Pakistan finance chief urges faster payouts from climate loss and damage fund

ISLAMABAD: Pakistan and India both confirmed on Saturday they had agreed to a ceasefire after President Donald Trump said the US had mediated late night talks between the nuclear-armed South Asian nations on the brink of an all-out war.

The announcement came after the Pakistan military said early on Saturday India had attacked three bases in Pakistan with missiles, after which it had targeted multiple bases in India in response, including a missile storage site in India’s north. India said there was limited damage to equipment and personnel at air force stations in the Udhampur, Pathankot, Adampur and Bhuj areas. The military said there were several high-speed missile attacks on several air bases in Indian Punjab, and that India had responded to the attacks.

Five civilians were killed in attacks in the Jammu region of Indian-administered Kashmir, regional police said.

“Pakistan and India have agreed to a ceasefire with immediate effect. Pakistan has always strived for peace and security in the region, without compromising on its sovereignty and territorial integrity,” Pakistani Deputy Prime Minister Ishaq Dar wrote on X.

The Indian ministry of external affairs also confirmed the ceasefire deal in a briefing. 

Separately, Trump said:

“After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE. Congratulations to both Countries on using Common Sense and Great Intelligence.”

US Secretary of State Marco Rubio said the two countries had also agreed to talks on a “broad set of issues at a neutral site.”

Earlier on Saturday, Pakistani and Indian officials had both separately said they would consider de-escalation if the other nation reciprocated. 

Through this week, allies and friends like Saudi Arabia, China, Iran and Qatar have offered mediation and urged restraint. The Group of Seven (G7) major countries called on India and Pakistan to engage in direct dialogue while the US government said it had offered assistance in starting “constructive talks.”

Saturday’s military confrontation, the worst fighting between the longstanding enemies in decades, followed days of daily clashing since Wednesday through drones and missiles and gunfighting on the Line of control, the de facto border that divides the disputed Kashmir region between them. At least 50 have been killed on both sides.

The latest tensions were triggered by a militant attack in Indian-administered Kashmir that killed 26 people on April 22. New Delhi said Islamabad was involved, which denied the allegation and repeatedly said it was willing to participate in a transparent and credible inquiry.

Pakistan and India have a history of bitter relations, having fought two of their three wars over Kashmir, a region split between them, since gaining independence from the former British colonial rule in 1947.

Both nations acquired nuclear weapons in 1998.

KARACHI: Pakistan has once again closed its airspace to all domestic and international flights for 24 hours, the country’s airports authority said on Saturday, hours after Islamabad hit Indian military targets in retaliation to what it said were strikes on three of its air bases.
India-Pakistan tensions, sparked by last month’s attack in Indian-administered Kashmir that killed 26 people, spiraled into a military conflict this week, when India conducted missile strikes on what it called “militant training camps” in five Pakistani cities, which Islamabad said killed 31 civilians.
Both sides have since exchanged drone, missile and artillery strikes, with either one claiming to have acted in retaliation. The ongoing conflict forced intermittent closure of airspaces in both countries, where flight operations were already affected since the neighbors closed their airspaces for the other shortly after the Kashmir attack.
While Pakistan partially resumed flight operations this week, Islamabad decided to close its airspace for another 24 hours after Pakistan launched strikes on Indian military targets in response to what it said were attacks on three of its air bases, one close to the capital, in the wee hours of Saturday.
“Pakistan’s airspace will remain closed for all types of flights until 12PM tomorrow (May 11),” a Pakistan Airports Authority (PAA) spokesperson said around Saturday noon.
The ongoing tensions between Pakistan and India have plunged flight operations across the region into a disarray, with several domestic and international flights delayed, canceled or returned. The state-run Pakistan International Airlines (PIA) this week suspended all flights after halting ground operations and initially diverting airborne planes to Karachi.
The latest closure bars both domestic and international air traffic from entering Pakistan’s airspace, a major corridor for flights between Europe and Asia.
Several Asian airlines, including EVA Air, Korean Air, Thai Airways and China Airlines, have rerouted or delayed flights for Europe, citing “safety concerns” due to the ongoing conflict. A Taipei-Milan flight was diverted to Vienna for refueling this week, while Korean Air opted for a longer route via Myanmar and Bangladesh.
India’s flight operations have also been impacted, with several airports closed.
The conflict has drawn international concern and world powers, including the United States, United Kingdom and China, have urged both countries to exercise restraint and avoid any escalation.