The JF-17, jointly manufactured by the Pakistan Aeronautical Complex and China’s Chengdu Aircraft Corporation, is marketed as a cost-effective, multi-role fighter with a unit cost between $25 million and $30 million. (Image: AFP/File)
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News1812-01-2026, 19:43

Pakistan's JF-17 Bet: Can Fighter Jet Sales Replace IMF Loans?

  • Defence Minister Khawaja Asif believes global JF-17 orders could eliminate Pakistan's need for IMF loans within six months.
  • Pakistan recently received a $1.2 billion loan tranche from the IMF's $7 billion program.
  • Key deals include a $4 billion weapons pact with the Libyan National Army and talks with Azerbaijan.
  • Saudi Arabia and Pakistan are discussing converting $2 billion in loans into a $4 billion JF-17 procurement deal.
  • Iraq and Bangladesh have also shown interest in the JF-17 and Super Mushshak trainer aircraft.

Why It Matters: Pakistan hopes massive JF-17 sales will end its reliance on IMF loans, despite expert skepticism.

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