Industry Briefing

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Pakistan Reacts to Japan-India Joint Statement Linking Country to Terrorism

Pakistan Reacts to Japan-India Joint Statement Linking Country to Terrorism

Pakistani officials and analysts expressed concern over a recent joint statement from Japan and India that associates Pakistan with cross-border terrorism. This statement emerged following a meeting between Japanese Prime Minister Sanae Takaichi and Indian Prime Minister Narendra Modi in New Delhi earlier this month. The significance of this development lies in the potential shift in Japan's South Asia policy, which could impact regional dynamics and diplomatic relations. The explicit mention of Pakistan in the context of terrorism has raised alarms among Pakistani leadership and experts, indicating a possible change in Japan's stance towards the country. Looking ahead, observers will monitor how this statement influences Japan's foreign policy in South Asia and its relations with Pakistan. No further timeline was disclosed at the time of publication.

Mecca Pact: A Comprehensive Defense Agreement Enhancing Turkish Industry and Trilateral Ecosystem

Mecca Pact: A Comprehensive Defense Agreement Enhancing Turkish Industry and Trilateral Ecosystem

The Mecca Pact, involving Saudi Arabia, Turkey, and Pakistan, is being recognized as more than just an arms-export agreement. Experts emphasize its broader implications for defense collaboration among the three nations. This agreement is significant as it aims to strengthen the defense capabilities of the participating countries while fostering a trilateral ecosystem that could enhance regional security and economic cooperation. The pact is expected to drive advancements in the Turkish defense industry, benefiting from shared technologies and resources. Looking ahead, stakeholders will be monitoring the implementation of the Mecca Pact and its impact on defense production and collaboration among Saudi Arabia, Turkey, and Pakistan. No further timeline was disclosed at the time of publication.

Air Warfare Global Land Warfare air defense Air Force Army
Pakistan gives foreign banks an edge in shift to Islamic finance

Pakistan gives foreign banks an edge in shift to Islamic finance

FinancePakistan gives foreign banks an edge in shift to Islamic financeDomestic lenders required to convert to sharia-compliant model from 2028One currency, two banking systems. Pakistan's banks must all offer sharia-compliant services from 2028, but foreign banks will be able to continue offering non-Islamic services alongside -- giving them a possible advantage. © ReutersADNAN AAMIRJuly 7, 2026 14:31 JSTISLAMABAD -- In the run-up to its banking reform toward Islamic banking, the Pakistani government has decided to require domestically owned banks to operate under a fully sharia-compliant model from 2028 to eliminate interest-based finance.Read NextEnergyPakistan approves final link in 1,600-km national oil pipelineFinanceBangladesh bets $3.2bn to avert a banking crisis but reforms elusiveBusiness trendsPakistani gig workers' exports to hit record high but AI threats loomCommoditiesIndian families scale back on gold for weddings as prices hover near highsEnergyBangladesh power cuts deepen as government struggles to pay billsFood & BeverageIndia's sugar industry likely to exit exports and exist for ethanolDefensePakistan unfazed by Afghan-Russian military pact, say officialsTradeChinese firms brace for new EU rules as trade deficit tops $1bn a dayInternational relationsBangladesh courts China to drive infrastructure and trade pushBusiness dealsPakistan offers up 3 state-owned power distributors in privatization pushLatest on FinanceFinanceSingapore's Temasek to raise AI exposure 2.5-fold over 5 yearsFinanceJapan brokerages set sights on US mega-IPOs after strong SpaceX debutFinanceJapan's blockchain-based security tokens to open to foreign investorsSponsored ContentAbout Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.

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