China confirms sale of 8 attack submarines to Pak, first delivery by 2023

[WolfPack86]

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

Reports in the Chinese state media and the military’s official website quoted China Shipbuilding Industry Corporation chairman Hu Wenming as confirming the submarine deal, which had been in the pipeline for long.

The deal comes at a time when military cooperation between Pakistan and the US has taken a nosedive. US lawmakers recently blocked a move to subsidise the sale of eight F-16 jets because of concerns that Pakistan isn’t doing enough to combat terrorism.

The China Shipbuilding Industry Corporation held a conference on October 12 to discuss details of the deal, China Shipbuilding Online reported. Hu confirmed the “project to export eight attack submarines to Pakistan” at the conference.

In August, members of the standing committee of defence of Pakistan’s National Assembly had been informed by naval officials about the deal for the eight Chinese submarines. Naval officials had also said that four of the diesel-electric submarines will be built at the Karachi Shipyard and Engineering Works.

China is expected to deliver the first four submarines by 2023 while the others will be completed by 2028. All the submarines will be fitted with air-independent propulsion (AIP) systems.

Both countries have not identified the type of submarine to be supplied by China but analysts have speculated that it could an export variant of the Chinese Navy’s Type 039 and Type 041 Yuan-class vessel.

China, which is Pakistan’s largest supplier of military hardware, is expected to provide a long-term loan at a low interest rate for the submarine deal worth between $4 billion and $5 billion.

China Shipbuilding Industry Corporation chairman Hu was quoted as saying that the conference held on October 12 aimed to continue the spirit generated by President Xi Jinping’s speeches on the Belt & Road Construction Work Symposium in August. The $46-billion China-Pakistan Economic Corridor is a key part of Xi’s “One Belt, One Road” initiative aimed at spurring economic development.

The conference was also aimed at promoting “timely and high quality export projects”, Hu said.

China confirms sale of 8 attack submarines to Pak, first delivery by 2023

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

www.hindustantimes.com

 

[SilentlAssassin265]

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

Reports in the Chinese state media and the military’s official website quoted China Shipbuilding Industry Corporation chairman Hu Wenming as confirming the submarine deal, which had been in the pipeline for long.

The deal comes at a time when military cooperation between Pakistan and the US has taken a nosedive. US lawmakers recently blocked a move to subsidise the sale of eight F-16 jets because of concerns that Pakistan isn’t doing enough to combat terrorism.

The China Shipbuilding Industry Corporation held a conference on October 12 to discuss details of the deal, China Shipbuilding Online reported. Hu confirmed the “project to export eight attack submarines to Pakistan” at the conference.

In August, members of the standing committee of defence of Pakistan’s National Assembly had been informed by naval officials about the deal for the eight Chinese submarines. Naval officials had also said that four of the diesel-electric submarines will be built at the Karachi Shipyard and Engineering Works.

China is expected to deliver the first four submarines by 2023 while the others will be completed by 2028. All the submarines will be fitted with air-independent propulsion (AIP) systems.

Both countries have not identified the type of submarine to be supplied by China but analysts have speculated that it could an export variant of the Chinese Navy’s Type 039 and Type 041 Yuan-class vessel.

China, which is Pakistan’s largest supplier of military hardware, is expected to provide a long-term loan at a low interest rate for the submarine deal worth between $4 billion and $5 billion.

China Shipbuilding Industry Corporation chairman Hu was quoted as saying that the conference held on October 12 aimed to continue the spirit generated by President Xi Jinping’s speeches on the Belt & Road Construction Work Symposium in August. The $46-billion China-Pakistan Economic Corridor is a key part of Xi’s “One Belt, One Road” initiative aimed at spurring economic development.

The conference was also aimed at promoting “timely and high quality export projects”, Hu said.

China confirms sale of 8 attack submarines to Pak, first delivery by 2023

China has announced the sale of eight attack submarines to its close ally Pakistan, widely considered to be one of Beijing’s biggest military deals with an estimated value of about $5 billion.

www.hindustantimes.com

They will complete deliverya befor p75i even starts

 

[Rajaraja Chola]

It would be interesting to know the status of Pakistan defaults before the delivery. Pakistan reserves are net zero actually. That 6B is roll over deposits from Saudi and UAE and worse they have 3B as pay later petroleum deliveries from Gulf which I think Saudi had already called in 1B. Not to mention Chinese debt and its conversion into stakes for Chinese companies.

If Pakistan defaults, it would be difficult to explain to IMF needs for spending 8B on defence and much importantly importing items using IMF money.

 

[susilk]

It would be interesting to know the status of Pakistan defaults before the delivery. Pakistan reserves are net zero actually. That 6B is roll over deposits from Saudi and UAE and worse they have 3B as pay later petroleum deliveries from Gulf which I think Saudi had already called in 1B. Not to mention Chinese debt and its conversion into stakes for Chinese companies.

If Pakistan defaults, it would be difficult to explain to IMF needs for spending 8B on defence and much importantly importing items using IMF money.

What makes you believe that China has not considered the economic situation of Pakistan before selling them the submarines?

And what makes you belive that IMF is not tracking Pakistan's economic condition and transactions?

Pakistan not necessarily pays back in money, they will sell intelligence on India and US to Chinese and access to Indian ocean via ports. And the Indian government knows it since 1947.

 

[Rajaraja Chola]

What makes you believe that China has not considered the economic situation of Pakistan before selling them the submarines?

And what makes you belive that IMF is not tracking Pakistan's economic condition and transactions?

Pakistan not necessarily pays back in money, they will sell intelligence on India and US to Chinese and access to Indian ocean via ports. And the Indian government knows it since 1947.

Chinese govt cannot keep funding Pakistan military even if it is peanuts like 8-10B dollars. Plus remember 40B of Chinese money is already locked with them.

Yes their short term interest lie in arming Pakistan to deter India. The question is for how long. Second as of now, IMF is not tracking anything regarding Pakistan military. It’s one of the strongest no discussion point Pakistan has with IMF. Due to the lack of defence spending data, IMF keeps asking Pakistan to increase taxes. Plus remember pensions are paid from civilian budget. But when it defaults, it will be a complete different story. They will be forced to share most details with imf for relief, except maybe nuclear budget. Also remember most of Pakistani exports are to the West and not China. IMF can screw them tighter if needs be. China is not going to fund maintenance for the subs or aircraft’s too for free.

 

[SilentlAssassin265]

Chinese govt cannot keep funding Pakistan military even if it is peanuts like 8-10B dollars. Plus remember 40B of Chinese money is already locked with them.

Yes their short term interest lie in arming Pakistan to deter India. The question is for how long. Second as of now, IMF is not tracking anything regarding Pakistan military. It’s one of the strongest no discussion point Pakistan has with IMF. Due to the lack of defence spending data, IMF keeps asking Pakistan to increase taxes. Plus remember pensions are paid from civilian budget. But when it defaults, it will be a complete different story. They will be forced to share most details with imf for relief, except maybe nuclear budget. Also remember most of Pakistani exports are to the West and not China. IMF can screw them tighter if needs be. China is not going to fund maintenance for the subs or aircraft’s too for free.

Millitary budget is not the only source of their finding. That plot building millitary has several real estate business, pizza franchise, c grade movies production house, etc.

 

[Rajaraja Chola]

Millitary budget is not the only source of their finding. That plot building millitary has several real estate business, pizza franchise, c grade movies production house, etc.

They can print money all they want. But they need dollars for import , maintenance . Even to pay in Yuan, if you have don’t have enough of them, you need to buy them in dollars or euro. That is something they don’t have

 

[susilk]

Chinese govt cannot keep funding Pakistan military even if it is peanuts like 8-10B dollars. Plus remember 40B of Chinese money is already locked with them.

You don't have to worry about how will they fund, Chinese can fund even at the cost of loss, worry should be how to counter these subs because they have it. Change the way you formulate.

IMF will never squeeze Pakistan.

 

[susilk]

They can print money all they want. But they need dollars for import , maintenance . Even to pay in Yuan, if you have don’t have enough of them, you need to buy them in dollars or euro. That is something they don’t have

Pakistanis have different ways to pay to China, and not necessarily in dollar.

 

[Gandaberunda]

Hook or crook or by begging they are getting submarines and our GoI/Navy dragging P75I for decades…

 

[InfinityWarrior Thanos]

Two attacks since evening