Top army officials from India and Pakistan planned to talk Monday about what comes next, as tension cools off and border stays quiet after days of firing. India confirmed discussion while stock markets in both countries showed signs of rebound.
No reports came overnight of new shelling or blasts, after few earlier ceasefire breaches. Indian Army said Sunday night passed peacefully, which hadn’t happened for several days. Still, some schools near border areas stayed shut.
Ceasefire deal on Saturday in Kashmir came after four-day clash and pressure from Washington. U.S. President Donald Trump announced the truce. Diplomacy was moving fast during those days.
On Sunday, Indian forces sent hotline note to Pakistan, mentioning past ceasefire breaches and saying they’ll act if more happen, an Indian officer said. Pakistan’s army, on other side, denied any such violations.
India’s foreign ministry said both sides’ military chiefs—called Directors General of Military Operations—will hold conversation Monday at 1200 hrs (0630 GMT). Pakistan didn’t answer Reuters request for comment.
Tensions got worse after India blamed Pakistan for deadly attack that killed 26 tourists. Both sides exchanged drone and missile strikes targeting bases. India said it hit nine terror-linked locations in Pakistan, but Islamabad said strikes only hurt civilian places.
Pakistan also paused stock market for one hour Monday after its index jumped 9%, recovering big loss from last week’s Indian attacks. IMF on Friday approved $1.4 billion loan to Pakistan under climate plan and passed review of separate $7 billion program.
In India, markets also went up—Nifty gained around 2.5% early Monday after losing 1.5% across past three days. Investors had pulled $83 billion due to war concerns until Friday.
Pakistan thanked U.S. for helping broker peace and welcomed Trump’s idea to mediate Kashmir dispute. India didn’t respond on America’s involvement or idea of neutral meeting site.
Meanwhile, India’s Congress party, which earlier supported PM Modi after April 22 attack, now asked for emergency parliament session to discuss current situation with Pakistan. Leader Sachin Pilot posted Sunday on X, asking government to explain its view on America’s comments, saying Kashmir is strictly two-nation issue.
