- Feb-03, 2002
Defence export seen at $250m in five years
Defence Export Promotion Organization (DEPO)
forecasts an increase in country's defence export up to $250 million
in the next five years from the current $40-50 million.
This was stated by Director, Policy Planning, DEPO,
Air Commodore Mansoor Malik in a meeting with members of the Karachi
Chamber of Commerce and Industry (KCCI) on Tuesday.
"I am not satisfied with the current export
figures as it should now have been four to five billion dollars like
textile," he said attributing the slow exports to lack of
marketing expertise of public sector both in domestic and
The government is now focusing on the growth of
exports through private sector in order to curtail the burden of
foreign exchange of $600 million being spent on the defence imports.
Pakistan is the sixth largest importer of defence equipments.
There are 500 manufacturers of various defence
related products in the private sector and over 20 makers in the
He said DEPO is currently conducting market
analysis of the Middle East, Africa, South Asia and South East Asia.
Our first priority to boost exports in countries like Kuwait, Saudi
Arabia, Turkey, Kenya, Nigeria, Malaysia and Kenya followed by second
priority countries like Sri Lanka, North Africa, Algeria, Sudan, Congo
and Zimbabwe where demand for our products exist tremendously.
DEPO is aiming to surpass the textile sector's
exports after 10 years if these markets are captured in a big way,
The Organization is also holding a Defence
Exhibition in September 2002 and DEPO members and some private sector
people have planned to visit a defence exhibition in Malaysia in April
to highlight Pakistan's potential in defence exports, he said.
Export of kinnoo restarts
The export of kinnoo to Far Eastern countries has
restarted after a break of ten days and about 800 containers have been
shipped so far to these destinations.
President, Fruits and Vegetables Processors and
Exporters Association, Mateen Siddiqui, told on Thursday that exports
of kinnoo was restarted from January 10.