Key development: May 12
Live updates
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Life returns to normalcy as India reopened its airports on Monday, Pakistan having done so a day earlier. Pakistan stock market was up 9 percent while Indian stock markets improved 2 percent. Pakistan’s dollar bonds also rallied.
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The director generals military operations from (DGMOs) from both countries are set to establish a hotline contact today. Reports say Pakistan and India may hold direct talks in a third country, possibly Saudi Arabia.
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Pakistan armed forced on Sunday night warned India of Pakistan’s ‘decisive’ response in the event of ceasefire violation.
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