Saudi Arabia, other nations welcome news of India-Pakistan ceasefire

A partially damaged wall of the Neelum Jhelum Hydropower Project is pictured following Indian strikes in Nausari, about 40kms from Muzaffarabad, the capital of Azad Kashmir, on May 8, 2025. (AFP)
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Updated 10 May 2025
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Saudi Arabia, other nations welcome news of India-Pakistan ceasefire

  • Pakistan appreciates Saudi Arabia’s positive role in promoting regional peace and stability
  • Western powers say ‘dialogue is key,’ hoping both sides to respect the ceasefire agreement

ISLAMABAD: Saudi Arabia, China, the United Arab Emirates, and several other countries on Saturday welcomed the ceasefire understanding between Pakistan and India, following a week of military escalation that raised fears of a full-blown war between the two South Asian neighbors.

The ceasefire, brokered with US support after missile and drone exchanges between the nuclear-armed neighbors, has drawn a wave of diplomatic endorsements after many countries called for restraint and renewed dialogue.

Pakistan has credited the international community for playing a constructive role in defusing tensions, while also emphasizing its own measured response to what it described as Indian aggression.

“Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, received a call from the Saudi Minister of State for Foreign Affairs, Adel Aljubeir @AdelAljubeir, who welcomed the ceasefire understanding between

Pakistan and India,” Pakistan’s foreign office said in a post on social media platform X.

“DPM appreciated Saudi Arabia’s positive and constructive role in promoting peace & security in South Asia,” it added.

Dar also spoke with Chinese Foreign Minister Wang Yi, briefing him on the regional situation following Indian attacks and Islamabad’s “carefully calibrated response.”

According to Pakistan’s foreign office, Wang acknowledged Pakistan’s restraint and described its actions as responsible under challenging circumstances.

China reaffirmed its support for Pakistan’s sovereignty and territorial integrity and pledged continued coordination.

The UAE also expressed support for the ceasefire.

In a separate call, UAE Deputy Prime Minister Sheikh Abdullah bin Zayed welcomed the development, and Dar commended the Gulf state’s diplomatic engagement in fostering regional peace.

Germany’s foreign office described the ceasefire as a “first, important step out of the escalation spiral” and stressed the importance of dialogue.

“Dialogue is key,” it said. “The German government has been in contact with both sides in the past days.”

Kaja Kallas, the EU High Representative for Foreign Affairs, said she had spoken with both Indian and Pakistani foreign ministers and called the truce a “vital step toward de-escalation.”

“All efforts must be made to ensure it is respected,” she wrote on X, reaffirming the EU’s commitment to peace, stability and counter-terrorism in the region.

The flare-up between Pakistan and India, one of the most serious in recent years, followed a deadly attack in Indian-administered Kashmir last month and escalated into missile strikes, drone attacks and cross-border fire over the past week.

The ceasefire, announced Saturday, has temporarily halted hostilities, with both sides trading blame for the conflict.


Pakistan’s first female central bank governor dies at 71

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Pakistan’s first female central bank governor dies at 71

  • Shamshad Akhtar led the State Bank of Pakistan from 2006 to 2009 and later served twice as caretaker finance minister
  • Finance Minister Muhammad Aurangzeb describes Akhtar as an accomplished economist and an outstanding human being

KARACHI: Shamshad Akhtar, Pakistan’s first woman to serve as governor of the central bank and one of the country’s most internationally experienced economic policymakers, died at the age of 71, officials said on Saturday.

Akhtar led the State Bank of Pakistan from 2006 to 2009, becoming the first and only woman to lead the institution since its establishment in 1948. She later served twice as caretaker finance minister, overseeing fiscal management during transitional governments ahead of the 2018 and 2024 general elections.

According to local media reports, Akhtar died of cardiac arrest.

President Asif Ali Zardari expressed sorrow over her passing in a statement.

“The president paid tribute to her services in the field of economics and financial management, noting her contribution to strengthening economic governance in the country,” the presidency said, adding that he extended condolences to the bereaved family and prayed for the departed soul.

Finance Minister Muhammad Aurangzeb described Akhtar as a highly accomplished economist and an outstanding human being.

“Dr. Shamshad Akhtar was a dignified, principled and wise voice in Pakistan’s economic history,” he said.

He said she served Pakistan with integrity and dedication across several senior economic roles, adding that her national service would always be remembered with respect.

At the time of her death, Akhtar was serving as chairperson of the Pakistan Stock Exchange, a role that placed her at the intersection of Pakistan’s monetary policy, fiscal management and capital markets.

Beyond Pakistan, she held senior positions at major international institutions, including the World Bank, the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

Born in Hyderabad, she was educated in Karachi and Islamabad and held advanced degrees in economics from institutions in Pakistan and the United Kingdom.

Akhtar was widely regarded as a technocrat known for institutional discipline, policy continuity and a strong commitment to economic reform.

With input from Reuters