India, Pakistan Military Chiefs to Discuss Ceasefire as Markets Rebound

Peace Talks Initiated Following Four Days of Hostilities

India’s military operations chief is scheduled to engage in discussions with his Pakistani counterpart today to strategize the implementation of a recently brokered ceasefire. This development follows four days of intense cross-border hostilities between the two nuclear-armed neighbors. The ceasefire, announced on Saturday, was facilitated by U.S. President Donald Trump and aims to de-escalate tensions in the region. Reuters

The Indian Army reported that Sunday night was the first peaceful night in recent days along the border, with no new incidents of violence. However, some schools in the border regions remain closed as a precautionary measure.

Communication and Denials

On Sunday, India sent a “hotline” message to Pakistan addressing alleged ceasefire violations and indicating its intent to respond to any further incidents. Pakistan’s military has denied any violations.

Both countries confirmed that their director generals of military operations would officially speak on Monday to stabilize the ceasefire and reduce further risks of escalation.

Resumption of Civil Operations

In response to the improved security situation, India reopened 32 airports that had been closed during the clashes. The Airports Authority of India confirmed that these airports are now available for civil operations. Pakistan had already reopened its airspace on Saturday.

Economic Indicators Show Positive Trends

Financial markets in both countries responded positively to the ceasefire. Pakistan’s benchmark share index rose by 8.5% on Monday, recovering most of its recent losses. Indian stock indices also climbed by around 3%. Additionally, the International Monetary Fund approved a $1.4 billion loan for Pakistan through its climate resilience fund and completed the first review of its $7 billion economic program.

Divergent Views on Mediation

While Pakistan has welcomed U.S. involvement in facilitating the ceasefire and expressed openness to mediation on the Kashmir issue, India maintains that all disputes with Pakistan should be resolved bilaterally, without third-party intervention.