Pakistani officials have said Saturday’s ceasefire with India reestablished deterrence. But New Delhi insists the rules of engagement have irrevocably changed.

Civilian flights were returning to normal, and stocks jumped in both nations, signs of confidence that the agreement to halt fighting was holding.

While the ceasefire between India and Pakistan is a welcome development, analysts widely view it as tenuous due to deep-rooted mistrust and historical animosities. Further undermining its credibility is India’s post-agreement rhetoric, which framed the truce as an informal “understanding” rather than a binding accord.