Skull and Bones
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Though having such technology for stopping accidental/rogue/limited launches is no doubt worth pursuing, but hoping to prevent all-out attacks is a bit naive, specially when you know that the adversary, has and always will, find a way to counter that technology.
On first part, even China is investing in mid course interception. And if it wasn't a piece of technology worth pursuing then they wouldn't have been putting money on that. And eventually there will be directed energy weapons by the end of this decade or decade and a half.
Instead of spending money on measures, counter-measures and counter-counter-measures, both countries should agree on guaranteed mutual destruction in case of a nuclear war, and spend it on mutual trade.
Do you really think that thing is plausible given the present condition of Pakistan?