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    CE Wants More Exports

    This year for the first time our export will exceed $9 billion.Governmnet target is to take it to $10 billion.
    But regardless of whether our exports reach 10 billion or remain just below that,the fact remains that under this governmnet we have broken the stigma in exports for the first time in several years and this fiscal year has seem a surge in our exports.
    But as the CE ponts out this isn't nearly enough and we need to continue the hard work and keep improving quality of our products and export policies to increase our exports further.
    Right now we lag behind in this sector but thankfully, first steps in the right direction have already been taken.

    Musharraf calls for 25-30% growth in exports

    KARACHI, March 15: Chief Executive, General Pervez Musharraf, Thursday called for a 25 to 30 per cent annual growth in Pakistan's export target which, he said, at $10 billion at present was very small.

    "Although we are sure to create a new record in the country's export history, I am not complacent to this achievement" he said while speaking at the inauguration of Pakistan Hand Knotted Carpet Exhibition '2001, here at Expo Centre. The exhibition was jointly organised by Pakistan Carpet Manufacturers and Exporters Association and Export Promotion Bureau.

    Acting Sindh Governor, Justice Sabihuddin Ahmed, Corps Commander, Lt Gen Muzaffar Husain Usmani, Commerce Minister Abdul Razzak Dawood, EPB chairman Tariq Ikram and other senior officials besides a large number of foreign buyers also attended the ceremony.

    "When I look to Malaysian exports of $70 billion and other Far Eastern countries with the exports of 30 to 40 billion dollars annually, Pakistan's target of $10 billion seems to be very small", the Chief Executive said.

    Pakistan, he pointed out, has all the capacity to increase its exports.

    "We have human and other resources. Why can't we increase our exports by leap and bound", he said and added that not by 10 to 12 per cent but at least 25 to 30 per cent every year.

    "If we work harder, I am sure, we will be able to achieve this task".

    He asked the exporters and government machinery to joint hands and achieve this target.

    Pointing out that government has fixed the export target of $10 billion for the current year, the CE observed that both Commerce Minister and EPB are striving very hard to achieve this target, But the support of exporters is imperative in this regard.

    He congratulated the carpet exporters on achieving a new record exports level of $263 million last year after hovering around $200 million for the last several years.

    However, it was still not sufficient and should increased further.

    'Referring to Pakistan's share of 3 per cent in world's total carpet exports of $10 billion, Chief Executive said it must go up to at least 6 per cent.

    "I want a quantum jump in carpet exports", he maintained and asked the exporters to increase carpet exports to 300 million dollars by the end of the current fiscal year.

    He described holding of such exhibitions as absolutely necessary to attract foreign buyers and as an export promotional activity.

    He advised the exporters to produce high quality carpets with innovative designs and colour combination which, he said, are appreciated by carpet buyers world over.

    Gen Musharraf said that EPB was providing adequate funds for setting up a carpet training centre in Lahore and Karachi. He said Rs43 million have been provided for land and building construction for Lahore centre.

    He said these centres will provide vocational training for carpet manufacturing and thus help in eliminating child labour from carpet industry.

    He informed that government is committed to fully eradicate the child labour from carpet industry.

    "Credible policies are already in place under the guideline laid down by ILO and other United Nations agencies. These policies already have a positive impact on carpet industry in defusing a negative propaganda by the vested interest. ' Earlier, Commerce Minister Abdul Razzak Dawood said that Small and Medium Enterprise Development Authority (SMEDA) and Small Business Finance Corporation will extend loans to carpet industry people and they should approach EPB n coordination.

    He pointed out that restructuring and rationalization of tariff structure will be completed before the announcement of federal budget this year.

    The government is committed to the enforcement of intellectual property right (IPR) and many aspects of IPR have been implemented during the last 15 months.

    He said the government has also approached European Commission to open up its economy to Pakistani exports like it did for other South Asian countries.

    i think the govt should put up a list of stuff that we import.. go thru it and see what can be made in pakistan and then offer incentives like credit and tax breaks to paki business ppl to produce/make that stuff in pakistan.

    exporting is good, but reducing imports should be a priority as well..

    it sounds so simple ..there is no excuse for importing agricultural products.. we should be self sufficient in that atleast..


      Brilliant news! The CE has recognised that Pakistan's exports as compared to other Asian countries are not on par. And he has announced realistic short to medium term projections of the way our exports are going i.e. upwards.

      Yes should we offer tax and credit incentives to home producers, but we must careful to not follow neo-protectionist policies. Those sort of policies have kept some of our neighbours backwards and we must not follow suit. We must produce higher quality goods to take on foreign competition and boost our exports.


        i just hope the don't export zainab market quality clothing..


          The goods Pakistan exports especially in textile sector are normally of good standard.
          The point about reducing imports is a good one.
          We must reduce imports not only by producing stuff ourselves but by banning import of un-necessary stuff.We don't need to bring into our country especially luxury goods which at the moment we do import.
          The government should channel not only our expertise but also our trade in the right direction.


            What Pak exports:
            But I donít see any mention of weapons, engines and stuff, probably because this a year old report. Anyway, realisticly speaking I donít see anything on this list that makes us unique. Meaning that weíre not producing anything thatís not avalible from other markets. I think that we need to identify the key areas and / or products and consentate on them, while we keep moving ahead with all the other products.

            Carpet, cotton etc industries are to risky for countires like Pak, any civilized country can drag us down, by shuting child labour. Therefore we should develop weapon, ppl will never stop killing each other, so weapon will always be in, and since there is no moral in wars and conflicts, itís pretty safe industry.

            On a more serious note, great progress, the people of Pak can do it, if they keep politics under control.

            How come we donít have any daimond / stone industry?
            Ummm did we find anything interesting in the african market? I read an article some time ago, saying that Pak was exploring new market(s), anything new on that?


              Sorry for the long reply but it is relevant

              Pakistani arms bazaar: gearing up for Ideas 2002

              SPECIAL REPORT

              By Kaleem Omar

              Major General S. Ali Hamid, director-general plans, Joint Chiefs Headquarters, Chaklala, who was the chief organiser of the Ideas 2000 arms expo held in November, and who in January this year was appointed head of the newly created Defence Exports Promotion Organisation, an agency set up by the government to coordinate all activities relating to the promotion of export sales of Pakistani defence products and services, will chair a high-level meeting in Rawalpindi on April 5 to review preparations for the Ideas 2002 arms expo. Due to be held at the Export Promotion Bureau's Expo Centre in Karachi in September 2002, Ideas 2002 will showcase Pakistan's growing defence production capability and provide a platform for significantly boosting the country's arms exports.

              Chief Executive General Pervez Musharraf, whose government backed Ideas 2000 to the hilt, is said to be as committed to ensuring the success of Ideas 2002 as he was to the success of Ideas 2000. Talking to journalists at the Ideas 2000 show, he said, "As a military man I am indeed proud of the exhibition. What we produce domestically, we are exhibiting internationally. Ideas 2000 has created an environment of competition and pride in our capabilities and expertise." General Musharraf also spoke about the development by Pakistan of advanced electronic devices, guns and other weapons systems through reverse engineering. Referring to his meeting with the foreign delegates who attended the show, he said that he was hopeful that Ideas 2000 and Ideas 2002 would generate a lot of export orders for the country. He said he was confident that the share of defence equipment in the country's exports would increase significantly as a result of such arms shows and marketing efforts. "We should earn billions of dollars through defence exports," he said.

              These efforts have already begun to bear fruit with the signing of two arms export deals with Malaysia last month worth $ 29 million. Those deals covered only some of the items on Malaysia's shopping list. Other items on the list, for which negotiations are continuing, include Al-Khalid main battle tanks. Malaysia is said to have also expressed interest in buying an Agosta 90B submarine from Pakistan. So has Saudi Arabia. Pakistan now has the capability to build Agosta 90Bs for other countries at the Karachi Naval Dockyard, where the building of the third of the three Agosta 90Bs bought by Pakistan from France for the Pakistan Navy is now nearing completion under a technology transfer agreement with DCNI. The agreement with the French company also gives Pakistan the right to build Agosta 90Bs for countries in the Middle East and Southeast Asia. Each Agosta 90B that the Naval Dockyard succeeds in selling to a foreign country would earn Pakistan an estimated $ 350 million to $ 400 million in foreign exchange, with the prospect of earning millions more from spare parts' sales.

              In another development, a purchase mission from Syria, headed by its deputy defence minister, is currently in Pakistan with an arms shopping list. For some time now, Israel's military chiefs have been urging their government to prevent Syria from obtaining US or Western aid that would allow Damascus to purchase strategic defence systems. Israeli commanders are concerned that Syria, in the wake of any future peace treaty with Israel, would obtain billions of dollars in US and Western aid that would allow Damascus to buy weapons systems that could significantly alter the military balance in the region.

              Meanwhile, Syria has been trying to purchase the Almaz S-300 (NATO codename: SA-10 "Grumble") air defence system from Moscow. Negotiations have proceeded for three years, hampered by Syria's $ 11 billion debt to Russia and the insistence by Damascus on a long-term repayment plan. Procurement of the S-300 would mark a major improvement in Syrian air defence. It would also mark the most important step in Syria's three-year effort to bolster its military. With negotiations with Moscow seemingly bogged down, Pakistan is in a good position to offer its own air defence system to Syria. Though not quite as sophisticated as the Russian S-300, the Pakistani system would still be a marked improvement over Syria's present system. There are also good prospects for Pakistan to sell other weapons systems to Syria, including such bread-and-butter-type items as ammunition, small arms, field artillery and armoured personnel carriers (APCs).

              Pakistan makes APCs that are just as good as American APCs and much cheaper to buy. Recently, Saudi Arabia signed a whopping $ 3.6 billion deal to buy American APCs. But Pakistan could supply APCs of comparable quality to the Saudis at a much lower cost. Given this fact, it is possible that Saudi Arabia may eventually choose to divert part of its huge order to Pakistan. It will not be easy, of course, to break the American and Western hold on the Saudi market, but it can be done, given the much lower prices that Pakistan is in a position to offer for APCs, tanks and various other types of military equipment manufactured in this country. Oil-for-arms swap deals between Saudi Arabia and Pakistan are also a possibility that can be explored.

              It all boils down, in the end, to a question of product quality (which Pakistan now has), competitive prices (an area where Pakistan has a distinct edge over US and Western suppliers) and effective marketing of the wide range of defence equipment, including high-tech items, that Pakistan is now in a position to manufacture.

              It is in this field of marketing that the newly created Defence Exports Promotion Organisation and arms expos like Ideas 2000 and the forthcoming Ideas 2002 can play a vital role. It is against this backdrop that gearing up for putting on an even better arms expo in 2002 than last year's expo has assumed critical importance. Putting on an arms expo of international standards is a highly complicated business, requiring inputs from scores of organisations and defence-related industries, as well as effective coordination between private sector organising firms and government agencies. That is why the staging of a successful show requires preparations for it to begin well in advance. But the success of Ideas 2000 shows that
              it can be done.

              The Ideas 2002 progress review meeting to be held in Rawalpindi on April 5 will be attended by senior officers of the three armed services, officials of the defence production division and the ministry of defence, representatives of Pegasus Consultancy (Pvt) Limited, and representatives of the state-owned defence industries, including the Pakistan Ordnance Factories, the Military Vehicles Research and Development Establishment, Heavy Industries Taxila, Air Weapons Complex Kamra, National Development Complex, National Radio Telecommunications Corporation, Defence Science & Technology Organisation, Armament Research & Development Establishment, Margalla Electronics, Micro Electronics International (Pct) Limited, Institute of Optronics, Pakistan Machine Tool Factory (Pvt) Limited, Machinecrafts (Pvt) Limited, Al Technique Corporation of Pakistan, Karachi Shipyard & Engineering Works Limited, Pakistan Navy Dockyard, and the Dr. A. Q. Khan Research Laboratories.

              In addition to the potential that Pakistan has for earning foreign exchange from export sales of a wide range of armaments and other defence-related products manufactured here, it also has the potential to earn substantial amounts of foreign exchange by providing training to the armed forces personnel of friendly developing countries in various military-related disciplines at its defence training institutions, some of which enjoy the reputation of being amongst the best in the world. These institutions include the Pakistan Military Academy in Kakul, the Pakistan Air Academy in Risalpur, the Pakistan Naval Academy in Karachi, the School of Armour and Mechanised Warfare in Nowshera, the School of Artillery in Nowshera, the Army School of Signals in Rawalpindi, the School of Army Air Defence in Karachi, the Pakistan Navy Special Services Group Training Centre in Karachi, the Pakistan Navy Technical Training Centre in Karachi, the Naval Aviation Training School in Karachi, the Pakistan Navy Marines Training Centre in Karachi, the Command and Staff College in Quetta, the Pakistan Navy War College in Lahore, and the National Defence College in Islamabad.

              Representatives of these training institutions are also expected to attend the Ideas 2002 April review meeting, which, among other things, is expected to discuss the progress made so far in promoting the arms expo abroad and in getting bookings from foreign and Pakistani exhibitors. The meeting is also expected to review the logistics and other arrangements for the expo, with a view to ensuring that it turns out to be an even bigger success than the Ideas 2000 expo which was attended by official high-level delegations from 35 countries in Africa, the Middle East, Central Asia, East Asia and Europe, besides 22,000 other visitors and guests.

              The high-level foreign delegations that attended the Ideas 2000 expo included a four-member delegation from Bahrain (led by Chief of Staff Shaikh Abdullah Bin Salman Al Khalifa), a 14-member delegation from China (led by Political Commissar of the PLA Navy Admiral Yang Huaiqing), a six-member delegation from Egypt (led by Major General Mohammed Saeed El Assar), a seven-member delegation from France (led by Deputy Chief of the Navy Admiral Poim Beouf), a 11-member delegation from Indonesia (led by Major General Irvan Eddyson, Rear Admiral Bambang Murgiyanta and Air Marshal Mudjiono Said), a four-member delegation from Italy (led by Chief of Defence Staff General Mario Arpino), a seven-member delegation from Jordan (led by Assistant Chief of Staff Major General Mohammed Rasoul Al-Amaierah), and a five-member delegation from Kenya (led by Chief of the General Staff General Daudi R. C. Tonji).

              The other delegations included a seven-member delegation from Kuwait (led by Brigadier Abdur Rehman Muhammad Al Haajri), a four-member delegation from Lebanon (led by Major General Fadi Abou Sharqa), a two-member delegation from the Maldives (led by Brigadier Mohammed Zahir), a 16-member delegation from Malaysia (led by Minister Dato Hashim Bib Moen, Lt-General Dato Maulab bin Maamin and Admiral Dato Seri Abu Bakar Bin Abdul Jamal), a delegation from Niger (led by Mahaman Sabiou Daddi Gaoh), a three member delegation from Oman (led by Brigadier Abdullah Bin Aamir Bin Al Mirghobi), a six-member delegation from Qatar (led by Brigadier Hammad bin Ali Al Attiya), a three-member delegation from Rwanda (led by Colonel Emmanuel Habyalimana), a three-member delegation from Romania (led by Air Force General Georgescuion), and a four-member delegation from Syria (led by Lt-General Farouk Ibrahim Issa).

              There was also a five-member delegation from Saudi Arabia (led by Major General Prince Abdul Rahman Al-Faisal Bin Fahad Al-Farhan Al-Saud), a four-member delegation from Sri Lanka (led by Chief of Air Staff Air Marshal Jayalath Weerakkody), a four-member delegation from Senegal (led by Colonel El Hadji Mouhamadod Kandji, military adviser to the Minister for the Armed Forces), a two-member delegation from South Korea (led by Vice-Chairman Joint Chiefs of Staff Air Marshal Park Song-Kuk), a two-member delegation from Sudan (led by Chief of Army Staff Lt-General Ahmed Ali Salih), and a two-member delegation from Singapore (led by Assistant Chief of the General Staff Colonel Tan Teek Guan).

              Other delegations included a eight-member delegation from Turkey (led by Under-Secretary Defence Industries Dr. D. Ali Ercan, Rear Admiral Heper and Chief of Logistics Lt-General Hursit Tolon), a two-member delegation from Turkmenistan (led by Deputy Defence Minister and Chief of National Security Nursahatov), a delegation from Tajikistan (led by Deputy Minister of Defence Major General Fazieq Latifdjon Mirzoevich), a four-member delegation from the United Arab Emirates (led by Major Taha Abdullah Abdul Aziz Al-Sammri), a eight-member delegation from Ukraine (led by Volodymyr Radehenko, first deputy chairman of the National Security Council of Ukraine, and First Deputy Minister of Defence General Oleksii Stetsenko), and a four-member delegation from Zimbabwe (led by Commander of Land Forces Lt-General C. G. Chewinga and Air Marshal Henry Muchena).

              The Dubai Tridex expo, a well-known arms show, which has been taking place for over ten years now, was only able to attract 15 high-level foreign delegations last year. So Pakistan being able to attract more than twice that number of high-level foreign delegations to the Ideas 2000 expo was a feather in this country's cap and a tribute to the organisational and promotional abilities of the show's organisers.

              Even Abu Dhabi's Idex arms exhibition, which is a much bigger show than Dubai's Tridex, has never been able to get as many high-level delegations to visit the show as did Ideas 2000. The Idex 2001 exhibition, which is being held in Abu Dhabi from March 18 to March 22, will be attended by a three-member official delegation from Pakistan comprising the new secretary defence production, Air Marshal (Retd.) Zahid Anis, Major General Ali Hamid and EPB Chairman Tariq Ikram. The Pakistani delegation is expected to use the opportunity presented by Idex 2001 to promote participation by foreign exhibitors in the Ideas 2002 expo, which is being planned not only as a showcase for Pakistan's own defence products but also as a platform where manufacturers of military equipment from other countries can display their products and initiate negotiations for export sales deals.

              These developments come against the backdrop of the changing nature of the international arms market. The collapse of the Soviet Union and the end of the Cold War have produced a sea change in the way countries go about developing and acquiring weapons. Smaller defence budgets have reduced the influence of traditional military powers in the market place while at the same time inducing ever-greater attention to the cost implications of acquisition decisions, cost-effectiveness tradeoffs and even to the acquisition process itself.

              The drastic reduction in military orders from US, Russian and Western European governments, coupled with the failure of most defence conversion efforts, has forced defence manufacturers to look externally for business and survival. Defence manufacturers are also entering transnational business alliances for technical, financial and competitive reasons.

              This globalisation of the arms industry springs from a variety of complex and often interrelated economic, military and political motives. These include: sharing costs and reducing risks of developing and producing new systems; gaining access to innovative foreign technologies and one-of-a-kind systems or unique R&D facilities; achieving economies of scale; developing and penetrating foreign markets that otherwise might be closed to the partners acting individually; keeping production lines "hot" through exports and (in the process) keeping those lines available for future domestic orders should the need arise; enhancing military interoperability and increasing combat effectiveness among military allies; and exploiting unprecedented opportunities that resulted from the collapse of the Soviet bloc and the eroding of barriers that once foreclosed collaboration between Western and Eastern firms.

              An external focus has replaced the traditional domestic orientation of most arms producers. GICAT (an association of French ground force equipment producers) claims that 44 per cent of the sales of its members came from exports in 1999. A discussion of this issue on the GICAT Internet website even goes so far as to assert that exports "govern the survival of this industry." While that claim may seem a bit exaggerated at first blush, it is probably true especially for some Russian military equipment producers. Foreign customers, for example, have almost entirely filled Sukhoi aircraft's order books over the last few years.

              This means that firms are increasingly building and modifying their products to make them more attractive in the international market place. It has also encouraged firms to become far more cost conscious about what they are offering, even to the extent of worrying about the life-cycle costs of their products. They understand that for many countries today, cost has become as important as technological performance in making procurement decisions.

              Arms are now just another commodity. Once, arms transfers were seen mainly as tools of foreign policy whose primary value was political. As such, arms transfers during the Cold War were judged primarily from a national security perspective. This has changed radically since the end of the Cold War. Generally, arms are now seen as just another commodity in international trade, except when proposed sales would go to UN-embargoed states, involve long-range ballistic missiles and/or the transfer of weapons of mass destruction.

              Also, the defence business is more highly competitive than ever before. Consequently, it has become a buyer's market. Because many customers are now offering hard cash to acquire foreign weapons (as opposed to accepting foreign military credits, foreign air, or low-interest loans from the seller as in the past), they can now demand the very best, even if it is not proffered by the state. The day of the "stripped down" export model is a thing of the past.

              Cash can even overcome policy considerations. The United Arab Emirates, for example, demanded that the US reverse long-standing policies by offering AMRAAM air-to-air missiles on the 80 F-16s proposed to meet the UAE's $ 8 billion fighter aircraft procurement programme. Eventually, the US government agreed to this condition, despite strenuous objections from Israel. The UAE again used the leverage offered by this same large aircraft purchase to persuade France to make the Apache/SCALP EG land attack cruise missiles available. Today, virtually anything is available if the buyer has a suitcase full of cash.

              Pakistan's case, however, is different to that of many other countries. For one thing, there is no indication that the 10-year-old US embargo on arms sales to Pakistan will be lifted anytime soon. On the contrary, the US imposed additional sanctions on Pakistan in June 1998 following the six nuclear tests conducted by Pakistan in May that year in response to the five Indian nuclear tests conducted two weeks earlier. Second, several other Western countries, including Britain, Sweden and West Germany, also imposed an arms embargo on Pakistan following its nuclear tests. Although Russia did not formally impose a similar embargo, its long-standing friendly ties with India (the biggest foreign buyer of Russian military equipment) makes Russian arms transfers to Pakistan extremely unlikely in the foreseeable future.

              All this, however, has, in a way, accelerated the pace of Pakistan's development and production of military equipment of its own. Years of hard work and a lot of money have gone into this effort, often at the cost of urgently needed economic development schemes and social action programmes. But Pakistan has had little choice in the matter, faced, as it is, by a perpetually hostile and much bigger military power in India. From Pakistan's point of view, however, the plus side in this equation is that it is now, at long last, in a position to exploit the export sales potential of its arms industry, not only for small arms but also for things like main battle tanks, armoured personnel carriers, submarines, jet trainer aircraft and a wide range of other military equipment. Effective export marketing of these products could earn Pakistan billions of dollars over the next five to ten years. It is in this context that arms expos like Ideas 2002 have a vital role to play in boosting Pakistan's foreign currency earnings and easing pressure on its balance of payments.


                Originally posted by sabah:
                What Pak exports:
                Interesting points you have raised in your post Sabah .I will reply about those later but for now just this..

                EXPORTS TO RISE BY $900M TO $9.40B-$9.50B.

                KARACHI -(Dow Jones)-Pakistan's commerce ministry anticipates a $900 million increase in the country's exports in 2000-2001 from the previous financial year, the Business Recorder reports, quoting official sources.
                Exports are estimated at between $9.40 billion and $9.50 billion this year, up from exports of $8.57 billion in 1999-2000.
                Newspaper Web site:
                -By Shujauddin Qureshi, Dow Jones Newswires; 92-303-7298548; [email protected]

                -0- 19/03/01 04-51G.

                (Copyright (c) 2001, Dow Jones & Company, Inc.).

                A nice development don't you think?
                $900 million increase in one year?
                Even more encouraging is the fact that CE isn't nearly satisfied.I'm sure you get the point.

                [This message has been edited by Ahmed (edited March 19, 2001).]


                  Just as an indication we are looking to penetrate into the world arms market. The BBC explains:

                  Pakistan targets Arab arms market

                  Gulf states account for 17% of global arms purchases

                  By Julia Wheeler in the United Arab Emirates
                  Pakistan is making a major sales drive at the Middle East's main defence exhibition, Idex, which is being held in Abu Dhabi in the United Arab Emirates.

                  Analysts say Pakistan has the largest presence they have seen at a defence show outside the country itself.

                  In the Arab world, the underground nuclear explosions Pakistan carried out in May 1998 were lauded as the culmination of work towards an Islamic bomb.

                  As a result there has been a feeling from some sectors that it should be a defence leader within the Muslim world.

                  Now there are growing moves towards Islamic countries buying weapons from one another rather than from other countries - a similar idea to Nato members buying arms from within their own grouping.

                  Cheaper weapons

                  Saudi Arabia, the UAE and increasingly Jordan and Egypt are buying in to that idea.

                  Pakistan's status as a nuclear power has added to its kudos in selling other arms.

                  At the Idex exhibition, Pakistan is demonstrating weapons at cheaper prices than those available on other stands - a product of cheap labour.

                  Analysts believe the quality is still high.

                  In the mid-1990s Pakistani nine millimetre pistol ammunition passed the British Government's stringent tests and was bought by London.

                  For sale this week are bombs, small arms, artillery and unmanned aircraft.

                  Currently on Pakistan's client list are China, Bangladesh, Syria and some African countries.

                  The Gulf states account for 17% of world arms purchases so inroads for Pakistan into this market could make a considerable difference to its defence industry.
                  I hope we start exporting a lot. Arms are expensive. Bullets are expensive. This could go far insha'Allah.