It covers the water distribution and sharing rights of six rivers of Indus river system viz, Beas, Ravi, Sutlej, Indus, Chenab and Jhelum.
The treaty specifies that waters from three western rivers viz. Indus, Jhelum and Chenab are reserved for Pakistan, while waters from eastern rivers viz. Ravi, Sutlej and Beas are for reserved for India.
The PIC is established mechanism under IWT.
Its mandate is to establish and maintain cooperative arrangements for implementation of water distribution pact and promote cooperation in development of Indus water systems between India and Pakistan.
The meeting of PIC is held alternately in India and Pakistan at least once every year as mandated by treaty.