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India says it is committed to non-escalation if Pakistan reciprocates

  • On Saturday, India targeted multiple Pakistani air bases including Nur Khan, Murid, and Rafiqui amid ongoing conflict near Kashmir and Punjab.
  • The strikes followed Pakistan's missile attack earlier that day on military and civilian infrastructure in Punjab using medium-range Fateh missiles.
  • Explosions were reported in India-controlled Kashmir cities like Srinagar and Udhampur as both sides engaged in exchanges of missile fire causing civilian casualties.
  • Pakistan’s foreign minister indicated that Islamabad might ease tensions if India halts its offensive actions, while India committed to avoiding further escalation on the condition that Pakistan acts similarly, all occurring amid U.S. efforts to promote dialogue between the two nations.
  • The conflict left 26 civilians dead at a tourist site in Kashmir, signaling intensified tensions between the nuclear-armed rivals with military mobilization noted on both sides.
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After the war in Ukraine, in the Middle East and the risks of China's invasion of Taiwan, should we now fear that the conflict between India and Pakistan will degenerate, with a key impact on the economy and the stock exchange? How would CAC 40 react?

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  • 45% of the sources lean Left
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City News broke the news in Toronto, Canada on Friday, May 9, 2025.
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