BEIJING: China Shipbuilding Industry Corporation has confirmed a project to export eight attack submarines to Pakistan, top English newspaper of China People's Daily reported.
The corporation held a conference to discuss the details of the arrangement.
The corporation's chairman Hu Wenming, said the conference aimed to continue the spirit generated by Chinese President Xi Jinping's speeches on the Belt & 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 USD, Reuters quoted a Financial Times report.
Four of the eight submarines will reportedly be built at Karachi Shipyard & Engineering Works (KSEW) while the remaining four submarines will be built in China.
When being asked about the deal last year, China's Foreign Ministry spokesperson Hua Chunying said:" China and Pakistan are neighbors of traditional friendship with close cooperation in various fields. The normal cooperation between the two sides in the field of military industry and trade is in line with their respective international commitment".
Minister reiterates Pakistan's commitment to building a future of peace, prosperity in collaboration with US
DPO says search operation has been launched to catch kidnappers after cordoning off the area
Islamabad administration imposes Section 144 in the capital for two months
PTA chairman acknowledges importance of VPN, saying industry cannot function without it
Nationwide crackdown on unregistered VPNs is scheduled to kick off on December 1
Iqbal stresses that Constitution allows every citizen to hold peaceful protest
