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 5. TRADE  6. GULF



Jan-28 - 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 international levels.

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 public sector.

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, Mansoor said.

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.