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Pakistan Navy launches homemade Fast Attack Missile craft in Karachi

05:15 PM | 27 Nov, 2019
Pakistan Navy launches homemade Fast Attack Missile craft in Karachi

KARACHI – Pakistan Navy launched its indigenously built Fast Attack Craft (Missile) in a ceremony held at Karachi Shipyard & Engineering Works Limited (KS&EW) in Sindh capital on Wednesday.

Federal Minister for Defence Production Zobaida Jalal was chief guest in the ceremony which was attended by high ranking officials and dignitaries from Ministry of Defence, Pakistan Navy, Army, Air Force, and authorities from government, corporate sector and KS&EW.

Addressing the occasion, Federal Minister for Defence Production Zubaida Jalal congratulated Pakistan Navy and Karachi Shipyard for their remarkable achievement towards the National goal of indigenization and self-reliance.

She said that KS&EW is one of the few public sector industries which has made remarkable turn-around in the last decade that is from sustaining losses to a profit bearing entity of Ministry of Defence Production (MoDP).

She said that keeping in view the future economic growth of the country, the Federal Ministry of Defence Production is vigorously pursuing establishment of new shipyards.

She wished that this Missile Craft will effectively safeguard the sea front of the country.

Earlier, Managing Director KS&EW Rear Admiral Ather Saleem in his welcome address expressed gratitude to Pakistan Navy and MoDP for their continued support.

He apprised that during recent years KS&EW has completed various projects meeting international quality standards.

He also highlighted that infrastructure upgrades and preparatory works for construction of Submarines for PN is also at advance stages.

He assured that KS&EW is committed to complete all these challenging projects on-time, duly meeting international quality standards.

The indigenously produced Fast Attack Missile Craft is a state-of-the-art, multi-mission vessel with steel hull and aluminum super structure.

It has length of 63 meters with displacement of over 560 tons. The ship is propelled by four shafts and can attain maximum speed of 30 knots.

The missile craft is equipped with indigenously developed Weapons and Sensors that makes it a potent platform of PN.

As a result, the PN has reposed confidence in Karachi Shipyard by awarding contracts for construction of two MILGEM class Corvettes and two Harbour Tugs.

The construction for Tugs has already been initiated, while necessary preparations for construction of two MILGEM Corvettes is in full swing.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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