Though a lot of ink has been spent on Indo-Pak relation, but the matter revolves mostly around the Kashmir problem because it is always noted that the coldness of Indo-Pak relations is mostly due to Kashmir. The Kashmir problem is not the only one between India and Pakistan it just falls under the major category. Indo-Pak disputes are not limited to just Kashmir. Water sharing is also a bone of contention along with the eternal question of terrorism. Therefore it is impossible to simplify the Indo-Pak peace process as the solution of the Kashmir problem. The Researcher has pointed out the workings and failures of the Indo-Pak political machinery around the Baglihar Hydro-electric Project. The Pakistani objection on technical points is against any Indian progress in this sector. India and Pakistan are trying different Track II approaches and Confidence Building Measures to improve their relation but the problem of the sharing of water is growing malignantly. If control measure fell then a clichéd quotation of the International Relation discipline will unfortunately become true for India and Pakistan:”the next war will be fought over water”.