Finance Secretary Carlos Dominguez III informed Pakistani Ambassador to Manila Safdar Hayat that the Philippines Department of National Defense is interested in importing weapons from Pakistan, which has a robust and advanced defense industry.
“I spoke with the (Pakistani) Minister of Defense and my understanding is that the defense industry in Pakistan is very advanced, and that maybe we should look at purchasing military equipment from them and he said that he definitely would look at it,” Dominguez said.
“I spoke right away with [Defense Secretary Delfin] Lorenzana. He says the equipment in the Pakistan Defense Ministry is very good,” Dominguez added.
“My efforts from the very beginning have been to concentrate on enhancing trade between the two countries,” Hayat said.
Hayat said Pakistan is also interested in exporting rice along with weapons, tanks, aircraft and submarines to the Philippines. Pakistan, he said, could also export textiles to, and import chemicals and manufactured goods from, the Philippines.
The country’s top exports to Pakistan include corn, vehicles and vehicle parts, cigarette paper, malt extract and processed fruits and nuts. The Philippines, in turn, imports packaged medicaments, refined petroleum, alcohol, raw tobacco, non-retail pure cotton yarn, and textiles, among other items, from Pakistan.
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