Ukrainian defence companies will be awarded contracts with a total value of $600m to supply military equipment to the Pakistan Armed Forces.
A Memorandum on Cooperation to this effect was signed between Ukrainian state-owned arms trading company Ukrspecexport and Heavy Industries Taxila (HIT) chairman lieutenant general Syed Wajid Hussain.
Ukrspecexport is involved in the export and import of military and special-purpose products, including weapons, ammunition, explosives, spare parts and components.
The company also repairs, maintains and upgrades military weapons and equipment for foreign customers.
Under the expected orders, the companies will deliver tank maintenance and modernisation services to Pakistan.
Ukraine's Minister of Defence and the Pakistan Armed Forces are exploring the possibility of jointly producing tanks and anti-tank missile systems.
Pakistan President Mamnoon Hussain said: “I know that the Ukrainian defence industry is well-developed. Hence, I would like to initiate the extension of our relationship and consider possibility of establishment of joint enterprises in this sphere. Your experience in shipbuilding and development of information technologies is also interesting for us.”
Both countries have also discussed ammunition trade, development of cultural and educational aspects, and the exchange of specialists between states.
Image: Ukrainian defence companies to receive $600m orders. Photo: courtesy of MoD of Ukraine.