President Donald Trump hailed the reaching of a ceasefire between India and Pakistan on Saturday following U.S.-led talks to end the most serious military confrontation between the nuclear-armed rivals in decades.

"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," Trump wrote Saturday morning on Truth Social. 

"Congratulations to both Countries on using Common Sense and Great Intelligence. Thank you for your attention to this matter!"

India and Pakistan confirmed the ceasefire deal following U.S. mediation.

Foreign ministers from the Group of Seven major industrialized democracies have issued a statement calling for the "immediate de-escalation'' of hostilities between India and Pakistan.

The ministers condemned the April 22 attack by militants in the Indian-controlled section of Kashmir that triggered the current outbreak of violence, while warning that further escalation threatened regional stability.

"We are deeply concerned for the safety of civilians on both sides," the ministers said in a joint statement released Saturday. "We call for immediate de-escalation and encourage both countries to engage in direct dialogue towards a peaceful outcome."

Secretary of State Marco Rubio praised the quick resolution for a ceasefire and vows to meet for long-term peace talks.

"Over the past 48 hours, Vice President 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," Rubio wrote to Newsmax in a statement.

"I am 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."

The ceasefire deal follows weeks of clashes, missile, and drone strikes across their borders that were triggered by a gun massacre of tourists last month that India blames on Pakistan, which denies the charge. Dozens of civilians have been killed on both sides. 

Pakistani Foreign Minister Ishaq Dar announced the ceasefire on Geo News. He said Saudi Arabia and Turkey played an important role in facilitating the deal.

Indian Foreign Secretary Vikram Misri said the head of military operations from both countries spoke Saturday afternoon.

"It was agreed between them that both sides would stop all firing and military action on land, and in the air and sea. Instructions have been given on both sides to give effect to this understanding." The top military leaders would speak again on May 12, Misri added.

The deal has brought a swift conclusion to military escalation.

India said it targeted Pakistani air bases early Saturday after Islamabad fired several high-speed missiles at military and civilian infrastructure in the country’s Punjab state. Pakistan said it intercepted most missiles and responded with retaliatory strikes on India.

Earlier Saturday, India's military held a press briefing in New Delhi, saying Pakistan targeted health facilities and schools at its three air bases in Indian-controlled Kashmir.

"Befitting reply has been given to Pakistani actions," Indian Col. Sofiya Qureshi said.

Pakistan's military said it used medium-range Fateh missiles to hit an Indian missile storage facility and air bases in the cities of Pathankot and Udhampur. Army spokesman Lt. Gen. Ahmad Sharif said the country's air force assets were safe following the Indian assault.

Tensions have soared since an attack at a popular tourist site in India-controlled Kashmir left 26 civilians dead, mostly Indian Hindu tourists, on April 22.

They have traded strikes and heavy cross-border fire for days.

Indian missiles Saturday targeted Nur Khan air base in the garrison city of Rawalpindi, near the capital Islamabad, Murid air base in Chakwal city and Rafiqui air base in the Jhang district of eastern Punjab province, according to Pakistan's military spokesman.

There were no immediate reports of the strike or its aftermath from residents in the densely populated Rawalpindi.

Pakistanis celebrated their army's missile launches on India.

"Thank God we have finally responded to Indian aggression," said Muhammad Ashraf, who had gone out in Lahore for breakfast. There were jubilant scenes in Peshawar and Karachi.

Following the announcement of Pakistani retaliation, residents in Indian-controlled Kashmir said they heard loud explosions at multiple places, including the two big cities of Srinagar and Jammu and the garrison town of Udhampur.

"Explosions that we are hearing today are different from the ones we heard the last two nights during drone attacks," said Shesh Paul Vaid, the region’s former top police official and Jammu resident. "It looks like a war here."

Vaid said explosions were heard from areas with military bases, adding it appeared that army sites were targeted. Residents living near Srinagar city’s airport, which is also an air base, said they were rattled by the explosions and booming sound of jets.

"I was already awake, but the explosions jolted my kids out of their sleep. They started crying," said Srinagar resident Mohammed Yasin, adding he heard at least two explosions.

Buildings were destroyed or damaged in Indian-controlled Kashmir, where powerful blasts ripped off roofs, windows and walls and left homes riddled with holes.

Villagers and rescuers in a district of Pakistan-controlled Kashmir sifted through the rubble of homes hit by overnight Indian shelling on Friday as people carried the dead. Others surveyed the ruins.

The Associated Press contributed to this report.