ABU DHABI: A Letter of Understanding (LoU) has been signed between Pakistan Ordnance Factories (POF) and Italian defence company "Beretta" on the second day of the IDEX 2017 at the POF Stall.
Chairman Pakistan Ordnance Factories Board Lt General Omar Mehmood Hayat and Italian Director sales Beretta Antonio Biondo signed the LoU for the sales of Italian pistols, shotguns and apparel in Pakistan.
Speaking to Geo News on the occasion, Lt General Hayat informed that the POF and Beretta will cooperate with each other on future business opportunities relating to Beretta products in Pakistan.
"Joint Marketing and cooperation will be made in order to enhance the export marketing." he further stated.
Italian Director Sales Beretta Antonio Biondo said that the joint cooperation between Pakistan and Italy in defence sector would go a long way in business relations and bring lucrative business opportunities for both companies.