BEIJING: The China Shipbuilding Industry Corporation has confirmed a project to export eight attack submarines to Pakistan, top English newspaper of China People's Daily reported.
In this connection, the corporation also held a conference to discuss the details of the arrangement. Hu Wenming, the corporation's chairman, said the conference was aimed to continue the spirit generated by Chinese President Xi Jinping's speeches on the Belt and Road Construction Work Symposium.
Reuters reported back in April that Prime Minister Nawaz Sharif approved the deal and called the deal could be "one of China's largest overseas weapons sales once it is signed". The deal could cost between $4 billion to %5 billion, Reuters quoted a Financial Times report. Four of the eight submarines will reportedly be built at the Karachi Shipyard and Engineering Works (KSEW) while the remaining four submarines will be built in China.
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