KARACHI – Prime Minister Shehbaz Sharif launched MILGEM-class ship PNS Badar – jointly constructed by Pakistan and Turkey – in the Sindh capital on Friday.
Addressing the launching ceremony, the premier said relationship between Pakistan and Turkey is reaching new heights and both countries will continue to cooperate with each other in diverse fields.
"The MILGEM-class corvette ship PNS Badar is a sign of growing cooperation between Pakistan and Turkey," Sharif said, adding that it is a huge milestone towards self-dependence in the ship building industry.
Lauding the workmanship of the engineers and workers of Karachi shipyard, he thanked the Turkish Defense Minister for attending the ceremony with his delegation.
On the occasion, he also announced an appreciation amount of 100 million rupees to the workers and management of Karachi Shipyard.
The class of four Babur corvettes are being built under the joint venture MILGEM project between Pakistan and Turkey, with two ships being built in Istanbul, Turkey and two in Karachi, Pakistan at a cost of around $1.5 Billion to the Pakistan Navy.
The Babur Class Corvettes are 3,000 tonne multi-mission platforms, equipped for anti-ship warfare (AShW), anti-submarine warfare (ASW) as well as anti-air warfare (AAW).
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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