MH.Yang
Trusted Member
Yeah, that is what I suspect, looks like PAF may have even stopped all 4.5th Gen (JF-17C/J-10C) purchases just to go after the J-35. May also explain a lack of procurement in general within the PAF too. No C-130 replacement, no new LIFT, no new basic trainer to replace T-37, no additional or new refuelling tankers even though we have more fighters with in flight refuelling capability.
There is either $0 in the pot or something is up.
From a financial perspective, we are currently in a period of high global interest rates—a phenomenon that has been extremely rare over the past few decades. It is inappropriate for Pakistan to purchase the J-35 during this period when financing is so expensive.
As far as I understand, domestic interest rates in Pakistan have already reached double digits; if Pakistan were to pay in its local currency, it would shoulder a heavy debt burden.
Even if it were to use international commercial loans, the interest rates would still be very high. For example, Poland purchased three A26 submarines from Sweden at an interest rate as high as 4.5%, and since Pakistan’s standing with the IMF is weaker than Poland’s, the interest rate for Pakistan would only be higher. The interest rate obtained by Pakistan should be 6.5~7.5%.
Of course, Pakistan could obtain a loan from the Export-Import Bank of China through the Chinese government. However, given current market conditions, even if the Chinese government were to exert pressure, it is unlikely that the Export-Import Bank of China would agree to a 4.15% interest rate again.




