Pakistan close to buying eight Chinese submarines: FT

April 2, 2015 2:03 AM

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BEIJING (Reuters) - Pakistan is close to signing a $4 to $5 billion deal to buy eight submarines from China, the Financial Times said on Thursday, in what it added would likely be China's largest overseas arms sale.

The decision had been agreed "in principle", the newspaper said, citing a hearing in the Pakistani parliament's defense committee.

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