ISLAMABAD: Pakistan’s recent defence export deals are set to bolster economic growth in the country. Pakistan’s defence export sector is emerging as a potential powerhouse for the national economy, with tracked and prospective deals already totaling billions of dollars.
Following the success of Operation Bunyan e Marsous, the country has strengthened its diplomatic and strategic standing, translating into defence agreements and export-driven engagements. Saudi Arabia, UAE, Libya, Iraq, Indonesia, Sudan and other countries are buying JF-17 Thunder jets and other weapons from Pakistan.
The report estimates that current defence deals are valued above $13 billion, with the potential to significantly improve Pakistan’s economic indicators. If realized, these exports could increase foreign exchange reserves by 82 percent and contribute substantially to the $60 billion export target set under Uraan Pakistan by 2029.
KASB notes that deal values may rise further as negotiations continue and structures evolve. Defence Minister Khawaja Asif highlighted that Pakistan’s aircraft have undergone extensive testing and are attracting growing international interest.
JF-17 fighter jets lead export interest across multiple regions
Pakistan’s defence exports cover fighter aircraft, naval vessels, armoured vehicles, unmanned systems, and precision-guided munitions, primarily targeting Asia, Africa, and the Middle East. The JF-17 Thunder, a 4.5-generation fighter jet, is generating the strongest interest, with inquiries reportedly from countries including Iran, Sri Lanka, Zimbabwe, Algeria, Ethiopia, Argentina, and Uzbekistan. Current operators include Myanmar, Nigeria, and Azerbaijan, the latter signing a $1.6 billion deal during 2024–2025.
KASB highlights active negotiations with Saudi Arabia for a potential $6 billion JF-17 package and Libya for a $4 billion deal encompassing jets, Super Mushshak trainers, tanks, naval vessels, and other equipment. Key institutions expected to execute these exports include Pakistan Aeronautical Complex, Pakistan Ordnance Factories,
Heavy Industries Taxila, and Karachi Shipyard and Engineering Works. Analysts suggest that if these deals materialize, defence exports could become a cornerstone of Pakistan’s economic growth strategy in the coming decade.
