The story
The planning to establish the shipyard in Karachi began in 1947 as it was deemed essential for the defense of the country. In 1952, the Government of Pakistan reached out to Government of Germany for funding and loan feasibility, which both nation agreed upon. In 1955, the Karachi Shipyard & Engineering Works Limited was established when Pakistan Industrial Development Corporation (PIDC) commissioned a project that was delivered to Karachi Port Trust (KPT) in 1957.
Since 1955, the KSEW Ltd. remains under government sponsorship and is entirely owned by the Ministry of Defence Production. It corporate leadership is approved as deputation by the Navy HQ of Pakistan Navy. The KSEW Ltd. has attained product certification and qualification from the Turkey and United Kingdom's registry, but it usually follows British standards for quality of its products.
The KSEW Ltd. is the only company in Pakistan that has ability and capability to build deep-sea warships, and the primary builder of submarines since its establishment in 1955.
From Wikipedia’s article on Karachi Shipyard & Engineering Works, shared under CC BY-SA 4.0.4