• Monday, November 18, 2019

Pakistan plans to increase arms exports to $1b a year

Discussion in 'Pakistan Economy' started by Zibago, Nov 10, 2019.

  1. Zibago

    Zibago ELITE MEMBER

    Messages:
    33,881
    Joined:
    Feb 21, 2012
    Ratings:
    +11 / 52,811 / -3
    Country:
    Pakistan
    Location:
    Pakistan
    Pakistan plans to increase arms exports to $1b a year
    Samaa Digital
    35 mins ago

    [​IMG]


    Photo: APP

    Pakistan is looking to expand its export of arms, with the end goal of selling $1 billion worth of defence equipment every year, according to a report by the Nikkei Asian Review. In fact, it has already started increasing its arms sales.

    The publication quoted a senior government official who said the export of weapons exceeded $210 million last fiscal year. Two years earlier, that same number was at $100 million. Five years before that, it was $60 million.

    The officials credited this upward trend to Pakistan’s drive for greater weapons self-sufficiency.

    Though there is no public data available on what kind of weapons were exported or where, it is thought that China has played a big role in Pakistani arms production. An example is the JF-17 Thunder fighter jets that are jointly manufactured by the two countries.

    “The JF-17 has helped Pakistan lay the groundwork for self-sufficiency,” said defence analyst Lt Gen (retired) Talat Masood. He said China has also helped Pakistan produce tanks, supported its air force through the JF-17 project and its navy with assistance in building warships and submarines.

    In 2016, Pakistan signed a deal with Myanmar for the sale of 16 JF-17 fighters and though the actual contract value was not made public, officials have privately said it was for around $400 million.

    In addition to this, Pakistan has sold three JF-17s to Nigeria, signed a deal with Turkey to sell 52 Super Mushshak training aircraft and 1,000 PK-83 general purpose bombs.

    Collaborating with China has helped Pakistan improve its ability to produce advanced weapons, according to analysts. “Pakistan has graduated well beyond just a manufacturer of small weapons,” a senior foreign ministry official said. “We are now looking at big-ticket items.”

    Other analysts say Pakistan’s access to major markets will be limited and it will have to rely on countries with budgetary constraints, like those in Africa.
    https://www.samaa.tv/news/2019/11/p...s-to-1b-a-year/amp/?__twitter_impression=true
     
    • Thanks Thanks x 8
  2. GHALIB

    GHALIB BANNED

    Messages:
    3,658
    Joined:
    Jul 16, 2018
    Ratings:
    +1 / 1,591 / -46
    Country:
    India
    Location:
    India
    good for pakistan's economy .
     
  3. Wrath

    Wrath FULL MEMBER

    Messages:
    1,300
    Joined:
    Oct 22, 2018
    Ratings:
    +0 / 552 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    Well it's great . It's could serve as a great way to enhance military's upgradation for EW and CW .
     
    • Thanks Thanks x 1
  4. jupiter2007

    jupiter2007 SENIOR MEMBER

    Messages:
    3,100
    Joined:
    Feb 19, 2007
    Ratings:
    +0 / 1,834 / -1
    Exporting what? JF-17 block3 and small arms? We need major investment in defense industry to complete with other countries.
    We need government-private ventures to promote local industry.
     
  5. Baby Leone

    Baby Leone SENIOR MEMBER

    Messages:
    4,170
    Joined:
    Aug 25, 2011
    Ratings:
    +1 / 3,781 / -2
    Country:
    Pakistan
    Location:
    Pakistan
    pls first have a proper manufacturing exports industry, then talk about other things.:disagree:
     
  6. Zibago

    Zibago ELITE MEMBER

    Messages:
    33,881
    Joined:
    Feb 21, 2012
    Ratings:
    +11 / 52,811 / -3
    Country:
    Pakistan
    Location:
    Pakistan
    • Thanks Thanks x 2
  7. jupiter2007

    jupiter2007 SENIOR MEMBER

    Messages:
    3,100
    Joined:
    Feb 19, 2007
    Ratings:
    +0 / 1,834 / -1
    Post the Real Poll, not a fake poll. 85% of Pakistani don't support corrupt mafia.
    We are talking about a convicted criminal, foreign spy and Modi's supporter. Do you think people want a convicted criminal to go out of the country without any promise or assurance of coming back to Pakistan?
    Assurance is 7 billion dollars (mentioned by Kashif Abbasi)
     
  8. PakSword

    PakSword PDF THINK TANK: ANALYST

    Messages:
    13,883
    Joined:
    Dec 6, 2015
    Ratings:
    +31 / 19,305 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    • Thanks Thanks x 2