Pakistan President Pervez Musharraf is seriously toying with the idea of conducting missile tests, Pakistan Observer daily reported on Friday.
Besides plans to test the missiles, Musharraf also held "round the clock" consultations with his military aides to analyse the reports from India, it said.
He planned meeting political leaders to build a national consensus to face the "challenge" from across the borders, the Observer said.
It is doubtful whether the Government would succeed in creating a consensus after the acrimonious divisions created by the recent referendum which was boycotted by all mainstream political and religious parties.
The tests were planned to restore parity with India after New Delhi test-fired missiles like Agni-II as well as to deflect criticisms over irregularities committed in the referendum extending Musharraf's term by five years, reported the Daily Times.
However, the Foreign Office spokesman Aziz Ahmed Khan said no such move was contemplated, the Times added.