China will build in Karachi Shipyard four of eight submarines that it is selling to Pakistan, reported China daily on Tuesday, quoting Pakistan’s Minister for Defense Production Rana Tanveer Hussain.
The deal for the acquisition of submarines from China has been finalized and four of them would be built in Pakistan. Construction of the submarines would simultaneously begin in Pakistan and China. Beijing would transfer the technology to Islamabad for submarine construction.
China and Pakistan signed 51 agreements and memorandums of understanding worth $46 billion during President Xi Jinping’s visit to Pakistan early month this year.
More than 30 agreements are designed to boost the China-Pakistan Economic Corridor project connecting Kashgar in China’s Xinjiang Uygur autonomous region to Gwadar Port on the Arabian Sea.
As the early results of the planned corridor, 25 projects are scheduled to be completed in the next three to five years.