Sporting arms export to be raised to $100m by 2011: The News

Friday, October 31, 2008
By Qaiser Khan Afridi

PESHAWAR: The Pakistan Hunting and Sporting Arms Development Company (PHSADC) would upgrade the most neglected industry, claiming to achieve $100 million export target by the year 2011.

Briefing journalists at the Small and Medium Enterprises Development Authority (SMEDA) office on Thursday, the newly-appointed chairman of the PHSADC and a leading industrialist, Nauman Wazir, said the company was incorporated in 2006 under the Companies Ordinance 1984, working under the Ministry of Industries, Production and Special Initiatives. He, however, lamented that officials in the past failed to promote the arms industry. “During the past two years, the officials did not perform well to boost this sector, but I am committed to unleash the hidden potential, which can earn the country millions of dollars in the coming three years,” Nauman Wazir said.

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