Pakistan's indigenous defence production saved Rs.120 billion foreign exchange

Pakistan's indigenous defence production saved Rs.120 billion foreign exchange
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KARACHI: Pakistan is gradually becoming self sufficient in the defence production field.

Local defence production has helped Pakistan save foreign exchange worth Rs120 billion ($1.14 billion) over the past one and a half year (till June 30 this year),” said Secretary Defence Production Lt-Gen. (retd) Syed Muhammad Owais on Friday.

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He was speaking at the concluding ceremony of the four-day International Defence Exhibition and Seminar (IDEAS) 2016. He said that the Directorate-General of Munition Production – with its team of researchers, scientists, and technicians – was backing the production of advanced weapons at various units, including Pakistan Ordnance Factory, Wah, Heavy Industries Taxila and Pakistan Aeronautical Complex, Kamra.

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