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Breaking Update: India-Pakistan Ceasefire & Economic Impact (May 13, 2025)
India and Pakistan have agreed to a ceasefire after four days of intense cross-border conflict triggered by a deadly attack in Kashmir. While the violence has stopped, both sides remain on high alert.
Economic Impact:
Currency Volatility: The Pakistani Rupee briefly depreciated amid tensions but stabilized post-ceasefire.
Stock Markets: Both PSX and BSE showed cautious recovery, though investor sentiment remains shaky.
Crypto Market: Regional uncertainty led to short-term Bitcoin and altcoin selloffs; prices are slowly rebounding as ceasefire holds.
Gold: Demand for gold surged during the conflict but is cooling off slightly.
Markets are expected to stay volatile until long-term peace talks show progress.