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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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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 25 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 25, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.30.

Today’s currency exchange rates in Pakistan - 25 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.5 280.5
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.81 748.81
Canadian Dollar CAD 201 203.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

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