KARACHI, Nov 27 (DNA):Pakistan Navy has launched its indigenously built Fast Attack Craft (Missile) in a ceremony held at Karachi Shipyard & Engineering Works Limited (KS&EW) here on Wednesday.

Federal Minister for Defence Production Zobaida Jalal was chief guest in the ceremony which was attended by high ranking officials and dignitaries from Ministry of Defence, Pakistan Navy, Army, Air Force, Government authorities, corporate sector and KS&EW.

Addressing the occasion, Federal Minister for Defence Production Zubaida Jalal congratulated Pakistan Navy and Karachi Shipyard for their remarkable achievement towards the National goal of indigenization and self-reliance.

She said that KS&EW is one of the few public sector industries which has made remarkable turn-around in the last decade that is from sustaining losses to a profit bearing entity of Ministry of Defence Production (MoDP).

She said that keeping in view the future economic growth of the country, the Federal Ministry of Defence Production is vigorously pursuing establishment of new shipyards.

She wished that this Missile Craft will effectively safeguard the sea front of the country.

Earlier, Managing Director KS&EW Rear Admiral Ather Saleem in his welcome address expressed gratitude to Pakistan Navy and MoDP for their continued support.

He apprised that during recent years KS&EW has completed various projects meeting international quality standards.

He also highlighted that infrastructure upgrades and preparatory works for construction of Submarines for PN is also at advance stages.