ISLAMABAD: As India’s Op Sindoor continues to damage the terrorist infrastructure amd its support structure in Pakistan and Pakistan-occupied Jammu and Kashmir, the Pakistan government has pleaded with international partners to provide more loans. It has also called on international partners to help de-escalate as the stocks were crashing.
The Pakistan government made the request in an account purportedly belonging to the Economic Affairs Division, Government of Pakistan, on the social media platform X.
In a post on X, Economic Affairs Division, Government of Pakistan, stated, “Govt of Pakistan appeals to International Partners for more loans after heavy losses inflected by enemy. Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast.”
https://x.com/eadgop/status/1920683116441604197
Pakistan’s economy is in the doldrrums. Pakistan’s outstanding debt to the IMF was approximately USD 8.8 billion. Pakistan is the fourth-largest debtor to the IMF. The weak sentiments are also reflected in stock market indices. Pakistan’s benchmark KSE-100 index has lost over 7,500 points, or 6% since April 23. On Monday, Moodys’ warned that sustained escalation in tension with India could hurt Pakistan’s growth, impact its fiscal consolidation and macroeconomic stability.
On Thursday, Indian Armed Forces successfully neutralised Pakistan military’s attempts of a large-scale drone and missile attack on multiple Indian military installations across Northern and Western India during the night of May 7-8 and an Air Defence system at Lahore has been neutralised.
Addressing the Ministry of External Affairs’ (MEA) press briefing on Thursday, Colonel Sofiya Qureshi said that India’s Integrated Counter-UAS Grid and Air Defence systems successfully neutralised the threats.She further said that in response to Pakistan’s attempted attacks, the Indian Armed Forces this morning targeted multiple air defence radars and systems across Pakistan.
“This morning, the Indian Armed Forces targeted Air Defence Radars and systems at a number of locations in Pakistan. Indian response has been in the same domain with same intensity as Pakistan. It has been reliably learnt that an Air Defence system at Lahore has been neutralised,” she said.
“On the night of 07-08 May 2025, Pakistan attempted to engage a number of military targets in Northern and Western India including Awantipura, Srinagar, Jammu, Pathankot, Amritsar, Kapurthala, Jalandhar, Ludhiana, Adampur, Bhatinda, Chandigarh, Nal, Phalodi, Uttarlai, and Bhuj, using drones and missiles. These were neutralised by the Integrated Counter UAS Grid and Air Defence systems. The debris of these attacks is now being recovered from a number of locations that prove the Pakistani attacks,” Colonel Qureshi said.
Meanwhile, during the intervening night of May 8 and May 9, the Indian Army successfully repelled and decisively responded to multiple drone attacks and ceasefire violations by Pakistan along the western border and the Line of Control (LoC) in Jammu and Kashmir, the Indian Army stated.
Ther Army said, “Pakistan Armed Forces launched multiple attacks using drones and other munitions along entire Western Border on the intervening night of 08 and 09 May 2025. Pak troops also resorted to numerous cease fire violations (CFVs) along the Line of Control in Jammu and Kashmir. The drone attacks were effectively repulsed and befitting reply was given to the CFVs. Indian Army remains committed to safeguarding the sovereignity and territorial integrity of the Nation. All nefarious designs will be responded with force.”
Earlier on Thursday, the Indian Army had shot down more than 50 Pakistani drones during the large-scale counter-drone operation along the LoC and International Borders (IB), sources told ANI. (ANI)
