Tit-for-tat after deadly Pahalgam attack: Pakistan's hard-hitting retaliation against India
Terror Assault in Pahalgam: Pakistan Suspends Simla accord, Closes Airspace, and Annuls Visas
It's a tense standoff between India and Pakistan after the chilling Pahalgam terror attack claimed the lives of 26 tourists. In a swift response, India slammed Pakistan for supporting cross-border terrorism, leading to a diplomatic, economic, and political upheaval:
*Pahalgam Terror Attack Updates*
India has publicly accused Pakistan of being the masterminds behind the Pahalgam attack, despite a lack of concrete evidence as of now. Pakistan, on the other hand, flatly denies these allegations and warns against any "kinetic action" by India, promising a reciprocal response. In a statement released by the Pakistani PMO, it warned India to refrain from exploiting the tragedy for its advantage.
Key Developments Summarized:
Cancellation of Indian Visas: Pakistan has put a halt on all visas issued to Indian nationals and ceased processing new visas with immediate effect.
ICAO Airspace Closure: Pakistani airspace has been barred for all Indian-owned or Indian-operated airlines, disrupting major flight routes and causing inconvenience.
Pahalgam Attack: Pakistan Suspends Visa Services for Indian Nationals
Economic Sanctions: All trade between India and Pakistan, including trade via third countries, has been temporarily suspended. The Wagah border crossing, the only functional land route between the two nations, has been shut down indefinitely.
Diplomatic Reduction: Both countries have agreed to reduce their diplomatic missions, meaning India and Pakistan will each maintain only 30 personnel in their respective high commissions by May 1, 2025.
Indus Waters Treaty Suspension: In response to Pakistan's alleged support for cross-border terrorism, India announced its decision to suspend the 1960 Indus Waters Treaty. Pakistan strongly opposes this move, describing it as a breach of international law. The treaty is a vital lifeline for its 240 million citizens, according to Pakistan.
UN's Call for Caution: Amid the escalating tensions, the United Nations has appealed to both nations to exercise "maximum restraint."
Meanwhile, Indian Prime Minister Narendra Modi has called for an all-party meeting to discuss the aftermath of the Pahalgam attack and India's action plan. Pakistan's Defense Minister asserts that those responsible for this heinous attack will be "tracked and punished." Mass protests, demanding justice and decisive action, have erupted across Kashmir and major Indian cities.
As this conflict develops, strategic analysts and global stakeholders are keeping a close eye on the situation, fearing the possibility of escalation between the nuclear-armed neighbors.
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Detailed Insights:
Diplomatic Measures:- Visa limitations: India has revoked all SAARC Visa Exemption Scheme (SVES) visas for Pakistani nationals, giving them 48 hours to leave. Normal visa services for Pakistani nationals have been suspended, except for medical visas valid until April 29.- Diplomatic staff reductions: India has expelled Pakistan’s defense, naval, and air advisors, labeling them persona non grata. Both nations have agreed to maintain a maximum of 30 personnel in their respective high commissions by May 1.
Strategic Actions:- Indus Waters Treaty suspension: India has temporarily suspended the 1960 treaty, citing Pakistan’s alleged support for cross-border terrorism.- Border shutdowns: India closed the Attari-Wagah land crossing, while Pakistan has blocked airspace for Indian carriers and put the 1972 Simla Agreement of governing bilateral disputes in abeyance.
Economic and Security Impacts:- Trade blockage: All trade between India and Pakistan has been put on hold.- Military skirmishes: Incidents of shooting along the Line of Control (LoC) have occurred, with India repelling alleged Pakistani firing. Pakistan has accused India of involvement in Balochistan, while India has denied any link to the Pahalgam attack.
- Despite disputes over the Pahalgam terror attack, strategic analysts and global stakeholders are vehemently watching for potential countermeasures in finance and the defi sector, fearing the impact on the larger market.
- Amidst politics and general news, India's economic sanctions against Pakistan have caused turbulence in the stock market, with experts predicting a negative unfolding for businesses.
- In a lifeline for trade between Pakistan and other countries, Pakistan capsized the Indian-led financial boycott, pursuing alternative markets to counteract the strain.
- In the wake of a tense geopolitical situation stemming from war-and-conflicts and terrorist attacks, the United Nations has urged both nations to prioritize ceasefire discussions and implement diplomatic measures to de-escalate the crisis.
- As the Pahalgam attack polarizes international opinions, Pakistan's foreign minister has called upon the global community to pressure India into ceasing its hostile actions in order to find a peaceful resolution for the sake of regional security.
