Economics & Business

Swiss re-authorizes arms export to Pakistan

ISLAMABAD: The Swiss government on Thursday resumed arms exports to Pakistan, after it saw positive political developments in the country. The Federal Council said in a statement that it had given the green light to Swiss company Oerlikon Contraves to deliver a total of 24 anti-aircraft batteries and ammunition worth 156 million Swiss francs (100 million euros, 153 million dollars).

Six of the batteries had already been delivered when the government decided to suspend exports to Pakistan last November following the country’s political crisis. In elections this February, Musharraf’s allies were beaten by opposition forces, and Yousaf Raza Gilani was appointed new prime minister. Switzerland said however it will not allow any further arms exports to Pakistan until other European countries lift their ban.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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