ISTANBUL
Here is a rundown of all the news that you need to start your Friday with, including Pakistan saying that any attempt by India to divert or stop water flow according to the Indus Waters Treaty will be considered an act of war, India asking its citizens to leave Pakistan, and US President Donald Trump signing an executive order on expediting offshore mining to counter China.
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Any attempt by India to divert or stop water flow according to the Indus Waters Treaty would be considered an act of war, Pakistan warned, a day after New Delhi suspended the 1960 agreement following an attack in disputed Kashmir that killed 26 people.
Announcing reciprocal measures after a National Security Committee meeting in Islamabad, Pakistan said it will suspend the 1972 Simla Agreement and close the Wagah border, currently the only legal crossing between the two countries, with immediate effect.
Islamabad also suspended all trade with India including to and from any third country through Pakistan and closed airspace for all Indian-owned or Indian-operated airlines.
India asked its citizens visiting Pakistan to return home “at the earliest.”
It also asked Indian nationals to avoid traveling to Pakistan, said a Foreign Ministry statement.
The ministry also announced the suspension of visa services to Pakistani citizens. Earlier, it had suspended visas to Pakistani citizens under the South Asian Association for Regional Cooperation framework.
US President Donald Trump signed an executive order aimed at rapidly expanding the exploration and development of critical minerals from the seabed to counter China's dominance and reduce American reliance on "foreign adversaries."
The order, titled “Unleashing America's Offshore Critical Minerals and Resources,” establishes a national policy to secure vital resources like nickel, cobalt, copper, manganese, titanium and rare earth elements found in vast offshore areas.
It cites "unprecedented economic and national security challenges" linked to dependence on foreign suppliers.
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed that uncertainty is very costly and called for a quick resolution of tensions and compromise on trade policies.
Speaking at a press conference on the IMF's 2025 global policy agenda, Georgieva said “major trade policy shifts have spiked uncertainty off the charts, accompanied by tighter financial conditions and high market volatility."
International Monetary Fund (IMF) General Director Kristalina Georgieva said the IMF intends to assist Syria in rebuilding its institutions and reintegrating into the global economy.
Georgieva said at a press conference held as part of the IMF and World Bank Spring Meetings that they had a meeting with Syria this week.
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