A series of military strikes last week by India and Pakistan brought the nuclear-armed rivals closer to a broader war.

A tense silence settled over India and Pakistan as millions woke Thursday: no more missiles had been fired, schools in most areas had reopened and both sides appeared to be claiming victory.

The recent sparks of war between India and Pakistan, apart from the long-standing Kashmir issue, have brought renewed attention to Chinese weapons,

India’s missile and bomb strikes on targets in Pakistan and Pakistani-controlled Kashmir have prompted multiple attacks in retaliation between the nuclear-armed neighbors to the point that some are now calling it a de facto war.

The recent military escalation with arch-rival India won't have a large fiscal impact on Pakistan and can be managed within the current fiscal space, with no need for a new economic assessment, Pakistan's Finance Minister said in an interview with Reuters on Monday.