10 Nov '17, 5pm

#Pakistan sees defense export growth in 2016-2017

#Pakistan sees defense export growth in 2016-2017

The Chairman of the Pakistani Senate’s Standing Committee on Defence Production, Khawaja Sohail Mansoor, reported that defence exports from Pakistan have grown to more than $98 million U.S. in fiscal year (FY) 2016-2017, a 55% increase from exports a decade ago in FY 2006-2007. Notes & Comments: Specific inputs driving Pakistan’s defence exports for 2016-2017 were not disclosed. However, in the past two fiscal years, Pakistan Ordnance Factories (POF) and Pakistan Aeronautical Complex (PAC) had booked export orders in Asia, the Middle East and Africa. POF, which is Pakistan’s principal small arms and ammunitions vendor, announced that it had secured sales worth $93.7 million in FY 2015-2016. Saudi Arabia was POF’s largest buyer . Besides the possibility of work for the Saudi contract continuing into FY 2016-2017, POF also signed a letter-of-understanding (LoU) with Italian ...

Full article: https://defence.pk/pdf/threads/pakistan-sees-defence-expo...

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