IDEAS 2024: Pakistan says volume of defense exports not at par with actual potential

In this file photo, taken on November 16, 2022, officials inspect the cockpit of a JF17 Thunder fighter jet during the International Defense Exhibition and Seminar “IDEAS 2022” in Karachi. (REUTERS/File)
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Updated 20 November 2024
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IDEAS 2024: Pakistan says volume of defense exports not at par with actual potential

  • Pakistan hosts 12th edition of premier defense exhibition IDEAS in southern port city of Karachi
  • Karachi to host over 550 exhibitors, including 340 global defense companies, from 55 countries

KARACHI: 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.

 

 

“In order to achieve this objective, I will stress upon the integration of public and private defense industry to achieve maximum results,” Asif said. “New ideas, entrepreneurship and management skills mastered by the private sector need to be co-opted with the public sector defense industry.”

Without mentioning Pakistan’s arch-rival and nuclear-armed neighbor India, Asif called for greater cooperation between regional players to make South Asia a safer place.

“We believe in meaningful dialogue on the basis of equality, not only to resolve bilateral issues but also to give chance to peace and harmony in the region,” he said.

‘PRODUCTS OF INTERNATIONAL STANDARDS’

Brig. Ali Adil, director of coordination for IDEAS 2024, had outlined the event’s diverse activities during a news conference over the weekend, saying it includes live demonstrations of cutting-edge defense technology, an international seminar and the IDEAS Tri-Services Karachi Show.

The event will also offer opportunities for networking through business-to-business and business-to-government engagements.

“IDEAS 2024 will bring together representatives of defense industries from around the world to showcase their latest technological innovations, while Pakistan’s defense sector, including both public and private companies, will present products of international standards,” Brig. Adil had said.

He had said this year’s event will feature a new “Startups Pavilion” designed to offer international exposure to young Pakistani entrepreneurs, adding the pavilion will showcase innovative projects and technologies.

An international seminar on “Pakistan Defense Production Potential – Challenges, Opportunities, and Way Forward” will be held on the third day of the event, with presentations from leading national and international experts.

Karachi has faced significant security challenges, including a suicide bombing near Jinnah International Airport last month that killed two Chinese engineers and injured several others. The city also grapples with high street crime rates, with over 90,000 incidents reported in 2023, causing considerable hardship for residents.

To bolster security, local authorities have already fortified the Expo Center, the venue for the exhibition, with multiple layers of containers. As per local media reports, a ban on public gatherings in the city has been imposed for seven days.


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

  • Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
  • Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone

KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.

The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said. 

The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim. 

“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said. 

Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.

The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs. 

Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said. 

“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said. 

The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital. 

To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.