Pakistan spent $735 million on import of arms in 2015, making it the tenth largest arms importer in the world, a military think tank said on Monday. According to the Stockholm International Peace Research Institute (SIPRI) report, Pakistan slipped one place on the list of global arms importers as imports fell from $752 million in 2014 to $735 million last year. However, the imports were significant enough to earn Pakistan a spot on the list of top global arms importer.
China and US remain the largest exporters of arms to Pakistan. While the country imported arms worth $565 m from China in 2015, showing a year-on-year increase of approximately 70 per cent from $394 million in 2014, US exports to Pakistan declined sharply in 2015 from $189 m in 2014 to $66 m last year.
Pakistan remained the largest market for Chinese military goods as it accounted for 35 per cent of total China arms sales, followed by Bangladesh and Myanmar.
Despite losing its spot as the top global arms importer to Saudi Arabia, Pakistan’s next door neighbour India remained one of the largest arms importers with imports of arms worth $3.078b in 2015.