The claims have grave implications for India. It has modernised its forces in the past decade by buying 62 Rafales and is considering buying more. Pakistan, meanwhile, has added 150 JF -17 fighters, most jointly made with China, since 2007 and has bought 20 J -10 C s since 2022.

India's decision to try to prevent the next tranche of the bailout to Islamabad was more about optics then, rather than a desire for any tangible outcome, say experts. As per the country's own observations, the fund had limited ability to do something about the loan, and was "circumscribed by procedural and technical formalities".

Saturday began with the looming specter of full-blown war between India and Pakistan. It ended with an evening ceasefire announcement by President Donald Trump. Here's a look at how events unfolded.