India and Pakistan agree to ceasefire after Operation Sindoor targets terror hubs; trade implications emerge.
On May 11, 2025, India and Pakistan announced a ceasefire following Operation Sindoor, a series of Indian military strikes targeting nine terror camps across Pakistan and Pakistan-administered Kashmir. The operation resulted in over 100 militant casualties, including individuals linked to the IC 814 hijacking and the Pulwama attack. India reported five soldier fatalities, while Pakistan acknowledged approximately 35 to 40 military personnel losses due to artillery and small arms fire along the Line of Control between May 7 and 10.
Despite the ceasefire, reports of cross-border firing persisted, with incidents of drone activity in regions like Barmer and Sriganganagar. India emphasized that any future escalations would be met with decisive responses.
The conflict’s escalation raised concerns over regional trade stability. In response, U.S. President Donald Trump offered to enhance trade relations with both nations, aiming to bolster economic ties and support the fragile peace. Pakistan welcomed this initiative, expressing eagerness to strengthen economic connections with the U.S.
While the ceasefire offers a temporary respite, the situation remains tense, with both nations urging vigilance and preparedness for any potential violations.
Source: The Hindu, The Economic Times, Business Insider
