Last update: Thu, 29 Sep 2016 08pm

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Prime Minister Muhammad Nawaz Sharif on Wednesday said that the Indus Water Treaty is a mutually agreed arrangement between India and Pakistan brokered by the World Bank in 1960, and neither country can unilaterally separate itself from the treaty. The Prime Minister was chairing a meeting here, which was attended by Minister for Interior Chaudhry Nisar Ali, Minister for Finance Ishaq Dar, Chief of Army Staff General Raheel Sharif, National Security Advisor General (R) Nasir Janjua, Foreign Secretary, DG Military Operations and senior civil and military officials.
The upcoming South Asian Association for Regional Cooperation (SAARC) Summit has been postponed following announcement of India, Bangladesh, Afghanistan and Bhutan to pull out of the significant regional conference. In a statement, only available on the state-run media, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz said that SAARC Summit could be postponed if India refused to attend, adding as per SAARC rules the Summit will not be held if any member country refuses to attend.
China on Wednesday called on Pakistan and India to solve their differences over Kashmir. China "hopes that Pakistan and India will strengthen channels for dialogue, appropriately handle any differences, improve bilateral relations and together protect the region's peace and stability", a deputy foreign minister told Pakistan's special envoys to China for Kashmir, according to the foreign ministry website. The deputy minister, Liu Zhenmin, also told the envoys that China values Pakistan's position on Kashmir.
Federal Cabinet which is scheduled to meet on Friday (tomorrow) under the chairmanship of Prime Minister Nawaz Sharif will discuss the Pak-India relations post-Uri attack, political situation in the country and other important matters.
The State Bank of Pakistan 's Financial Monitoring Unit (FMU) is reportedly sending suspicious transaction reports having links with Afghan Transit Trade business as well as smuggling to the concerned Law Enforcement Agencies (LEAs), well informed sources in Finance Ministry told Business Recorder.
The Federal Government on Wednesday tasted defeat by a majority vote in the Senate Standing Committee on Commerce dominated by opposition parties on the proposed State Life Insurance Corporation (Reorganisation and Conversion) Bill, 2016 after both the government and the committee dominated by opposition parties prominently PPP and PTI rejected each other's proposed drafts.
Parliamentary body on Finance Wednesday presented a report on "The Public Private Partnership Authority Bill, 2016" in the National Assembly to execute public private partnerships for promotion of domestic and foreign private investment in the country. The report was presented by Chairman Standing Committee on Finance Qaiser Ahmed Sheikh in the Lower House of the parliament.