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PAKISTAN’s Defense Exports Crossed Whooping $212 Million Mark in 2018-2019:
PAKISTAN’s Defense Exports has seen a tremendous increase in revenues more than whooping $212 Million from August 2018-August 2019. According to the First Year Performance Report published by the Ministry of Defense Production (MoDP), PAKISTAN has registered more than $212 Million in different Defense Exports from the 2018-2019.
Among those $212 Million US Defense Exports, the highest share of 184.38 Million goes alone to the PAKISTAN Aeronautical Complex (PAC) Kamra. It was followed by the export orders of PAKISTAN Ordinance Factories (POF) Wah Cantt, which manage to grab whooping $7.13 Million and after that the number comes for Heavy Industries Taxila (HIT), which grabs $1.3 Million.
Surprisingly, PAKISTAN Private Defense Sector Firms have also done a tremendous job in their sectors as they managed to booked export orders worth $19.36 Million in just one year.
It is important to mention that the recent surge in the Defense Exports of PAKISTAN Aeronautical Complex (PAC) Kamra was triggered by the co-production of PAKISTAN’s Indigenous 4.5++ Generation JF-17 Thunder Fighter Aircraft and its sales to its several potential customers as Nigeria and other countries.
Reports from the reliable sources also suggested that PAKISTAN has also inked the contract with TURKEY over the sales of 52 Super Mushak Basic Trainer cum Light Fighter Aircrafts. But, it is still not clear whether PAC has already undertaken the manufacturing of these aircrafts or not.
Further, PAKISTAN Aeronautical Complex Kamra is also engaged in the manufacturing of Boeings Commercial Aircrafts 737 and 777 under the offset agreement with the US Commercial Aircraft Giant Boeing since 2006.
On the other hand, the Ministry of Defense Product (MoDP) also revealed the sudden sharp increase in the annual sales of PAKISTAN Ordinance Factories (POF) Wah Cant.
The PAKISTAN Ordinance Factories (POF) previously inked contract with TURKEY for the sales of 1000 PM-83 General Purpose Bombs back in 2017-2018 for a whooping $58 Million. In the same way, the Company has registered the sales worth $67 Million and $93.68 Million in 2016-2017 and 2015-16 respectively.
On the other side, the sudden surge in the Defense Exports of Heavy Industries Taxila (HIT) could be triggered by the delivery of six Interceptor Light Armored Vehicles from friendly country Bahrain.
However, the PAKISTAN’s Ministry of Defense Production (MoDP) did not reveal the Export figures of the National Radio Telecommunication Corporation (NRTC) and Karachi Shipyard & Engineering Works (KSEW).
PAKISTAN has also taken several steps to boost the share of its Defense Industry as one month back PAKISTAN has transformed the Heavy Industries Taxila (HIT) into a Corporate Entity.
The transformation of HIT into a corporate entity will help the country to further expand its Defense Capabilities by the involvement of Joint ventures, MOUs and agreements with different entities, companies and countries.
On the other hand, PAKISTAN Aeronautical Complex (PAC) Kamra has also started the mass production of PAKISTAN’s Indigenous JF-17 Thunder Block-3. The latest Block 3 Version of JF-17 Thunder has the upgraded Avionics, Electronic Warfare Measures and Countermeasure, more payload capacity and it will also be equipped with the cutting-edge Active Electronically Scanned Array (AESA) Radar. With the latest advancement and upgradations, PAKISTAN’s JF-17 Thunder Block-3 can easily compete with the latest Generation of US F-16 V Fighter Aircraft.
A lot of potential customers are showing their keen interest in the Block-3 Variant of JF-17 Thunder Fighter Aircrafts. PAKISTAN AIR FORCE and PAKISTAN Aeronautical Complex (PAC) has already showcased the latest Block-3 Variant of JF-17 Thunder Aircraft at the Paris Air Show in June, 2019.
Although it was not revealed by the PAC, but sources are saying that PAKISTAN Aeronautical Complex has inked several contracts with different countries for the sales of the JF-17 Thunder Block-3 Fighter Aircraft in the near future.
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