Pakistan close to buying eight Chinese submarines
Pakistan is close to agreeing a multi-billion dollar deal to buy eight submarines from China, the Financial Times reported on Thursday, in what would be one of China's largest overseas weapons sales.
The decision had been agreed "in principle", the newspaper said, citing a hearing in the Pakistani parliament's defense committee. Pakistani newspaper the Dawn said negotiations with China were at an advanced stage. Pakistani defense officials could not immediately be reached for comment. China's Ministry of Defense declined to comment. A former senior Pakistan navy officer with knowledge of the negotiations told the Financial Times the contract could be worth $4 billion to $5 billion.
