshi confirmed. The deal marks a first for US-origin crude entering the country. Zoom in: West Texas crude to arrive in Karachi The shipment of West Texas Intermediate light crude will be loaded from Houston this month and is expected to arrive in the second half of October. 'This is a test spot cargo under our umbrella term agreement with Vitol. If it is commercially viable and available, we could import at least one cargo per month,' Qureshi said, adding the cargo is not for resale. Between the lines: Trump's energy diplomacy deepens ties The import decision follows President Donald Trump' s announcement of a new US–Pakistan energy initiative. Trump claimed Pakistan had 'massive' oil reserves and even suggested it could eventually export oil to India. His comments came amid heightened tensions with India, where Trump has imposed 25 per cent tariffs and criticised India's crude purchases from Russia. What they're saying Qureshi said the deal followed several rounds of talks starting in April, shortly after Trump threatened to impose 29 per cent tariffs on Pakistani imports. Pakistan later welcomed the agreement, citing tariff relief and greater investment prospects, though details on revised tariff levels remain unclear. Context: A diplomatic shift amid regional tensions A close ally of China, Pakistan has moved closer to the Trump administration after facing tariff threats. Islamabad credits the US for helping ease tensions with India and has even nominated Trump for the Nobel Peace Prize. Numbers game Oil is Pakistan's biggest import item, accounting for nearly 20 per cent of its total import bill. Oil imports (FY25): 11.3 billion dollars Cnergyico's processing capacity: 156,000 barrels per day It also operates the country's only single-point mooring terminal near Karachi, enabling it to handle large tankers — an edge over other refiners The bottom line The US–Pakistan oil deal marks a diplomatic and economic pivot, giving Islamabad an energy alternative while strengthening ties with Washington at a time of growing strain with India.


Hindustan Times
15 minutes ago
- Hindustan Times
Zojila tunnel completion delayed by over 2 years: Nitin Gadkari tells Lok Sabha
The completion of the 13-km Zojila tunnel, Asia's longest previously scheduled to be ready by September 2026 for all-weather connectivity between Srinagar in Jammu and Kashmir and Ladakh's Leh, has been delayed by over two years. Union transport and highways minister Nitin Gadkari on Thursday told Lok Sabha that the tunnel will now be completed by February 2028. Zojila is a 5,008 metre treacherous Himalayan pass along the strategic Srinagar-Leh highway. (PTI) The tunnel is expected to reduce the average time taken to cross Zojila, the 5,008 metre treacherous Himalayan pass along the strategic Srinagar-Leh highway, from three hours to 20 minutes. It aims to ease civilian traffic flow and enhance logistics support for armed forces deployed in the Ladakh sector, particularly against the backdrop of the 2020 standoff with China. The standoff was triggered after a clash in Ladakh's Galwan Valley left 20 Indian soldiers and at least four Chinese troops dead and plunged India-China ties to the lowest point in nearly six decades. Gadkari said ₹3934.42 crore has so far been spent on the ₹6809 crore project. 'The project has been delayed due to multiple factors, including the impact of the COVID-19 pandemic, a terrorist attack at the [nearby] Sonamarg Tunnel Project [in 2024], and extreme adverse weather conditions,' Gadkari said in a reply to a question from the National Conference lawmaker Mian Altaf Ahmed Larvi (Jammu and Kashmir). Gadkari said that 64% of the project is complete and that 1,141 people are employed for it. He added that 77% of the workforce is from Jammu and Kashmir, including 28% from Larvi's native Ganderbal district. In January, Prime Minister Narendra Modi inaugurated the Z-Morh tunnel at Sonamarg, another crucial part of the all-weather connectivity between Srinagar and Leh. Ladakh does not have all-weather road connectivity with other parts of India. Both the Srinagar-Leh and the Manali-Leh roads face weather-related closures for five months annually.


Indian Express
15 minutes ago
- Indian Express
Parliament Monsoon Session LIVE: INDIA bloc MPs protest outside Parliament against Bihar SIR; adjournment motion moved in both Houses
Parliament Monsoon Session Live: Members of the INDIA bloc are staging protests outside the Parliament complex against the Special Intensive Revision (SIR) of electoral rolls currently being carried out in Bihar. Opposition leaders have submitted multiple adjournment notices demanding a discussion on the Bihar electoral roll revision in both Houses of Parliament. Notices have been given for an adjournment motion in the Lok Sabha and under Rule 267 in the Rajya Sabha. The protests have disrupted both Houses of Parliament on a daily basis during the ongoing Monsoon session. Lok Sabha – List of Business: Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, will move The Indian Ports Bill, 2025 in the Lok Sabha today (August 1). The Bill seeks to consolidate laws related to ports, promote integrated port development, facilitate ease of doing business, and ensure optimum utilization of India's coastline.