Islamabad(July 08, 2018): Dwindling rainfall and snowmelt are taking their toll on the country’s depleting water resources as Tarbela dam has reached its dead level of 1, 386 for the first time in its history.
According to details, water level at Indus River at Tarbela dam has hit 1, 386 feet due to which Punjab and Sindh are likely to receive less than their fair share of water to meet irrigation requirements.
Inflow of River Indus at Tarbela is around 101, 000 cubic feet per second (cusec) and outflow is 95, 0000 cusecs.
July and August are variably the months of peak inflows in the dam owing to the monsoon season and snow melt. But, low rainfalls and diminishing snow melt as a result of global climate change have put strains on the country’s water supplies.
Melting glaciers and snow in Western Himalayas usually increases inflow in Tarbela, but this time around, temperature didn’t rise to 30 degrees Celsius and above in Gilgit-Baltistan and Skardu areas, resulting in low water level in Tarbela dam.Besides, low rainfalls added to the water shortage in Tarbela.
Lately, keeping in view the strains on the country’s water resources, the Supreme Court ordered immediate construction of Bhasha dam and Mohmand dam.
The apex court had ordered the federal government, Wapda and the executive authority to take effective measures in light of unanimous decisions of the Council of Common Interests (CCI) to develop the 4,500MW Bhasha dam and 700MW Mohmand dam.
Dam To Be Built Amount Recovered form Defaulters: CJP
The Chief Justice of Pakistan Justice Saqib Nisar has offered the exemption of mark up for those who return 75 per cent of loans.
During the hearing of the case by the two-member bench, the top court of the country gave the option to 222 loan defaulters to either pay 75% of the principal amount they had borrowed from the national bank or banking court decide their cases.
He announced that there is “consensus among all stakeholders” that two dams should be built from the money recovered from 222 companies who had had loans worth billions of rupees written off illegally.
During the hearing of a suo motu case pertaining to illegal waivers of loans amounting to Rs54 billion a three-member bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, suggested two options to defaulters; either pay 75% of the principal amount or their matters will be referred to the banking courts for adjudication, where their money along with markup and properties could be confiscated. The bench has sought a written reply from all persons over its options.“Every penny will be recovered,” remarked the top judge. Observing that every citizen was in debt of 117,000 rupees due to international loan, he said the recovered amount could be used to repay the country’s debt. He also warned that if someone does not pay back voluntarily then their matters could be referred to NAB as well.
The formulae were presented by justice Muneeb Akhter who told the court that the loans can be returned on the formula of A minus B multiply by 75 per cent means, the borrowed loan minus returned amount multiply by 75 per cent.
However, the chief justice warned that if banking courts issued a verdict against the companies, they would have to pay the full amount of their loans. He further said that the parties which failed to repay their loans could also go to jail for as long as one year.
At this point, several lawyers representing different companies named in the case urged the CJ not to forward the issue to banking courts. Justice Nisar then ordered the petitioners to submit written recommendations regard.