China building 'most advanced' naval warships for Pakistan: Report

Agencies
January 2, 2019

Beijing, Jan 2: China is building the first of four "most advanced" naval warships for its "all-weather ally" Pakistan as part of a major bilateral arms deal to ensure among other things "balance of power" in the strategic Indian Ocean, state media reported.

Equipped with modern detection and weapon systems, it will be capable of anti-ship, anti-submarine and air-defence operations, China Daily quoted state-owned defence contractor China State Shipbuilding Corporation (CSSC) as saying.

The under-construction ship is a version of the Chinese Navy's most advanced guided missile frigate, it said.

The CSSC did not specify the ship's type but said it is being constructed at its Hudong-Zhonghua shipyard in Shanghai.

China, an "all-weather ally" of Islamabad, is the largest supplier of weapon system to Pakistan. Both the countries also jointly manufacture JF-Thunder a single engine multi-role combat aircraft.

The ship's class is Type 054AP, which means it is based on the Type 054A of the People's Liberation Army (PLA) Navy, the report quoted the Pakistani Navy as saying.

The Pakistani Navy previously said four such ships had been ordered, according to the report.

Once constructed, the warship "will be one of the largest and technologically advanced platforms of the Pakistani Navy and strengthen the country's capability to respond to future challenges, maintain peace and stability and the balance of power in the Indian Ocean region," the report said.

It will also support the Pakistani Navy's initiative of securing sea lanes for international shipping by patrolling distant waters, the daily quoted the CSSC as saying.

The mention of the Indian Ocean is regarded as significant as China, which has already taken over Pakistan's strategic Gwadar port under the multi-billion China-Pakistan Economic Corridor (CPEC), looks to assist the Pakistani navy to restore the balance of power in India's backyard.

China has acquired the logistical military base in Djibouti and taken over the Hambantota port of Sri Lanka under a 99-year debt swap deal.

China recently denied a New York Times report that it finalised a plan to build advanced fighter aircraft under the CPEC in Pakistan, adding a military dimension to it.

India protested to China over the CPEC as it is being laid through the Pakistan-occupied Kashmir (PoK).

Pakistan became the first country to hook on to China's BeiDou Satellite Navigation System, a rival to the US Global Positioning System (GPS) which went global recently. The system was expected to be used for military applications.

The report said Type 054A is the best frigate in service with the PLA Navy. Military sources said the ship has a fully loaded displacement of about 4,000 metric tonnes and is equipped with advanced radars and missiles. About 30 Type 054As are in service with the PLA Navy.

An insider in China's shipbuilding sector with knowledge of the Type 054AP programme told the Daily that the ship is the largest and most powerful combat vessel China has ever exported.

"Based on pictures circulating on the internet, the ship will have vertical launch cells that can fire Chinese HQ-16 air-defence missiles and other kinds of missiles. Vertical launch cells will bring flexibility to the user in terms of weapons portfolio, thus giving it a stronger fighting capability," he said, adding that the Type 054AP is the best frigate Pakistan can access in the international market.

"The service of Type 054APs will double the combat power of the Pakistani Navy's surface fleet," he said.

Commenting on the ship's construction, Cao Weidong, a senior researcher at the PLA's Naval Military Studies Research Institute, said in the past, the Pakistani Navy would ask its Chinese contractors to use Western radars or weapons on ships constructed by the Chinese shipbuilders because it believed the Western naval technologies were better than Chinese ones.

"But it seems that all weapons and radars on the new ship will be Chinese products, which reflects our progress in the industry and the Pakistani Navy's confidence in our technology and capability," he said.

Cao said there are many nations selling frigates in the market, so Pakistan must have made thorough comparisons in terms of combat capability and costs.

"I believe the reason they chose our type is that ours is one of the few that can carry out all of the air-defence, anti-ship and anti-submarine tasks," he said, expecting the service of the Chinese frigate to substantially boost Pakistan's defence capability.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 21,2020

Nagpur, Feb 21: Former Maharashtra chief minister and senior BJP leader Devendra Fadnavis on Friday condemned AIMIM leader Waris Pathan's reported remarks that 15 crore Muslims are more than a match for the country's 100 crore Hindus, and asked the latter not to mistake the majority community's tolerance for weakness.

Pathan has been widely condemned for reportedly stating that "15 crore hain lekin 100 crore pe bhari hain".

He purportedly made these comments while addressing an anti-Citizenship (Amendment) Act rally in Kalaburagi in north Karnataka on February 16. The AIMIM leader has claimed he was quoted out of context.

Speaking to reporters in Nagpur, Fadnavis demanded an apology from Pathan and asked the Uddhav Thackeray government to take action.

"We condemn the statement made by Waris Pathan and demand an apology. In case he does not apologise, the state government must take action against him," he said.

Fadnavis said Pathan should understand that minorities were safe and enjoyed full freedom in India because 100 crore Hindus live in the country.

He said no one would dare utter such a statement in a Muslim-majority nation, adding that the "Hindu community is tolerant but its tolerance should not be mistaken for weakness".

"Pathan should apologise to the nation and the Hindu community," he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.