Pakistan carried out a second missile test in three days on Monday after saying it was preparing for an incursion by India, as Moody's warned that the standoff over violence in Kashmir could set back Islamabad's economic reforms.

India and Pakistan are scrambling resources both military and diplomatic to respond to a crisis triggered by a massacre in Indian-controlled Kashmir that has heightened fears of a conflict between the

Pakistan’s military said it tested a long-range missile amid rising tensions with neighbor India following an attack that killed more than two dozen people, mainly tourists, in India-controlled Kashmir.