Indus Water Treaty

Consider the following statements with reference to the Indus Water Treaty:

1. The Indus Waters Treaty was signed in 1960 between India and Pakistan with the help of the World Bank, which is also a signatory.
2. The Treaty allocates the Western Rivers (Indus, Jhelum, Chenab) to Pakistan and the Eastern Rivers (Ravi, Beas, Sutlej) to India.
3. It sets out a mechanism for cooperation and information exchange between the two countries regarding their use of the rivers, known as the Permanent Indus Commission, which has a Commissioner appointed by World Bank.

Which of the statement(s) given above is/are incorrect?