In a very short media address at 6:00 pm on Saturday, Indian Foreign Secretary Vikram Misri announced that India and Pakistan have agreed to an immediate ceasefire.
"Pakistan's DGMO called Indian DGMO at 15:35 hours earlier this afternoon. It was agreed between them that both sides would stop all firing and military action on land, in the air & sea with effect from 1700 hours IST. Instructions have been given on both sides to give effect to this understanding. They will talk again on the 12th of May at 1200 hours," said Foreign Secretary Vikram Misri.
Making the similar announcement, Minister of External Affairs, stated, "India and Pakistan have today worked out an understanding on stoppage of firing and military action. India has consistently maintained a firm and uncompromising stance against terrorism in all its forms and manifestations. It will continue to do so."

Meanwhile, President Donald Trump on Saturday claimed that India and Pakistan have agreed to a "full and immediate" ceasefire after talks mediated by the US.
The US-brokered ceasefire came hours after militaries of India and Pakistan attacked each other’s military facilities, dangerously escalating the ongoing conflict.
"After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE," the US president announced in a post on Truth Social.
"Congratulations to both Countries on using Common Sense and Great Intelligence. Thank you for your attention to this matter!" Trump added.

The announcement by Trump came after US Secretary of State Marco Rubio spoke to External Affairs Minister S Jaishankar, Pakistan Foreign Minister Ishaq Dar and Pakistan Army chief Gen Asim Munir.
Rubio also made a similar statement on X.
"Over the past 48 hours, @VP Vance and I have engaged with senior Indian and Pakistani officials, including Prime Ministers Narendra Modi and Shehbaz Sharif, External Affairs Minister Subrahmanyam Jaishankar, Chief of Army Staff Asim Munir, and National Security Advisors Ajit Doval and Asim Malik," he said.
He said he was "pleased to announce the Governments of India and Pakistan have agreed to an immediate ceasefire and to start talks on a broad set of issues at a neutral site".
"We commend Prime Ministers Modi and Sharif on their wisdom, prudence, and statesmanship in choosing the path of peace," he added.
In New Delhi, government sources said stoppage of firing and military action between India and Pakistan was worked out directly between the two countries.
Pakistan DGMO initiated call this afternoon after which discussions took place and understanding reached, they said.
In Islamabad, Pakistan Deputy Prime Minister and Foreign Minister Ishaq Dar confirmed the ceasefire with immediate effect.
"Pakistan and India have agreed to a ceasefire with immediate effect. Pakistan has always strived for peace and security in the region, without compromising on its sovereignty and territorial integrity!" Dar said in a post on X.