It's interesting that this latest MoU was a PLA-PA thing. For the past decade, most of the focus and high level meetings were between the PLAAF and PAF. It seems like the PAF is in a good and stable growth curve, and now focus is shifting to the Army.
Again, I'll argue that the Army needs to spend around $10 billion dollars (over 10 years) in order to regear. Either it needs 3 new armored divisions OR it needs to convert 3 existing infantry divisions and reform them as heavy combined arms divisions. A friend of mine is visiting Pakistan and will be speaking to some of his contacts in the Army, I actually made a table and asked him to 'pitch' this as an example:
| Unit Cost | Units | Subtotal | Additional COGs (+10%) |
Z-10ME Gunships | $ 20,000,000 | 150 | $ 3,000,000,000 | $ 300,000,000 |
VT-4 MBTs | $ 6,000,000 | 900 | $ 5,400,000,000 | $ 540,000,000 |
Sensor Fuzed MLRS/Artillery | $ 3,000,000 | 120 | $ 360,000,000 | $ 36,000,000 |
LY-80 SAM Package | $ 100,000,000 | 3 | $ 300,000,000 | $ 30,000,000 |
Logistics Trucks (local) | $ 15,000 | 600 | $ 9,000,000 | $ 900,000 |
IFVs / APCs (local) | $ 30,000 | 600 | $ 18,000,000 | $ 1,800,000 |
| | | $ 9,087,000,000 | $ 908,700,000 |
| | | Billions | $ 10.00 |
For the capability this equipment provides, $10 billion is a very good deal. With 3 new heavy divisions, in addition to the 2 currently, Pakistan will have serious options, beyond simply a defensive posture. (If you wanna get anything done diplomatically, you need offensive potential to back it up.)