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Pakistan Navy to get eight submarines from China by 2028

06:50 PM | 31 Aug, 2016
Pakistan Navy to get eight submarines from China by 2028
ISLAMABAD (APP/Staff Report) - The Chinese government will provide eight modified diesel-electric attack submarines to Pakistan Navy by 2028 as four of them would be constructed in China while the rest lot in Pakistan.

The head of Pakistan’s next-generation submarine programme and senior naval officials briefed the National Assembly’s Standing Committee on Defence regarding the new development.

The Chief Project Director of the Submarines gave a detailed overview of the challenges and future plans of Pakistan Navy.

He said Pakistan Navy had inked a contract for the provision of submarines with China according to which the friendly country will construct four submarines in China and will be supplied to Pakistan Navy in mid of 2022-23.

The deal is valued at $4 to $5 billion and China is expected to extend a long term loan to Pakistan at a low interest rate. It has not officially been confirmed what type of submarines will be supplied to the Pakistan Navy by the China Shipbuilding Trading Company (CSTC) and there has been considerable speculation on the subject in the past.

Analysts speculate that the new submarines will be lighter export versions of the People Liberation Army Navy (PLAN)’s Type 039 and Type 041 Yuan-class conventional attack submarines.

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 25, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279 for buying and 280.75 for selling. Euro's buying rate moved up to 301.75 and selling rate is 303.85.

British Pound rate is 356 for buying, and 360.25 for selling. UAE Dirham AED was at 76.65 and Saudi Riyal hovered at 73.90.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279 280.75
Euro EUR 301.75 303.85
UK Pound Sterling GBP 356 360.25
U.A.E Dirham AED 76.65 77.4
Saudi Riyal SAR 73.90 74.63
Australian Dollar AUD 184.95 186.75
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.65 205.65
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.15 40.55
Hong Kong Dollar HKD 35.75 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.4 204.4
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.55 7.7

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