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 reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

Updated 11 March 2026
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Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

  • Deputy Prime Minister Ishaq Dar chairs review meeting of austerity steps
  • Officials briefed on salary cuts, school closures, four‑day week, petrol conservation

ISLAMABAD: Pakistan’s government on Wednesday assessed progress on a sweeping set of austerity measures introduced to mitigate the country’s economic strain from sharply rising global oil prices and supply disruptions linked to the ongoing war in the Middle East.

Prime Minister Shehbaz Sharif this week announced a series of austerity steps, including a four‑day work week for government offices, requiring 50  percent of staff to work from home, cutting fuel allowances for official vehicles by half, grounding up to 60  percent of the government fleet and closing all schools for two weeks to conserve fuel amid the global oil crisis.

The measures were unveiled in response to global oil market volatility triggered by the conflict involving the United States, Israel and Iran, which has disrupted supply routes such as the Strait of Hormuz and pushed crude prices sharply higher, straining Pakistan’s heavily import‑dependent energy sector.

“The meeting stressed the importance of strict and transparent adherence to the austerity measures, promoting fiscal responsibility and prudent use of public resources,” Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar said in a statement.

He was chairing a meeting of the Committee for Monitoring and Implementation of Conservation and Additional Austerity Measures, constituted under the directions of the PM, bringing together federal and provincial officials to review execution of the broad cost‑cutting plan. 

Dar emphasized the government’s commitment to enforcing the PM’s austerity steps nationwide. The committee’s review also covered reductions in departmental expenditure, deductions from salaries of senior officials earning over Rs. 300,000 ($1,120), and coordination with provincial administrations to ensure uniform implementation of the plan.

Participants at the meeting reiterated that all ministries and divisions must continue strict monitoring and reporting, with transparent oversight mechanisms, as Pakistan navigates the economic pressures from the prolonged Middle East crisis and its fallout on global energy and trade markets.