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Nikkei Asia
09-05-2025
- Politics
- Nikkei Asia
The Chinese-made jet bringing down Indian fighters in Pakistan
ISLAMABAD -- Amid a sharp escalation of tensions between two nuclear-armed neighbors, Pakistan said this week that it brought down five Indian fighter jets, including three Rafale, one MiG-21, and one SU-30. What was scrambled to stop the French- and Russian-made aircraft from advancing into Pakistani air space? Chinese-made J-10C fighter jets. Ishaq Dar, Pakistan's Foreign Minister, while addressing the national assembly on Wednesday, claimed that Pakistan used the J-10C against incursions by Indian jets.
Business Recorder
08-05-2025
- Politics
- Business Recorder
West ignores Modi's terror links for economic gains, says Pakistan's Asif
Pakistan's Defence Minister Khwaja Asif blasted the West for hypocrisy in its treatment of Indian Prime Minister Narendra Modi, amid heightened tensions between the two nuclear-armed countries. 'Doesn't the world think that you deny one person [Modi] a visa, declare him a terrorist, and call him the 'Butcher of Gujarat',' said Asif, in an interview with Geo News on Wednesday. Asif argued that Pakistan is often blamed for terrorism without concrete evidence, whereas Modi has documented allegations against him, yet the Indian PM is embraced internationally because of India's large market and economic importance. 'Pakistan only faces allegations, while the West, including the US and Canada, has provided evidence against him [Modi] proving he is a terrorist. 'But because of people's material gains and material concentrations — that it's [India] is a huge market with 1.5 billion people and there's money to be made — I'm telling you that even today, poverty there [India] is worse than ours. 'If you exclude their top 5%, their GDP is still lower than ours,' he said. The remarks come amid tensions between Pakistan and India that rose after an attack in the Indian Illegally Occupied Jammu and Kashmir (IIOJK) killed 26 men, for which New Delhi blamed Islamabad. Pakistan denied the allegations and called for a neutral investigation of the attack. In the wee hours of Wednesday, the Pakistan military brought down five Indian Air Force jets, including three Rafale jets, in retaliation following Indian missile attacks. At least 31 Pakistanis were martyred and dozens were injured in Indian missile attacks inside Pakistan at six locations, Director General of Inter-Services Public Relations (DG ISPR) Lt Gen Ahmed Sharif Chaudhry said in a press conference. Pakistan shot down five Indian jets, including three Rafale, one MiG-21, and one SU-30, he informed. India reportedly responded with drone strikes, killing at least one person on Wednesday. 'India last night took yet another blatant military act of aggression against Pakistan by sending Herap drones at multiple locations,' Chaudhry said in his latest press conference on Thursday. He said that the Pakistan Army shot down 25 Indian drones in multiple locations in Pakistan. 'The Pakistan armed forces, using their soft-kill (technical) and hard-kill (weaponised) skills fully, have shot down 25 Israeli-made Harop drones sent by India,' the Inter-Services Public Relations (ISPR) said in a statement today.
Business Recorder
08-05-2025
- Business
- Business Recorder
S&P warns of elevated credit risks amid soaring Pakistan-India military tensions
S&P Global Ratings, an American credit rating agency, on Thursday warned that heightened tensions between Pakistan and India following an outbreak of hostilities have amplified regional credit risks. In a statement, the global rating agency said it expects intense military actions between the countries to be temporary, leading to contained confrontations. However, it cautioned that miscalculations could significantly erode credit risks for both sovereigns. The remarks come amid tensions between Pakistan and India that rose after an attack in the Indian Illegally Occupied Jammu and Kashmir (IIOJK) killed 26 men, for which New Delhi blamed Islamabad. Pakistan denied the allegations and called for a neutral investigation of the attack. In the wee hours of Wednesday, the Pakistan military brought down five Indian Air Force jets, including three Rafale jets, in retaliation following Indian missile attacks. At least 31 Pakistanis were martyred and dozens were injured in Indian missile attacks inside Pakistan at six locations, Director General of Inter-Services Public Relations (DG ISPR) Lt Gen Ahmed Sharif Chaudhry said in a press conference. Pakistan shot down five Indian jets, including three Rafale, one MiG-21, and one SU-30, he informed. India reportedly responded with drone strikes, killing at least one person on Wednesday. 'India last night took yet another blatant military act of aggression against Pakistan by sending Herap drones at multiple locations,' Chaudhry said in his latest press conference on Thursday. Pakistan confirms use of Chinese J-10C jets to repel Indian aggression He said that the Pakistan Army shot down 12 Indian drones in multiple locations in Pakistan. However, despite the increased escalation, S&P does not anticipate an immediate impact on both sovereigns' credit ratings. The rating agency was of the view that tensions would remain high in the next weeks, with possible further military actions, but an ensuing de-escalation will limit lasting negative effects on sovereign creditworthiness. It said that neither country will gain from a prolonged conflict, as it would derail Pakistan's road to macroeconomic stability and deter foreign investment in India amid global economic volatility.
The Star
08-05-2025
- Politics
- The Star
Pakistan signals potential retaliation for India air strikes
ISLAMABAD: Pakistan said it reserves the right to retaliate after India launched targeted strikes, signaling a potential further escalation in hostilities between the nuclear-armed rivals following last month's deadly Kashmir attacks. Just hours after India hit nine targets in Pakistan, Prime Minister Shehbaz Sharif's office said in a statement that the country "reserves the right to respond, in self-defense, at a time, place, and manner of its choosing.' "The Armed Forces of Pakistan have duly been authorised to undertake corresponding actions,' the statement, issued after the National Security Committee meeting, added. Islamabad's response is likely to intensify tensions in a region already unsettled by the April 22 militant attacks in India's Jammu and Kashmir, which left 26 civilians dead. US President Donald Trump on Wednesday (May 7) called the situation "so terrible' when asked about it during White House event, adding "I want to see them work it out.' "They've gone tit-for-tat, so hopefully they can stop now,' Trump said. "We get along with both the countries very well, good relationships with both, and I want to see it stop. And if I can do anything to help, I will be there.' India said in a statement early Wednesday that it conducted "a precise and restrained response' that was "designed to be non-escalatory in nature.' The strikes were the deepest breach of Pakistani territory since the 1971 war. New Delhi said it only targeted "known terror camps' and hit no Pakistani civilian, economic or military targets. Pakistan's army said 31 civilians were killed in the strikes by India. Pakistan's Ministry of Foreign Affairs called the move an "act of war.' For now, there is little clarity on how Pakistan will respond. The last time the two sides came close to an all-out war was in 2019, after a suicide bomber killed 40 members of India's security forces. India blamed Pakistan and responded about two weeks later with its first airstrikes on Pakistani soil since 1971. Pakistan retaliated by shooting down an Indian jet and arresting the pilot, who was later released. Tensions died down soon afterward. Pakistan's army said Wednesday it shot down Indian jets - including three Rafales, a MiG-29, and an SU-30 - following the strike. At a New Delhi briefing, Indian Foreign Secretary Vikram Misri detailed the April militant attack and investigation but did not address Pakistan's claim. During a television address late Wednesday, Sharif said that Pakistani and Indian jets engaged in an hour-long dog fight along the border. "India now must face consequences of the mistake it committed,' he said. Also on Wednesday, Pakistan International Airlines said in a message that the country's airspace has been reopened. India struck Pakistan beyond the disputed Kashmir territory, hitting seven locations - Bahawalpur, Muridke, Tehra Kalan, Sialkot, Bhimber, Kotli, Muzaffarabad - according to government officials from both countries. The action so far mirrors previous incidents, indicating a reluctance by the two sides to escalate the conflict, Rajeswari Pillai Rajagopalan, resident senior fellow at the Australian Strategic Policy Institute. "Things can go out of control, spin out of control,' she said. "That's something that the political leadership on both sides are mindful of. But if you look at their repeated conflicts over the last three decades since both countries went nuclear in 1998, both sides have shown restraint.' Indian stocks closed slightly higher after swinging between gains and losses during the day. The rupee weakened 0.5% against the dollar and yields on the benchmark bond fell. Stocks pared decline in Pakistan. The Indian National Congress, the country's main opposition party, backed the military action, but refrained from calling for more strikes. US Secretary of State Marco Rubio said he is closely monitoring the rising tensions, while the President Donald Trump, speaking in the Oval Office, called the situation "a shame.' "They've been fighting for a long time,' Trump said. "I just hope it ends very quickly.' The Indian Army on Wednesday said it engaged in cross-border firing with Pakistan's forces, using heavy caliber weapons. At least three Indian civilians have been killed so far in the firing, it added. Ties between the nuclear-armed South Asian rivals have rapidly deteriorated in the wake of the Kashmir attack, which India has called an act of terrorism. Prime Minister Narendra Modi's government had accused Pakistan of involvement and vowed to punish those responsible. Pakistan has denied any links to the attacks. India called its military strike "Operation Sindoor,' a reference to the sacred vermilion powder married Hindu women wear along their hairline. Survivors of the April 22 attack said that men were shot while their wives and children watched. Tensions had also escalated following the Kashmir attack after India suspended a long-standing Indus Waters Treaty, with Pakistan saying earlier in the day that India has almost entirely stopped the flow of water across the border through the Chenab river, which is crucial for farm irrigation. India and Pakistan are two of the world's most acrimonious neighbors, and the long-running tensions between them center on the border region of Kashmir, an area in the Himalayas claimed in full - and ruled in part - by both. New Delhi, for decades, has been frustrated by what it sees as the Pakistani military's support for terror groups that strike inside its territory. Skirmishes in the border areas have continued in the past few days and both nations took steps to show their operational readiness. Pakistan conducted surface-to-surface missile tests this week, highlighting its military might and India ordered mock drills across several states to ensure preparedness amid the standoff. Since achieving independence from Britain in 1947, India and Pakistan have fought several times over the disputed Himalayan region. The most recent prolonged fighting occurred in 1999, when Pakistani troops infiltrated Kargil, an Indian-controlled district in Kashmir. That lasted for several months until Pakistani forces withdrew from locations on the Line of Control, the de facto border. - Bloomberg
Business Recorder
07-05-2025
- Politics
- Business Recorder
Pakistan summons Indian Chargé d'Affaires, lodges protest over unprovoked strikes
Pakistan lodged a strong protest on Wednesday with India over the unprovoked strikes at multiple locations across Pakistan and Azad Jammu and Kashmir. Indian Chargé d'Affaires was summoned to the Ministry of Foreign Affairs today following Indian airstrikes in Pakistan that martyred 26 and injured 45, said the Foreign Office (FO). The press release said that it was conveyed that India's blatant act of aggression constitutes a clear violation of Pakistan's sovereignty. 'Such actions are in contravention of the UN Charter, international law, and established norms governing inter-state relations,' said the FO. Pakistan firmly rejected India's baseless justifications for its hostile conduct and warned that such reckless behavior poses a serious threat to regional peace and stability. On the wee hours of Wednesday, Indian missile attacked inside Pakistan at 6 locations. How world leaders react to Indian strikes in Pakistan after Occupied Kashmir attack Director General of Inter-Services Public Relations (DG ISPR) Lt Gen Ahmed Sharif Chaudhry in a press conference said Indian missiles were launched at sites including Bahawalpur, Kotli and Muzaffarabad cities. Following the attack, Pakistan military brought down five Indian Air Force jets, including three Rafale, one MiG-21, and one SU-30, he informed. An Indian brigade headquarters and checkpost along Line of Control were also destroyed, DG ISPR said. 'At no time, any of their [Indian] aircraft were allowed to enter into Pakistan's airspace and also at no time, none of Pakistan's aircraft went into Indian airspace,' he said.
