Business
Pakistan plans 2026 launch for first attack submarine under $5B China deal – SUCH TV
																								
												
												
											
The Pakistan Navy expects its first Chinese-designed attack submarine to enter service next year, Naval Chief Admiral Naveed Ashraf told Chinese state media, strengthening Beijing’s regional influence and its ability to counter India while projecting power toward the Middle East.
Under a $5 billion deal, Islamabad will acquire eight Hangor-class submarines by 2028, a plan Admiral Ashraf described as “progressing smoothly” in an interview with the Global Times published Sunday.
The submarines are expected to enhance Pakistan’s patrol capabilities in the North Arabian Sea and the Indian Ocean.
The announcement comes after Pakistan’s Air Force used Chinese-made J-10 fighter jets in May to down several Indian aircraft, including French-made Rafales, surprising military analysts and raising questions about the effectiveness of Western platforms versus Chinese systems.
According to the agreement, the first four diesel-electric submarines will be constructed in China, while the remaining four will be assembled in Pakistan, helping to boost the country’s technical expertise in submarine operations.
Three of the submarines have already been launched from a shipyard on China’s Yangtze River in Hubei province.
“Chinese-origin platforms and equipment have proven reliable, technologically advanced, and well-suited to the Pakistan Navy’s operational needs,” Admiral Ashraf said.
He added that as modern warfare evolves, technologies such as unmanned systems, AI, and advanced electronic warfare are becoming increasingly important, and the Pakistan Navy is exploring further collaboration with China in these areas.
Pakistan has historically been one of China’s top arms customers. Between 2020 and 2024, the country purchased over 60 percent of China’s exported weapons, according to the Stockholm International Peace Research Institute.
In addition to arms sales, Beijing has invested heavily in the China-Pakistan Economic Corridor, a 3,000 km (1,864-mile) trade and transport route connecting China’s Xinjiang region to Pakistan’s deep-water port of Gwadar, further cementing strategic ties between the two nations.
The China-Pakistan Economic Corridor, part of President Xi Jinping’s flagship ‘Belt and Road’ infrastructure initiative, aims to secure a route for the world’s largest energy importer to bring in supplies from the Middle East, bypassing the Straits of Malacca — a strategic chokepoint between Malaysia and Indonesia that could be blocked in wartime.
The initiative also extends China’s sphere of influence toward Afghanistan and Iran and onto Central Asia, and effectively encircles India, given Beijing’s ties to the junta in Myanmar and good relations with Bangladesh.
India currently operates three indigenously developed nuclear-powered submarines, along with three classes of diesel-electric attack submarines acquired or developed over decades with France, Germany, and Russia.
“This cooperation (with China) goes beyond hardware; it reflects a shared strategic outlook, mutual trust, and a long-standing partnership,” Admiral Ashraf said and added “In the coming decade, we expect this relationship to grow, encompassing not only shipbuilding and training, but also enhanced interoperability, research, technology sharing and industrial collaboration.”
Business
Vande Bharat sleeper: What issues have been flagged by Railway Ministry in the first train? Top things to know – The Times of India
Vande Bharat sleeper train: Indian Railways is aiming to launch the first Vande Bharat sleeper train in the coming months, but ahead of its launch the Ministry of Railways has highlighted concerns regarding the quality of furnishings and craftsmanship.Vande Bharat sleeper train will be a variant of the chair car air-conditioned service, aimed at long-distance travel on the Indian Railways network. The Vande Bharat sleeper trains are expected to offer a premium passenger experience, better than Rajdhani Express trains. The first ten trainsets are being manufactured by BEML, in collaboration with ICF Chennai.Railway minister Ashwini Vaishnaw recently said that two rakes of Vande Bharat sleeper trains will be launched together.
Vande Bharat sleeper train: What are the issues?
According to a PTI report, in a recent written correspondence to the Director General, Research Designs and Standards Organisation (RDSO) and General Managers across railway zones, the Railway Board identified several deficiencies.“There are issues related to furnishing and workmanship at many places in respect of sharp edges and comers at berthing area, window curtain handles, pigeon pockets between berth connectors inviting cleaning issues etc,” the Board said.The Board emphasised that remedial actions are essential for the present rake, whilst also stating that design enhancements would be required for subsequent rakes.The Railway Ministry has instructed zones to comply with all RDSO-specified conditions for operations reaching speeds of 160 kmph.Officials explained the authorisation procedure, stating that after RDSO obtains final CCRS approval for new train designs, CCRS forwards the matter to the Railway Ministry for operational clearance.“The CCRS during trial conveys its observations to the RDSO for compliance. In the case of the Vande Bharat Sleeper Train, the RDSO sent its updated compliance on September 1, 2025,” officials said.Officials noted that since the Vande Bharat Sleeper Train’s route remains undecided, the Ministry distributed its letter dated October 28 across all zones.The Ministry has emphasised adherence to several requirements, including fire safety protocols, installation of Kavach 4.0, establishment of reliable communication between loco pilots, train managers and station masters, and proper brake system maintenance.The railway authorities instructed regional divisions to train engine drivers for emergency uncoupling of semi-permanent couplers within 15 minutes, ensuring essential tools are included in the driver and guard equipment sets.“Suitable setting of temperature inside coaches shall be maintained to ensure comfortable conditions to passengers, considering ambient conditions and frequent opening & closing of doors,” they specified.The Ministry emphasised the importance of having trained technical personnel available to address any operational difficulties and emergencies during the journey.“Regular announcements shall be made through the PA system informing all persons other than passengers to disembark from the train before its departure. Also, pre-recorded Passenger safety announcements in three languages (Regional, Hindi & English) should be made during the run to sensitize passengers about personal safety norms to be observed during travel,” according to the directive.Additionally, the Ministry instructed regional divisions to assign skilled and dedicated personnel for Vande Bharat Sleeper Trainset maintenance, whilst ensuring sufficient spare parts and consumables are readily available.
Business
Policy & Resources expected to oppose Guernsey budget amendments
														
Guernsey’s most senior political committee is expected to oppose all proposed changes to its 2026 budget.
They include a halt in any rises to spending in 2026, plans to reduce the tax on petrol and future changes to how corporate tax income is calculated by the States of Guernsey.
Policy and Resources’ (P&R) budget for next year includes plans to increase spending by £12m, to tax vapes and increase many duties above inflation.
P&R President Deputy Lindsay de Sausmarez said a proposed £600 increase to income tax allowances would help people struggling with the cost of living.
The budget has been criticised for not doing enough to fix the deficit in public finances, but P&R said a debate on the future of the island’s tax policy was due to take place in the first half of the new year.
Guernsey’s Scrutiny Management Committee has sent a letter of comment to P&R which criticised the budget for spending more than the island is bringing in through taxes.
Deputy Andy Sloan, chair of the committee, said the predicted 4.4% increase in spending, despite a 3.4% forecast growth in income, was “of particular concern” as the deficit was projected “to worsen” from £66m to £77m in 2026.
Business
Top stocks to buy today: Stock market recommendations for November 4, 2025 – check list – The Times of India
Stock market recommendations:According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today on November 4, 2025 are Prestige, and Sun Pharmaceutical Industries:Prestige – Buy in the range between Rs 1782 & Rs 1783; Stop Loss: Rs 1705; Target: Rs 1930Prestige has given a breakout of a small triangle pattern on the daily chart taken support at 10 daily moving average i.e. 1740 and the stock is expected to resume the uptrend. Momentum indicators have also given a positive crossover. Key resistance for the stock is 1810 & 1900 and support is at 1730.Sun Pharmaceutical Industries – Buy in the range between Rs 1706 & Rs 1707; Stop Loss: Rs 1640; Target: Rs 1830Sun Pharmaceutical Industries has been forming a small symmetrical Triangle pattern above 20 & 40 daily moving average and the stock is expected to resume the uptrend. Momentum indicators have also given a positive crossover. The stock has been consolidating in a broad range since last two weeks and has taken support at 20 daily moving average i.e. 1678, resuming the uptrend. The stock is expected to continue the up trend. Key resistance is at 1722 & 1748 and support is at 1670. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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