The Pakistan Navy will induct its third Agosta-90-B Class submarine PNS Hamza next month, placing it for a trial run before commissioning it.
The French-designed submarine is the first to be built at home under a transfer of technology agreement with the French firm DCN International, The News said.
Both PNS Khalid (commissioned in 1999) and PNS Saad (2003) were built in France.
Pakistan acquired its first submarine PNS Ghazi from the US in 1964. It sank off the Visakhapatnam coast in India during the 1971 India-Pakistan war.
Subsequently, it acquired two Daphne class submarines in 1975 and acquired the Agosta-70 from France in 1980-81.
The submarine being launched is the most advanced version of the Agosta design. It is 76 metres long and weighs around 2,000 tonnes.
Its range is 10,000 nautical miles and it can remain at sea for 60 continuous days.
Commodore Shahid Saeed, managing director of the Submarine Construction Project, said Hamza would have 50 officers and men.
It is equipped with state-of-the-art combat system Subtics (submarine tactical integrated combat system), which is capable of firing SM-39 Exocet missile and wire guided torpedoes.
The unique feature of this submarine is its air independent propulsion system, MESMA, making it capable of achieving greater underwater endurance and long range.
Saeed told journalists that Pakistan was the first country to use the on board combat ready submarine.
Submarine Construction in Pakistan Navy is a continuation of naval construction efforts that started in 1971 "for self-reliance and indigenisation".