Pakistan’s army spokesman, Lt. Gen. Ahmad Sharif, said an Indian drone attacked a military target near Lahore overnight, wounding four soldiers, while the country’s air defense system intercepted and shot down 12 Indian drones that entered Pakistani airspace at various locations.

India's benchmark indexes are poised to open lower on Friday, and the rupee is likely to weaken after the country's defence ministry said that military installations were targeted by drones and missiles originating from Pakistan.

Amid fears of further escalation, Pakistan said it shot down 16 drones Thursday, while India said it targeted an air defense system in Lahore.