ISTANBUL - Pakistan Navy has inducted the first MILGEM ship built in Turkiye, with the aim to strengthen the defence of country.
The commissioning ceremony of PNS Babar was held at Istanbul Shipyard on Sunday. Pakistan Navy spokesperson said Turkish Defence Minister Yashar Guler and Caretaker Defence Minister Lt. General (retd) Anwar Ali Haider were the chief guests of the ceremony.
Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi participated in the ceremony as a special guest.
Turkiye’s Defence Minister calls the commissioning of the MILGEM ship exemplary and acknowledged collaboration in the field of defence production. He commended the efforts and remarkable work done by Istanbul Naval Shipyard and ASFAT (Turkish Firm) and thanked the Pakistani government during the recent devastating earthquakes at Turkiye.
Commissioning ceremony of 1st PN MILGEM Ship #PNSBABUR was held at Istanbul,Turkiye. Minister of National Defence Turkiye Mr.Yaşar Güler &Defence Minister of Pakistan Lt Gen(R) Anwar Ali Hayder graced the occasion as ChiefGuests. #CNS Adm M Amjad Khan Niazi was also present.(1/2) pic.twitter.com/kbMfYoDYBl— DGPR (Navy) (@dgprPaknavy) September 24, 2023
Pakistan’s Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi underlined that PN MILGEM Ships fitted with state-of-the-art weapons and sensors will play a key role in maintaining peace and stability in the region.
Admiral Niazi also called for enhanced collaboration in defence production especially in the Maritime domain between Islamabad and Ankara. PN adopted indigenization of platforms and hence it is very satisfying to see modern warships being built in collaboration with brotherly country Turkiye, he added.
The MILGEM project represents an enduring symbol of Pakistan-Turkiye collaboration in the maritime domain. It is a tangible step towards self-reliance and indigenization and would fulfill the critical security needs of the Pakistan Navy.
Two sides enjoy deep-rooted fraternal ties, characterized by frequent exchanges at the leadership level, commonality of views on regional and global issues and strengthened cooperation in all areas of mutual interest.
Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.
On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold increased by thousands of rupees due to an upward trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.
Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.
Globally, gold prices hover at around $2072, gaining $32 on Sunday.
|Lahore||PKR 219,800||PKR 2,730|
|Karachi||PKR 219,800||PKR 2,730|
|Islamabad||PKR 219,800||PKR 2,730|
|Peshawar||PKR 219,800||PKR 2,730|
|Quetta||PKR 219,800||PKR 2,730|
|Sialkot||PKR 219,800||PKR 2,730|
|Attock||PKR 219,800||PKR 2,730|
|Gujranwala||PKR 219,800||PKR 2,730|
|Jehlum||PKR 219,800||PKR 2,730|
|Multan||PKR 219,800||PKR 2,730|
|Bahawalpur||PKR 219,800||PKR 2,730|
|Gujrat||PKR 219,800||PKR 2,730|
|Nawabshah||PKR 219,800||PKR 2,730|
|Chakwal||PKR 219,800||PKR 2,730|
|Hyderabad||PKR 219,800||PKR 2,730|
|Nowshehra||PKR 219,800||PKR 2,730|
|Sargodha||PKR 219,800||PKR 2,730|
|Faisalabad||PKR 219,800||PKR 2,730|
|Mirpur||PKR 219,800||PKR 2,730|