NSE Stands in Solidarity with the Victims of the Pahalgam
Terror Attack; Pledges Support
The Economic Times
NSE pledges Rs 1 crore to support families of Kashmir terror attack victims: Ashish Chauhan
The move has been widely appreciated by the public, with citizens lauding NSE's compassionate response to the tragedy.
In a heartfelt show of solidarity, the National Stock Exchange (NSE) has pledged Rs 1 crore to support the families of the victims of the tragic terrorist attack in Kashmir’s Pahalgam region on April 22, 2025. The attack claimed the lives of 26 individuals, sending shockwaves across the nation.
Ashishkumar Chauhan, MD & CEO of NSE, announced the gesture on social media, expressing deep sorrow over the incident.
"In a humble gesture of support, NSE pledges Rs 1 crore to the next of kin of the victims, standing in solidarity with their families during this difficult time," he stated in a tweet on social media platform X.
The move has been widely appreciated by the public, with citizens lauding NSE's compassionate response to the tragedy.
“The move has been widely appreciated by the public, with industry leaders and citizens lauding NSE's quick and compassionate response to the tragedy,” a user commented on the post.
Another user said, “This is not just monetary support. It conveys a larger message. Kudos to you and the NSE”.
The move comes after India took strong action against the terror attack in the Pahalgam district of Kashmir. The Indus Waters Treaty of 1960 has been suspended, and the Integrated Check Post at Attari will be shut down, with those holding valid endorsements allowed to return via the route only until May 1, 2025.
Additionally, Pakistani nationals will no longer be allowed entry into India under the SAARC Visa Exemption Scheme (SVES), and any previously issued SVES visas stand cancelled. Pakistani nationals currently in India under this scheme have been given 48 hours to exit the country.
In a further diplomatic escalation, India has declared the Defence, Naval, and Air Advisors of the Pakistani High Commission in New Delhi as Persona Non Grata, requiring them to leave within a week.
India will also withdraw its corresponding advisors from the High Commission in Islamabad, along with five support staff from both missions. Lastly, the overall strength of both High Commissions will be scaled down to 30 members from the existing 55 by May 1, 2025.
Pakistan Stock Exchange performance
After the said attack, Pakistan’s benchmark KSE-100 index fell by 2.9% or 3,410 points to close at 115,020. However, it showed some recovery, surging by 0.5% or 640 points to trade near the 115,660 mark around 10:15 am according to Indian Standard Time.
Updated on: 03/07/2025
