POF export earnings increased by 325% last year: Chairman

[DeceptiveEagle]

Yes, That's good news.

 

[Arsalan]

That is a great news.
Sir do you know about POF financial circle? Where does the profit earned by POF goes, do they reinvest that into their projects or it just goes into national exchequer!

To the government reserves. It is from there that the money is issues to POF annually (you may consider that reinvestment) but what they earn themselves will go to the government.

 

[xyxmt]

The figures aint that big but the percentage increase is way high. ALHUMDULILLAH.

its only POF figures

 

[CriticalThought]

We can jump with joy and congratulate ourselves to no end, but let us face it. $100-million is the cost of a single modern fighter.

Considering size of the international arms trade, $100-million is no more than peanuts. But how can it be any more when we are selling copies of the arms designed and originated in another country? G-3 is German, Mashaak trainer is Swedish and JF-17 originated and designed largely by the Chengdu Aircraft Corporation in China. Belgium is a tiny country but Fabrique Nationale d’Herstal with annul export volume of about 1-billion Euros is the largest small arms exporter in the whole of Europe. No one wants second best when it comes to fighting a war. In the international arms bazaar; you have to prove that you provide the most bang for the buck.

Main reason for Pakistan lacking indigenous defence industry is the lack of research & development. We have KRL that is producing some defence related products like Baktar Shikan & ANZA and the National Defence Complex where Babur was developed and is also manufacturing missiles but nearly all originated in other countries.

For Pakistan defence industry to take-off and be competitive with the best of the best; we need a combined pool of scientists & engineers working together producing innovative defence related items. Since the size of our requirements is small and we have to induct the product in Pakistan Army before any other country will buy it; a gov’t funded organization on the lines of Indian DRDO is needed.

We already have the successful example of Pakistan Atomic Energy Commission. Need of the day is to establish an entity similar to the Indian DRDO. However, given state of the Gov’t finances, this is unlikely to happen in the foreseeable future.

Sir! You stole the words from my mouth (or letters from my fingers) Our dillemma is that our best and brightest leave Pakistan because the govt/armed forces is seen as a stifling environment mired in beuracracy that is not financially rewarding and doesn't offer opportunities for learning. On the other hand, many times the armed forces have been bitten by quacks selling snake oil so their confidence in local talent isn't high either. A radical option is to find the brightest minds immediately after 12th grade, get them on the army's payroll, give them the task of achieving a certain goal, and let them take whatever courses they need within Pakistani unis or reputable online unis to get the job done. Some possible goals could be designing a new battle rifle, creating small robots for use etc. The caveat is they must create the from scratch without using 'kits'.

 

[fatman17]

Industry

Pakistan Ordnance Factories posts four-fold increase in exports

Jon Grevatt, Bangkok - IHS Jane's Defence Industry

21 October 2016

Pakistan Ordnance Factories (POF) has recorded a four-fold increase in exports over the past two fiscal years, according to a government statement.

Citing POF chairman Lt Gen Omar Mehmood Hayat, the 19 October statement said the company had expanded international sales from USD22 million in 2013-2014 to USD93.7 million in 2015-2016. Based in Rawalpindi, the POF specialises in the production of firearms, rockets and ammunition.

In the statement, Hayat - a serving general in the Pakistan Army - also said the POF had received funds worth around PKR25 billion (USD239 million) from the Pakistan government. He added that this investment has been used to "meet the demands of the armed forces" and to replace the POF's "obsolete machinery".