IDEAS 2024: Haider tank in spotlight on first day of Pakistani mega defense expo

The third-generation Haider tank (left) is at display on the first day of IDEAS exhibition in Karachi, Pakistan, on November 19, 2024. (AN photo)
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Updated 19 November 2024
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IDEAS 2024: Haider tank in spotlight on first day of Pakistani mega defense expo

  • IDEAS has been held biennially since 2000 and has since grown into a key event for the Pakistani defense sector
  • Second day of the exhibition, Wednesday, will see launch of new medium-altitude long-endurance Shahpar III drone

KARACHI: The third-generation Haider tank was in the spotlight on Tuesday as Pakistan’s premier defense exhibition, IDEAS, kicked off in Karachi, hosting 550 exhibitors, including 340 international defense companies, as well as 350 civilian and military officials from 55 countries.

IDEAS has been held biennially since 2000 and has since grown into a key event for the Pakistani defense sector. 

This year’s exhibition, running from Nov. 19-22 at the Karachi Expo Center, is showcasing a wide range of modern and traditional defense equipment, weapons systems and vehicles.

“This tank is locally produced in Pakistan at the Heavy Industry Taxila in collaboration with our local and international technology partners,” Anza Aqeel, Assistant Director Heavy Industry Taxila, told Arab News, explaining that Haider had auto-tracking, a remote-control weapon system and a 470-kilometer cruising range.

“It has the capability of firing in both the day and night. It can fire up to eight rounds per minute due to its autoloading capability.”

Aqeel said the Haider tank was of export quality, with production currently underway.

 “This tank has an auto tracker installed and both the gunner and commander can fire using the auto tracker,” he added.

The second day of the exhibition, Wednesday, will see the launch of the Shahpar-III drone, the third generation of the GIDS Shahpar unmanned aerial vehicle (UAV) built by Global Industrial Defense Solutions of Pakistan and used by the Pakistani military.

Speaking at the inauguration ceremony, Defense Minister Khawaja Muhammad Asif said Pakistan’s volume of defense exports was not yet aligned with its potential.

“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.

“A crucial factor, however, has been the limited involvement of the private sector in defense production and activity.”

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

This year’s event also features a “Startups Pavilion” designed to offer international exposure to young Pakistani entrepreneurs and give them an opportunity to showcase new projects and technologies.


Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

Updated 29 January 2026
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Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

  • Finance adviser says repayment shows “decisive shift” toward fiscal discipline, responsible economic management
  • Says Pakistan’s total public debt has declined from over $286.6 billion in June 2025 to $284.7 billion in November 2025

KARACHI: Pakistan has repaid Rs3,650 billion [$13.06 billion] in domestic debt before time during the last 14 months, Adviser to the Finance Minister Khurram Schehzad said on Thursday, adding that the achievement reflected a shift in the country’s approach toward fiscal discipline. 

Schehzad said Pakistan has been repaying its debt before maturity, owed to the market as well as the State Bank of Pakistan (SBP), since December 2024. He said the government had repaid the central bank Rs300 billion [$1.08 billion] in its latest repayment on Thursday. 

“This landmark achievement reflects a decisive shift toward fiscal discipline, credibility, and responsible economic management,” Schehzad wrote on social media platform X. 

Giving a breakdown of what he said was Pakistan’s “early debt retirement journey,” the finance official said Pakistan retired Rs1,000 billion [$3.576 billion] in December 2024, Rs500 billion [$1.78 billion] in June 2025, Rs1,160 billion [$4.150 billion] in August 2025, Rs200 billion [$715 million] in October 2025, Rs494 billion [$1.76 billion] in December 2025 and $1.08 billion in January 2026. 

He said with the latest debt repaid today, the July to January period of fiscal year 2026 alone recorded Rs2,150 billion [$7.69 billion] in early retirement, which was 44 percent higher than the debt retired in FY25.

He said of the total early repayments, the government has repaid 65 percent of the central bank’s debt, 30 percent of the treasury bills debt and five percent of the Pakistan Investment Bonds (PIBs) debt. 

The official said Pakistan’s total public debt has declined from over Rs 80.5 trillion [$286.6 billion] in June 2025 to Rs80 trillion [$284.7 billion] in November 2025. 

“Crucially, Pakistan’s debt-to-GDP ratio, around 74 percent in FY22, has declined to around 70 percent, reflecting a broader strengthening of fiscal fundamentals alongside disciplined debt management,” Schehzad wrote. 

Pakistan’s government has said the country’s fragile economy is on an upward trajectory. The South Asian country has been trying to navigate a tricky path to economic recovery under a $7 billion loan from the International Monetary Fund.