Turkiye, Saudi Arabia, Pakistan to Hold First Defence Pact Meeting

The "Makkah Joint Defence Agreement," signed on August 7, aims to strengthen collective deterrence, similar to NATO's Article 5, amid regional conflict and the Iran war. Foreign and defence ministers will discuss enhancing defence capabilities and defence industry cooperation. This significant geopolitical development, involving a nuclear-armed Pakistan and a major oil exporter, could heighten regional risk perceptions, potentially boosting safe-haven demand for gold and influencing crude oil prices.

بحوالہ / Source: www.brecorder.com