AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.00 Increased By ▲ 0.30 (0.23%)
BOP 6.69 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 9.03 Increased By ▲ 0.24 (2.73%)
DFML 41.65 Increased By ▲ 0.07 (0.17%)
DGKC 88.10 Increased By ▲ 2.31 (2.69%)
FCCL 32.81 Increased By ▲ 0.32 (0.98%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.56 Increased By ▲ 1.01 (9.57%)
HUBC 111.20 Increased By ▲ 0.43 (0.39%)
HUMNL 14.79 Decreased By ▼ -0.28 (-1.86%)
KEL 5.02 Increased By ▲ 0.14 (2.87%)
KOSM 7.40 Decreased By ▼ -0.05 (-0.67%)
MLCF 41.10 Increased By ▲ 0.58 (1.43%)
NBP 61.30 Increased By ▲ 0.25 (0.41%)
OGDC 195.00 Increased By ▲ 0.13 (0.07%)
PAEL 27.70 Increased By ▲ 0.19 (0.69%)
PIBTL 7.78 Decreased By ▼ -0.03 (-0.38%)
PPL 152.75 Increased By ▲ 0.22 (0.14%)
PRL 26.60 Increased By ▲ 0.02 (0.08%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 84.26 Increased By ▲ 0.12 (0.14%)
TELE 7.90 Decreased By ▼ -0.06 (-0.75%)
TOMCL 36.70 Increased By ▲ 0.10 (0.27%)
TPLP 8.81 Increased By ▲ 0.15 (1.73%)
TREET 17.04 Decreased By ▼ -0.62 (-3.51%)
TRG 57.35 Decreased By ▼ -1.27 (-2.17%)
UNITY 26.80 Decreased By ▼ -0.06 (-0.22%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,710 Increased By 518.1 (0.55%)
KSE30 29,428 Increased By 227 (0.78%)

Germany is to sell main battle tanks to Qatar, ending a long ban on selling heavy weapons to Arabian peninsula nations, the news magazine Der Spiegel said on Saturday. But a sale of stealth submarines to Pakistan was on hold till, after Germany's general election in September, the magazine reported without citing sources.
Under German law, the manufacturers must obtain clearances from Chancellor Angela Merkel's national security council for the sales. The council, an inner cabinet of ministers with security portfolios, issues clearances before contracts are signed. Der Spiegel said that Germany had in the past declined to sell its 'Leopard 2' tanks to Saudi Arabia, so as not to upset Israel.
It said the sale of 36 tanks to tiny Qatar was quietly approved last year with the proviso that Israel must be informed, but the Jewish state apparently did not object. Spiegel said this was presumably because Qatar had little need to use them, since it was not under threat from its land neighbours, Bahrain and Saudi Arabia. Its 9,000-man army was acquiring the tanks for prestige reasons. Qatar is home to a large US base.
The sale of three sophisticated fuel-cell-powered Type 214 submarines to Pakistan had been approved, and an export credit of 1 billion euros (1.3 billion dollars) had been offered, but no contract has been signed yet, Spiegel said.
It said the sale negotiations were dragging out. With Pakistan, destabilised by Taliban advances, the council had decided to adjourn further deliberation on the potentially controversial sale till after September. The submarines are extremely quiet and can lurk underwater for weeks, giving them the same capability as nuclear-powered submarines.

Copyright Deutsche Presse-Agentur, 2009

Comments

Comments are closed.