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Kuwait Times
4 days ago
- Business
- Kuwait Times
Pakistan establishes new missile force after India conflict
ISLAMABAD: People click photographs beside the Fatah-I missile system on display at a military exhibition during Independence Day celebrations in Islamabad on August 14, 2025. – AFP ISLAMABAD: People click photographs beside the Fatah-I missile system on display at a military exhibition during Independence Day celebrations in Islamabad on August 14, 2025. – AFP ISLAMABAD: Pakistan will establish a new military force to supervise its missile capabilities, the prime minister said, after its worst conflict in decades with South Asian arch-rival India. Prime Minister Shehbaz Sharif announced the formation of the Rocket Force Command while addressing an Independence Day ceremony in Islamabad attended by senior military officials late on Wednesday. 'It will be equipped with modern technology and capable of striking the enemy from all directions,' Sharif said at the ceremony, during which the deadly clash with India in May dominated official speeches and displays. 'It will improve our conventional war capabilities,' he said, commending the military for its performance. Pakistan and India fought an intense four-day conflict in May that killed more than 70 people on both sides in missile, drone and artillery fire, the worst clashes between the nuclear-armed neighbors since 1999. Pakistan has sophisticated missile capabilities, some of which it deployed in May alongside J-10C Vigorous Dragon and JF-17 Thunder fighter jets. Islamabad is boosting its military capabilities following the conflict, increasing defence spending by 20 percent in the current budget that was passed in June. The government also announced that it was in discussions to acquire 40 new Chinese fighter jets and new air defence systems. 'After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process,' defence analyst Talat Masood, a former general, told AFP. The May conflict was triggered by a deadly attack on tourists in India-administered Kashmir a month earlier that Delhi blamed on Islamabad. Pakistan denied the allegation. Muslim-majority Kashmir has been divided between India and Pakistan since their independence from British rule in 1947. Both claim the region in full and have fought two wars and several conflicts over its control. – AFP
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor fallout: Rattled Pakistan hastily props up new missile force; increases military spending
After India's devastating Operation Sindoor , a rattled Pakistan is working hastily to improve its military capabilities, establishing a new military force to oversee its missile arsenal, the Army Rocket Force Command. Pakistani PM Shehbaz Sharif made the announcement late Wednesday, speaking at the country's 78th Independence Day ceremony in Islamabad. "It will be equipped with modern technology and capable of striking the enemy from all directions," he said, adding, "It will improve our conventional war capabilities." 'It is a key milestone in the advancement of the country's military response capability,' Sharif further stated. Pakistan's new force is reportedly modelled on its all-weather ally China's People's Liberation Army Rocket Force, which oversees an arsenal of land-based ballistic, hypersonic, and cruise missiles, both nuclear and conventional. "After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process," defence analyst Talat Masood, a former general, told AFP. Pakistan's President Asif Ali Zardari, three services chiefs and other national dignitaries were also present at the event, PTI reported. Back in May, Pakistan and India engaged in a fierce four-day conflict involving missile, drone and artillery fire. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Diversify your portfolio with Edelweiss NFO Edelweiss Mutual Fund AMC Undo It was the deadliest escalation between the nuclear-armed rivals since 1999. The conflict erupted after India launched Operation Sindoor in retaliation against Pakistan-backed terrorists who killed 26 tourists in Pahalgam, Jammu and Kashmir. Pakistan deployed several of its missile systems during the fighting, alongside J-10C Vigorous Dragon and JF-17 Thunder fighter jets. Also Read: 'If you ask a Pakistani ...': Army chief mocks Pak victory claim; hails 'free hand' in Operation Sindoor Islamabad has since moved to strengthen the country's defences, raising military spending by 20% in the June budget. Plans are also under way to acquire 40 new Chinese fighter jets and modern air defence systems. In his address, Shehbaz also thanked nations including China, Saudi Arabia, Türkiye, Azerbaijan, the UAE, and Iran for supporting Pakistan. He also called on all political parties, stakeholders, and civil society to come together to protect the country's national interests. The PM further claimed that the country's inflation had fallen from 34% to 5% and the interest rate went down to 11% from the earlier 21%.
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor fallout: Rattled Pakistan hastily props up new missile force; increases military sepnding
After India's devastating Operation Sindoor , a rattled Pakistan is working hastily to improve its military capabilities, establishing a new military force to oversee its missile arsenal, the Army Rocket Force Command. Pakistani PM Shehbaz Sharif made the announcement late Wednesday, speaking at the country's 78th Independence Day ceremony in Islamabad. "It will be equipped with modern technology and capable of striking the enemy from all directions," he said, adding, "It will improve our conventional war capabilities." 'It is a key milestone in the advancement of the country's military response capability,' Sharif further stated. Pakistan's new force is reportedly modelled on its all-weather ally China's People's Liberation Army Rocket Force, which oversees an arsenal of land-based ballistic, hypersonic, and cruise missiles, both nuclear and conventional. "After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process," defence analyst Talat Masood, a former general, told AFP. Pakistan's President Asif Ali Zardari, three services chiefs and other national dignitaries were also present at the event, PTI reported. Back in May, Pakistan and India engaged in a fierce four-day conflict involving missile, drone and artillery fire. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo It was the deadliest escalation between the nuclear-armed rivals since 1999. The conflict erupted after India launched Operation Sindoor in retaliation against Pakistan-backed terrorists who killed 26 tourists in Pahalgam, Jammu and Kashmir. Pakistan deployed several of its missile systems during the fighting, alongside J-10C Vigorous Dragon and JF-17 Thunder fighter jets. Islamabad has since moved to strengthen the country's defences, raising military spending by 20% in the June budget. Plans are also under way to acquire 40 new Chinese fighter jets and modern air defence systems. In his address, Shehbaz also thanked nations including China, Saudi Arabia, Türkiye, Azerbaijan, the UAE, and Iran for supporting Pakistan. He also called on all political parties, stakeholders, and civil society to come together to protect the country's national interests. The PM further claimed that the country's inflation had fallen from 34% to 5% and the interest rate went down to 11% from the earlier 21%.
The Star
4 days ago
- Business
- The Star
Pakistan establishes new missile force after India conflict, PM Sharif says
ISLAMABAD: Pakistan will establish a new military force to supervise its missile capabilities, the prime minister has said, after its worst conflict in decades with South Asian arch-rival India. Prime Minister Shehbaz Sharif announced the formation of the Rocket Force Command while addressing an Independence Day ceremony in Islamabad attended by senior military officials late on Wednesday (Aug 13). "It will be equipped with modern technology and capable of striking the enemy from all directions," Sharif said at the ceremony, during which the deadly clash with India in May dominated official speeches and displays. "It will improve our conventional war capabilities," he said, commending the military for its performance. Pakistan and India fought an intense four-day conflict in May that killed more than 70 people on both sides in missile, drone and artillery fire, the worst clashes between the nuclear-armed neighbours since 1999. Pakistan has sophisticated missile capabilities, some of which it deployed in May alongside J-10C Vigorous Dragon and JF-17 Thunder fighter jets. Islamabad is boosting its military capabilities following the conflict, increasing defence spending by 20 percent in the current budget that was passed in June. The government also announced that it was in discussions to acquire 40 new Chinese fighter jets and new air defence systems. "After the recent conflict, the object of course is to further strengthen Pakistan's military capability and this is a part of that process," defence analyst Talat Masood, a former general, told AFP. The May conflict was triggered by a deadly attack on tourists in India-administered Kashmir a month earlier that Delhi blamed on Islamabad. Pakistan denied the allegation. Muslim-majority Kashmir has been divided between India and Pakistan since their independence from British rule in 1947. Both claim the region in full and have fought two wars and several conflicts over its control. - AFP
India Today
08-05-2025
- Business
- India Today
India-Pak tensions lift Chinese jet maker's stock by 36% in 2 days
The stock of Chinese jet maker Avic Chengdu Aircraft Co Ltd has gone up by over 36% in just two days. This sudden rise comes as tensions between India and Pakistan have increased following India's recent military Chengdu Aircraft is a Chinese defence company. It makes fighter jets such as the JF-17 Thunder and the J-10C Vigorous Dragon, which are used by the Pakistan Air Force. As of Thursday, the company's share price rose by 16.37% to reach 80.68 yuan. This was after a 17% jump on Wednesday. In total, the stock has gained 36.21% in two days and has gone up 44% in the past one jump in the company's stock price comes at a time when there have been many reports following India's recent strikes. Some reports on social media claimed that Pakistan had shot down Indian fighter jets. However, these were later debunked by fact checkers. The Indian Embassy also warned the Chinese state-run Global Times not to share unverified news about India's military carried out what it called Operation Sindoor, a missile attack on nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. These included targets in Bahawalpur, Kotli, Muzaffarabad, and Muridke, according to a statement from Pakistan's foreign ministry. Other places reportedly hit by Indian missiles included Gulpur, Bhimber, Bagh, Chak Amru, and was the first such missile operation by India since the 1971 war. It was a joint action by the Indian Army, Navy, and Air Force. Following the strikes, Pakistan's Karachi 100 stock index dropped by 3,559.48 points, or 3.13%, closing at 1,10,009.03 on stock markets, however, remained steady. Both Sensex and Nifty ended the day in green. Market experts said that while the situation with Pakistan has become tense, it has not affected investor confidence in India so far.A report from Emkay Global said India's strong reply after the Pahalgam terror attack has increased fears of further conflict. However, it believes markets will not be deeply affected unless the situation added that the market might see some pause or sideways movement in the short term, but still expects Nifty to grow by around 7% in FY26. Emkay also said small and mid-cap stocks may perform Singh, Founder at said that short-term caution is normal, but Indian markets have shown strong recovery in the past after similar incidents. 'Unless there is a larger economic or global shock, tensions between India and Pakistan have not caused long-term damage to markets. Investors should keep their focus on business fundamentals, not fear,' he InMust Watch advertisement
