AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,996 Increased By 111.8 (1.13%)
BR30 31,008 Increased By 408 (1.33%)
KSE100 94,091 Increased By 735.5 (0.79%)
KSE30 29,173 Increased By 241.7 (0.84%)

The German Defence Ministry plans to spend billions of euros on armaments this year to tackle deficiencies in the armed forces' equipment, German newspaper Handelsblatt reported on Sunday.
Germany sharply curtailed military spending after the end of the Cold War, but began boosting spending again after Russia's annexation of the Crimea region of Ukraine in 2014. A report this year found missing spare parts and quality defects mean less than half of Germany's submarines, warplanes and some other key weapons are ready for use.
The newspaper report, citing a list of purchases the ministry wants to make, said the budget and defence committees were due to approve 18 contracts each worth more than 25 million euros. The ministry was not immediately available for comment on the report.
Handelsblatt said orders include procuring Israeli Heron TP drones, which Chancellor Angela Merkel's conservatives and their junior coalition partner, the Social Democrats (SPD), agreed in their coalition deal earlier this year.
Germany's armed forces are also due to get seven rescue helicopters, the newspaper said. It said the Defence Ministry wanted to extend the contract for the deployment of Ukrainian Antonov transport aircraft for the period 2019 to 2021.
The ministry also wants to procure six of Lockheed Martin Corp's C-130J Hercules transport aircraft, the newspaper said. It said the list included several improvements for Puma armoured personnel carriers, a maintenance contract for NH90 helicopters, radar technology for the Eurofighter, telecommunication facilities for frigates and new uniforms and protective equipment. It said officials had described the list as "preliminary" and would depend on the 2018 budget.

Copyright Reuters, 2018

Comments

Comments are closed.