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Public private partnership inevitable to improve defence industry, stresses COAS Bajwa

06:30 PM | 19 Jul, 2019
Public private partnership inevitable to improve defence industry, stresses COAS Bajwa
RAWALPINDI – Chief of the Army Staff General Qamar Javed Bajwa has said there is a need for an enhanced public-private partnership to make Pakistan defence industry into vibrant, self-reliant and self-sustained entity.

He was addressing a two-day National Seminar on "Defence Production-Security through Self Reliance" held in Rawalpindi on Friday.

The Army chief said that apart from the public sector and defence production organisations, a fully integrated private sector in our defence industry is much wanting.

"There is a need to amplify indigenization through fully integrated Public and Private Organizations in Defence production for meaningful progression in defence of the country."

https://twitter.com/RadioPakistan/status/1152185010855829504

Based on discussion and suggestions during the two days long sessions, the seminar concluded with policy-level recommendations for the government.

Major recommendations included the establishment of a Task Force under Prime Minister for road-map to facilitating indigenous defence production, establishing raw material industry, incorporating private sector for the raw material base so as to optimally utilise public sector capacity for indigenous defence production.

It was proposed that the surplus defence potential may be exported. The "Digital Parks" should be established to tap software industry potential and research and development may be promoted in the universities.

Representatives from public sector discussed and suggested way forward for public-private partnership in defence production. Speaking on the occasion, Minister for Defence Production Zobaida Jalal and Minister for Science and Technology Chaudhary Fawad Hussain shared their views and suggestions for development of Pakistan Defence Industry into a prolific entity.

Representatives from private sectors shared a roadmap for enhancing public-private partnership in defence production.

Mr Abdul Razak Dawood, Advisor to PM on Commerce, Textile, Industry and Production and Investment of Pakistan enlightened the participants on the importance of independent Defence Industry for National Security.

Chief of the Army Staff (COAS) General Qamar Javed Bajwa thanked participants for giving time to an important issue concerning national security.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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