KARACHI: (Parliament Times) Prime Minister Muhammad Nawaz Sharif on Tuesday said Pakistan was against an arms race in the region, however would pursue the motto of â€˜arms for peaceâ€™.
Addressing at the inauguration of four-day ninth International Defence Exhibition and Seminar (IDEAS) here, the Prime Minister said Pakistan was committed to discouraging arms race and promoting â€œthe motto of arms for peace, which has always been the tagline of IDEASâ€.
The Prime Minister said Pakistan had achieved self-reliance inÂ defence production and mentioned that IDEAS-2016 was a demonstration of collaboration of local and foreign technologies.
He said over 2,000 weapons system and equipment on display at the exhibition reflected broad-based participation of the countryâ€™s public and private sector in defence production, supported by research and development.
The Prime Minister said the countryâ€™s defence products were state-of-the-art and stood fully tested by its armed forces.
â€œOur defence products have made their mark in many countries of the world,â€ he said, adding there still existed manyÂ opportunities for further growth and exploration of new markets.
He said Pakistan was fast emerging producer of quality defence products.
â€œThe promise of todayâ€™s Pakistan is brighter and reassuring than every before,â€ he said.
The Prime Minister invited foreign companies to expand their business linkages with Pakistan in the field of defence production.
He expressed Pakistanâ€™s commitment for regional peace, sayingÂ that â€œwe will explore the way forward for peace and stability in theÂ world in general and our region in particularâ€.
Nawaz Sharif said the environment for foreign investment was encouraging in the country in view of improved law and order situation, besides power projects being completed on time.
He congratulated the organizers of sideline conferences duringÂ IDEAS 2016, which he said would facilitate exchanging technologiesÂ for mutual benefits and bringing together buyers and sellers â€“ oneÂ of the core objectives of the countryâ€™s defence exhibitions.
Later, Prime Minister Nawaz Sharif inaugurated the exhibition,Â flanked by Defence Minister Khwaja Asif, Chief of Army Staff GeneralÂ Raheel Sharif, Chief of Naval Staff (CNS) Admiral Mohammad ZakaullahÂ and Chief of the Air Staff Air Chief Marshal Sohail Aman.
The Prime Minister also visited the stalls of the IDEASÂ exhibition where major indigenously developed products have beenÂ showcased including battle tank Al-Khalid, JF-17 Thunder, SuperÂ Mushshak and K-8 aircraft, Fast Attack Craft Missile boats, armouredÂ personnel carriers and military hardware.
The Prime Minister was apprised that defence industries ofÂ Turkey, China, Russia, North America, South America, Europe and Asia had a significant presence at IDEAS 2016, while nine more countries were participating this time including Belarus, Poland, CzechÂ Republic, Belgium, Luxembourg, Denmark, Switzerland, Romania and
Thirty-four countries and a total of 418 companies areÂ participating in IDEAS 2016, including 261 foreign and 157 PakistaniÂ companies.
The exhibition will continue till November 25.