No Result
View All Result
Tuesday, July 1, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Pakistan signs biggest ever fighter jet sale deal with Azerbaijan

MM News Staff by MM News Staff
February 23, 2024
A JF-17 of the Pakistan Air Force (Image: Wikipedia)

A JF-17 of the Pakistan Air Force (Image: Wikipedia)

Pakistan has signed its largest fighter jet export deal ever with Azerbaijan, Azernews reported on Thursday.

The deal for JF-17C Block-III fighter jets was signed for $1.6bn, including aircraft, training and ammunition, Pakistani media reported.

Pakistani authorities have not immediately commented on the agreement, which amounts to nearly double the most recent tranche of $700 million from the IMF for Pakistan.

The agreement, reportedly signed by the Pakistan Aeronautical Complex (PAC) with the Azerbaijan Air Force, was disclosed by an Azerbaijani website, quoting Pakistani media without specifying the source.

Reportedly, the agreement involves the sale of JF-17C Block-III fighter jets for $1.6 billion.

The PAC, a conglomerate comprising four adjacent factories, is responsible for maintaining all operational assets of the Pakistan Air Force to ensure control and efficient operations.

This complex boasts diverse engineering capabilities, enabling it to undertake a wide range of tasks including aircraft structure overhaul, aircraft component overhaul, aircraft engine overhaul, as well as radar and avionics maintenance and overhaul.

Established in 1971, the PAC was established after recognizing the significant foreign exchange expenditure associated with aircraft overhaul abroad.

Initially known as the F6 Rebuild Factory, now referred to as the Aircraft Rebuild Factory (ARF) in Kamra, it has collaborated with companies from Turkey and China to manufacture certain products. Additionally, it has business interests in several other countries including Myanmar, Nigeria, Qatar, Saudi Arabia, and the United Arab Emirates.

Last year, Pakistan and Azerbaijan affirmed their commitment to strengthen bilateral cooperation in energy, trade, and aviation sectors, reflecting the enduring relationship between the two nations. This commitment was underscored during discussions between former Prime Minister Shehbaz Sharif and Azerbaijan President Ilham Aliyev at Zugulba Palace in June 2023.

ShareTweetSendShare
Previous Post

Shab-e-Barat: Holiday for schools and colleges announced on Monday

Next Post

Gold prices see big drop in Pakistan

Related Stories

History
Business & Stock

PSX makes history on first day of fiscal year, sets all-time high

July 1, 2025
Attack on Gaza
Top News

Israel attacks Gaza again: 95 Palestinians martyred, death toll exceeds 56,000

July 1, 2025
Regulatory Duties
Business & Stock

Govt u-turn on tariff reforms: Regulatory duties retained on 300+ items

July 1, 2025
Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

July 1, 2025
Gold Prices
Business & Stock

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Petroleum Price in Pakistan
Business & Stock

Petrol price in Pakistan sees major hike amid inflation pressure

July 1, 2025
Online/File photo
Prices

Govt end electricity duty from power bills

June 30, 2025
File photo
Top News

Ashura: Sindh requests suspension of mobile, internet services on 9th and 10th Muharram

June 30, 2025
Business & Stock

Finance Bill 2025-26 to come into effect from 12am

June 30, 2025
Thought Box

Did Indian tech companies provide backdoor access to Israel into Iran’s sensitive systems?

June 30, 2025
Next Post

Gold prices see big drop in Pakistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Mahira Khan
Film & TV

Mahira Khan speaks out against India’s restrictions on Pakistani artists

by MM News Staff
July 1, 2025
History
Business & Stock

PSX makes history on first day of fiscal year, sets all-time high

by MM News Staff
July 1, 2025
Attack on Gaza
Top News

Israel attacks Gaza again: 95 Palestinians martyred, death toll exceeds 56,000

by MM News Staff
July 1, 2025
Regulatory Duties
Business & Stock

Govt u-turn on tariff reforms: Regulatory duties retained on 300+ items

by MM News Staff
July 1, 2025
Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

by MM News Staff
July 1, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

Foreign Currency Rates
Business & Stock

Foreign currency exchange rates in Pakistan, 1 July 2025

by MM News Staff
July 1, 2025

Foreign exchange rates significantly influence both global and local economic landscapes. They affect everything...

Gold Prices

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Petroleum Price in Pakistan

Petrol price in Pakistan sees major hike amid inflation pressure

July 1, 2025
Online/File photo

Govt end electricity duty from power bills

June 30, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.