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Articles for tag: boom, business, call, defense, Economic, exports, Latest, recovery, sparks

January 16, 2026

News Desk

Boom in defense exports sparks call for economic recovery

Business leaders say Pakistan must leverage $13 billion pipeline to overhaul trade ties and build long-term competitiveness LAHORE: As Pakistan enters a phase characterized by unprecedented defense export opportunities and equal opportunity to reposition itself in evolving global economic dynamics, business leaders are calling for a fundamental restructuring of the country’s external economic relations to achieve sustainable, self-propelled growth. Former President of the South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry, Iftikhar Ali Malik, urged the government and the private sector to prioritize competitiveness, investment and innovation as the cornerstones of Pakistan’s economic revitalization. He said

January 15, 2026

News Desk

Turkish foreign minister says defense pact talks with Pakistan and Saudi Arabia held

Raza Hayat Harraj says the potential deal is separate from the Pakistan-Saudi defense deal announced last year A combination of photos with Saudi Crown Prince Mohammed Bin Salman, Pakistan Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan. Photo: AFP/ Archive Defense Production Minister Raza Hayat Harraj said Pakistan, Saudi Arabia and Turkey had drawn up a draft defense deal after nearly a year of talks, a sign they could seek a bulwark against the upsurge in regional violence over the past two years. Harraj said Reuters A day ago, the potential deal between the three regional powers was

January 15, 2026

News Desk

Turkish foreign minister says defense pact talks with Pakistan and Saudi Arabia held

Turkish Foreign Minister Hakan Fidan speaks during an interview with Reuters at the 23rd edition of the annual Doha Forum, in Doha, Qatar, December 6, 2025. — Reuters The Turkish Foreign Minister emphasizes the need for wider regional cooperation, trust. He says the issues could be resolved if nations “are sure of each other.” Bloomberg says Ankara in advanced talks to join the defense pact. Turkish Foreign Minister Hakan Fidan said on Thursday that talks have been held on a possible defense pact with Pakistan and Saudi Arabia, but no deal has been signed. Responding at a press conference in

January 14, 2026

News Desk

Pakistan is positioning itself as an emerging defense exporter

Wartime reliability fuels boost in defense exports as analysts see shift from marginal arms exporter to emerging supplier Uqab, a Pakistani drone at the IDEAS exhibition. PHOTO: EXPRESS TRIBUNE KARACHI: Retaining the credibility it gained recently after its standoff with India, Pakistan is positioned among emerging global defense exporters as the country lines up potential defense export orders worth $13 billion, a scale that could materially change its external account dynamics and industrial landscape in the medium term. “After the success of Bunyan-e-Marsoos, Pakistan has seen a huge boost in its diplomatic posture with geo-strategic agreements and commitments; a key

January 10, 2026

News Desk

Turkey Seeks Joining Pakistan-Saudi Defense Pact: Bloomberg

Turkey’s strategic interests are increasingly aligned with those of Pakistan, Saudi Arabia across South Asia and the Middle East Photo with Pakistan Prime Minister Shehbaz Sharif, Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan, Source: Reuters and File Turkiye is reportedly seeking to join a strategic mutual defense agreement between Pakistan and Saudi Arabia, a move that could reshape regional security dynamics in the Middle East and beyond, according to Bloomberg report. Citing people familiar with the matter, Bloomberg said discussions are at an advanced stage and that an agreement is likely. The defense pact, signed

December 30, 2025

News Desk

India approves $8.8 billion in defense spending for Army, Navy, Air Force

Army to acquire roving munitions, radars, rockets, anti-drone systems. Navy and Air Force get ISR, missiles, simulators National Cadet Corps (NCC) personnel climb atop an army tank during the ‘Know Your Army’ exhibition at the Field Marshal Manekshaw Parade Ground in Bengaluru on January 11, 2025. PHOTO: AFP India’s Defense Council (DAC) has approved proposals worth 790 billion rupees ($8.78 billion) to buy radars, radios, auto-landing take-off recorders and other equipment for its army, navy and air force, the defense ministry said on Monday. Chaired by Defense Minister Rajnath Singh, the DAC meeting granted Acceptance of Necessity (AoN) for a

December 27, 2025

News Desk

China hits US defense companies with sanctions over arms sales to Taiwan

The flags of the US and China are seen in this picture taken on March 20, 2025. — Reuters Sanctioned executives, including Anduril’s founder, have been barred from entering China. Targets include Northrop Grumman, L3Harris, Boeing’s defense arm. China calls Taiwan a “core interest”. The US reaffirms its defense support. China’s foreign ministry announced sanctions on Friday targeting 10 individuals and 20 US defense companies, including Boeing’s branch in St. Louis, for arms sales to Taiwan. A US State Department spokesman said the United States strongly opposed China’s move, which freezes all assets held by companies and individuals in China

December 5, 2025

News Desk

Napoli’s title defense continues with the visit of rivals Juventus

The reigning champions trail AC Milan on goal difference and have a chance to top the table Napoli trail current table-toppers AC Milan on goal difference and will have the chance to take sole possession of the division lead for at least a day, with their nearest rivals in Turin on Monday. Photo: AFP MILAN: Napoli have the chance to knock off Juventus as the two arch-rivals in Serie A meet on Sunday in another installment of Europe’s tightest race for the title. Reigning champions Napoli trail current champions AC Milan on goal difference and will have the chance to

December 2, 2025

News Desk

Russia’s Putin seeks to boost energy and defense exports by visiting India

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Tianjin, China, September 1, 2025. — Reuters President Putin visits India after four years. India-Russia to expand nuclear energy cooperation. Moscow is likely to seek help to find spare parts for its oil assets. NEW DELHI: Russian President Vladimir Putin begins a two-day visit to India from Thursday, proposing more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defense ties battered by US pressure on the South Asian

November 26, 2025

News Desk

Taiwan unveils $40bn defense budget to counter growing pressure from China

Taiwan will introduce a supplementary defense budget of $40 billion to underline its determination to defend against the growing threat from China, President Lai Ching-te said on Wednesday. China, which regards democratically-ruled Taiwan as its own territory, has stepped up military and political pressure over the past five years to assert its claims, which Taipei strongly rejects. As Taiwan faces calls from Washington to spend more on its own defense, mirroring US pressure in Europe, Lai said in August he hoped to boost defense spending to 5 percent of gross domestic product by 2030. Unveiling the T$1.25 trillion ($39.89 billion)

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