IDEAS 2024: Pakistan says volume of defense exports not at par with actual potential
Publishing date: 19 November 2024
Published in: Arab News
Defense Minister Khawaja Muhammad Asif said on Tuesday Pakistan’s volume of defense exports is not at par with its actual potential, as the South Asian country inaugurated the 12th edition of its premier defense expo in the southern port city of Karachi.
The International Defense Exhibition and Seminar (IDEAS) exhibition, Pakistan’s premier defense expo, has been held biennially since its inception under General (retired) Pervez Musharraf’s administration in 2000 and has grown into a key event for the defense sector. This year’s exhibition, running from Nov. 19-22 at the Karachi Expo Center, will host over 550 exhibitors, including 340 international defense companies, alongside more than 350 senior civil and military officials from 55 countries.
The exhibition will showcase a wide range of modern and traditional defense equipment, weapons systems and vehicles, state broadcaster Radio Pakistan reported.
“Though Pakistan is now exporting some high-tech products to more than 60 countries, the volume of exports is not at par with its actual potential,” Asif said while addressing the exhibition.
“A crucial factor, however, has been the limited involvement of the private sector in defense production and activity.”
The defense minister said relatively less attention has been paid to academia, industry interface and involvement of research and development organizations. He said these factors have curtailed the competitiveness of certain sectors of the defense industry.