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Pakistan test-fires 2nd missile amid escalated tensions with India

Iran Press TV

Monday, 05 May 2025 3:10 PM

Pakistan has test launched a second ballistic missile amid mounting tensions with India.

The missile test on Monday was the second missile test in three days as Pakistan makes preparation for a possible attack by India following a deadly attack in April on tourists in the resort town of Pahalgam in the disputed Kashmir region.

New Delhi blames Pakistan for the attack; however, Islamabad denies any involvement in it.

Meanwhile, according to the Pakistani military, the army successfully test-fired a Fatah series surface-to-surface missile with a range of 120 km after Saturday's successful testing of another missile with a range of 450 kilometers.

The missiles were launched as part of military exercises "aimed at ensuring the operational readiness of troops and validating key technical parameters, including the missile's advanced navigation system and enhanced maneuverability features," the military said.

Pakistani missiles, it added, were capable of carrying conventional and nuclear warheads. Pakistani President Asif Ali Zardari and Pakistani Prime Minister Shehbaz Sharif congratulated the scientists, engineers and all those behind Pakistan's successful missiles' program.

Meanwhile, Moody's credit rating agency warned the two neighboring nuclear rivals that the standoff between them could have economic repercussions.

It said the standoff would hurt Pakistan's $350 billion economy, which is on a path to recovery after securing a $7 billion bailout program from the International Monetary Fund last year and staving off a default threat.

"Sustained escalation in tensions with India would likely weigh on Pakistan's growth and hamper the government's ongoing fiscal consolidation, setting back Pakistan's progress in achieving macroeconomic stability," Moody's said.

"A persistent increase in tensions could also impair Pakistan's access to external financing and pressure its foreign-exchange reserves," it added.

In regard to India's economy, Moody's warned that higher military spending could have a negative impact on New Delhi's economic robustness, and slow down the country's fiscal consolidation.

Monday's missile tests came as Iran's foreign minister said Tehran was ready to help India and Pakistan "forge greater understanding" after the escalation of tensions.

Iran deems its ties with Pakistan and India as highly important, Abbas Araghchi told reporters upon his arrival at Islamabad on Sunday night. Araghchi will head to India on Thursday.