Pakistan’s forecast shows a USD12 billion market value over the forecast period and a 3.8% CAGR. The Talha APC tops the programmes with a USD1.1 billion forecast, followed by the Al Khalid II at USD1 billion. The Maaz APC (USD842 million) rounds out the top programmes.
Other programmes include the HQ-7B short-range SAM vehicle (USD222 million), Al Zarar MBT upgrade (USD50 million) and LY-80 medium-range SAM vehicle (USD17 million). Opportunities exist for a self-propelled mortar (USD1.5 billion), an APC (USD1.1 billion) and a SPH for USD844 million.
Pakistan continues to struggle with its economy, expecting to grow just over 3.5% in the next five years. However, defence spending has increased from 2.3% of GDP to 2.54% and local industry is struggling, remaining largely dependent on licensed production by public owned organisations with no significant R&D.