Pakistan Eyes $30 Billion In Defence Exports Through International Collaborations

Karachi: Pakistan is poised to generate approximately USD 30 billion in revenue from defence exports in the coming years, according to the Ministry of Defence. This optimistic outlook follows the successful conclusion of the 12th International Defence Exhibition and Seminar (IDEAS 2024) held in Karachi last week.

Chiragh Haider, Retd Lt Gen and Secretary of the Ministry of Defence Production, highlighted that Pakistan signed 82 Memorandums of Understanding (MoUs) during the event with various friendly nations. These agreements cover a wide range of defence products, including advanced drones, fighter jets, electronic warfare systems, radars, and commercial and logistic ships.

The IDEAS 2024 exhibition attracted participation from over 55 countries, including delegations from major global players like the United States, Russia, China, Turkiye, Iran, Italy, the UK, and Azerbaijan.

MOU Represent Significant Export Potential- USD 30 Billion

“These MoUs represent significant export potential, amounting to USD 30 billion. However, the process of converting MoUs into finalized projects involves testing, trials, and possible modifications,” Chiragh Haider said.

Since the previous IDEAS event in 2022, Pakistan has recorded defence exports worth USD 1.3 billion, signaling steady growth in its defence industry. Asad Nawaz Khan, Major General and Director General of the Defence Export Promotion Organisation (DEPO), stated that six key public-sector entities, including Heavy Industries Taxila (HIT), Pakistan Ordnance Factory (POF), Pakistan Aeronautical Complex (PAC), and Global Industrial and Defence Solutions (GIDS), were at the forefront of securing these agreements.

Among the equipment showcased were the Haider Main Battle Tank (MBT), medium-altitude long-endurance Shahpar III drones, Al-Khalid and Al-Zarrar tanks, and the Super Mushshak Aircraft.
Notably, Pakistan and China also signed several collaborative agreements, further strengthening bilateral ties in defence manufacturing. The event, held under tight security, underscored Pakistan’s aspirations to become a major player in the global defence market.