Latest news with #Pakistan-administered
Yahoo
2 days ago
- Business
- Yahoo
Another war news sends market reeling
Crypto markets are reeling after a war is being waged, with India launching precision strikes into Pakistan-administered territory on May 6 — sparking fears of broader regional instability and rattling investors worldwide. As geopolitical tensions exploded into open conflict between the two nuclear-armed nations, Bitcoin dropped to $94,671, Ethereum to $1,774, and Solana to $144, reflecting a broader sell-off in digital assets. Altcoins across the board followed announced it had carried out 'Operation Sindoor,' hitting nine sites in Pakistan and Pakistan-controlled Kashmir that it described as 'terrorist infrastructure.' In a statement, the Indian government said, 'Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted.' President Donald Trump, reacting from the White House, told reporters, 'It's a shame,' after being informed of the escalation. Crypto markets, often seen as safe havens during financial uncertainty, are reacting differently in the face of war-related risk. Investor behavior shows a clear shift to de-risking, as wallets move into stablecoins and away from speculative positions. The sentiment mirrors similar declines during earlier geopolitical shocks, but this time, the potential for rapid escalation between two heavily armed neighbors adds a new layer of unpredictability. Volatility is expected to continue in the coming days, as investors await more clarity from both governments. Any further escalation or retaliatory strikes could deepen the market's slide. "The geopolitical tensions between India and Pakistan, including 'Operation Sindoor,' have introduced short-term volatility, which may impact prices. Long-term effects will depend on the resolution of the conflict," said Himanshu Maradiya, Founder and Chairman, CIFDAQ Group. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
3 days ago
- Politics
2 police officers, 4 Pakistani Taliban killed in a rare raid in Pakistan-held Kashmir
MUZAFFARABAD, Pakistan -- Security forces acting on intelligence raided a militant hideout in Pakistan-administered Kashmir, triggering a shootout that left two police officers and four Pakistani Taliban fighters dead, police said Thursday. The overnight raid was carried out in the Rawalakot district, according to Abdul Jabbar, the police chief in Kashmir, which is split between Pakistan and India and claimed in full by both countries in its entirety. Jabbar said the killed militants were members of the Pakistani Taliban, who are known as Tehrik-e-Taliban Pakistan or TTP and are allies of the Afghan Taliban. He alleged the TTP is acting as a proxy for India and said police thwarted an attempt by the insurgents to create a base for future attacks. There was no immediate response from New Delhi. In a separate shootout with insurgents, four soldiers and five Pakistani Taliban were killed in the northwestern North Waziristan district, the military said in a statement Thursday night. While Pakistani security forces frequently target TTP hideouts in the restive northwest and elsewhere, such operations in Kashmir are rare. TTP is a separate group and has been emboldened since the Afghan Taliban returned to power in Afghanistan in 2021.
Yahoo
3 days ago
- General
- Yahoo
2 police officers, 4 Pakistani Taliban killed in a rare raid in Pakistan-held Kashmir
MUZAFFARABAD, Pakistan (AP) — Security forces acting on intelligence raided a militant hideout in Pakistan-administered Kashmir, triggering a shootout that left two police officers and four Pakistani Taliban fighters dead, police said Thursday. The rare overnight raid was carried out in the Rawalakot district, according to Abdul Jabbar, the police chief in Kashmir, which is split between Pakistan and India and claimed in full by both countries in its entirety. Jabbar said the killed militants were members of the Pakistani Taliban, who are known as Tehrik-e-Taliban Pakistan or TTP and are allies of the Afghan Taliban. He alleged the TTP is acting as a proxy for India and said police thwarted an attempt by the insurgents to create a base for future attacks. There was no immediate response from New Delhi. While Pakistani security forces frequently target TTP hideouts in the restive northwest and elsewhere, such operations in Kashmir are rare. TTP is a separate group and has been emboldened since the Afghan Taliban returned to power in Afghanistan in 2021. Many TTP leaders and fighters have since found sanctuary in Afghanistan.
The Hill
3 days ago
- Politics
- The Hill
2 police officers, 4 Pakistani Taliban killed in a rare raid in Pakistan-held Kashmir
MUZAFFARABAD, Pakistan (AP) — Security forces acting on intelligence raided a militant hideout in Pakistan-administered Kashmir, triggering a shootout that left two police officers and four Pakistani Taliban fighters dead, police said Thursday. The rare overnight raid was carried out in the Rawalakot district, according to Abdul Jabbar, the police chief in Kashmir, which is split between Pakistan and India and claimed in full by both countries in its entirety. Jabbar said the killed militants were members of the Pakistani Taliban, who are known as Tehrik-e-Taliban Pakistan or TTP and are allies of the Afghan Taliban. He alleged the TTP is acting as a proxy for India and said police thwarted an attempt by the insurgents to create a base for future attacks. There was no immediate response from New Delhi. While Pakistani security forces frequently target TTP hideouts in the restive northwest and elsewhere, such operations in Kashmir are rare. TTP is a separate group and has been emboldened since the Afghan Taliban returned to power in Afghanistan in 2021. Many TTP leaders and fighters have since found sanctuary in Afghanistan.
Winnipeg Free Press
3 days ago
- Politics
- Winnipeg Free Press
2 police officers, 4 Pakistani Taliban killed in a rare raid in Pakistan-held Kashmir
MUZAFFARABAD, Pakistan (AP) — Security forces acting on intelligence raided a militant hideout in Pakistan-administered Kashmir, triggering a shootout that left two police officers and four Pakistani Taliban fighters dead, police said Thursday. The rare overnight raid was carried out in the Rawalakot district, according to Abdul Jabbar, the police chief in Kashmir, which is split between Pakistan and India and claimed in full by both countries in its entirety. Jabbar said the killed militants were members of the Pakistani Taliban, who are known as Tehrik-e-Taliban Pakistan or TTP and are allies of the Afghan Taliban. He alleged the TTP is acting as a proxy for India and said police thwarted an attempt by the insurgents to create a base for future attacks. There was no immediate response from New Delhi. While Pakistani security forces frequently target TTP hideouts in the restive northwest and elsewhere, such operations in Kashmir are rare. TTP is a separate group and has been emboldened since the Afghan Taliban returned to power in Afghanistan in 2021. Many TTP leaders and fighters have since found sanctuary in Afghanistan.
