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In a statement, Secretary of State Mike Pompeo said that over the past 24 hours he's spoken to top officials in both nations and implored them to pull back from further military action and take steps to de-escalate a situation that's now in danger of spiraling out of control. "It is unfortunate that instead of fulfilling its global obligation and bilateral commitment to take credible action against terrorist entities and individuals operating from its soil, Pakistan has acted with aggression against India", the MEA said. "This has the potential to lead to serious and risky consequences for the two countries and the wider region". Such developments would be a strong indicator of a scenario in which broader localised Indian-Pakistani military confrontation takes hold in Kashmir.

Russian Federation also urged calm and offered to act as a mediator. Addressing India, he said, "With the weapons you have and the weapons we have, can we afford a miscalculation?"

India and Pakistan both said they shot down each other's fighter jets on Wednesday, a day after Indian warplanes struck inside Pakistan for the first time since a 1971 war, prompting world powers to urge restraint.

India's External Affairs Ministry spokesman Raveesh Kumar said one of its Mig-21 fighter aircraft was missing.

Pakistan's military also denied Indian media's reports that Indian forces shot down a Pakistani F-16 fighter jet.

The Indian action came after Forty Central Reserve Police Force (CRPF) personnel were killed in a suicide attack by Pakistan-based Jaish-e-Mohammed (JeM) in Jammu and Kashmir's Pulwama district on February 14.

The prime minister maintained that, "I once again invite you for dialogue, we are prepared, we had said that we are prepared for dialogue on terrorism".

Release of shot-down Indian pilot delayed by hours
Pakistan on Wednesday claimed it shot down two Indian fighter jets over Pakistani air space and arrested a pilot. Since the escalation, world leaders have scrambled to head off an all-out war on the Asian subcontinent.

A senior Indian government source said 300 militants were killed in the strike.

One of the key aspects of the dossier was that the outfit still continues to enjoy the patronage of Pakistan.

Trump on February 22 said prior to the Indian air strike that it was a "very risky situation between the two countries. We would like to see it stop". "So I can understand that also".

There is a very high risk of escalation towards localised, but more intense direct Indian-Pakistani military confrontation in Kashmir.

China's foreign minister has called on Pakistan and India to avoid escalating tensions, expressing to his Pakistani counterpart "deep concern" over the Kashmir crisis amid fears aerial battles could snowball into an all-out conflict.

"Now, from here where do we go?"