Pakistan Defense Market – Spending Money!

The latest reports for the Pakistan market looks favorable for the defense industry:

Scope

  • One of the most attractive defense markets in South Asia, Pakistan is anticipated to invest US$66.9 billion cumulatively over the forecast period, compared to US$42.3 billion spent during 2014-2018. Expenditure is anticipated to focus more on the procurement of equipment to augment air defense capabilities, enhance the operational capabilities of the current fleet of naval vessels, and better communication and surveillance systems. Cumulative expenditure on the procurement of advanced military hardware is projected to stand at US$25.6 billion over the next five years.
  • The share of capital expenditure as a percentage of overall defense expenditure is anticipated to rise from an average of 36.1% during 2014-2018 to 38.3% over the forecast period.
  • The Pakistani MoD is expected to invest in land based C4ISR, conventional diesel electric submarine, multirole aircraft, airborne C4ISR, missile defense system, attack helicopters, Main Battle Tanks (MBT), corvettes MRO, infrastructure construction and frigates.

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