Prime Minister Yousuf Raza Gilani has said Pakistan not intends to be involved in an arms race but believes effective defence as guarantee to peace. The Prime Minister was addressing the ceremony of induction of second F-22 frigate, PNS Shamsheer in Pakistan naval fleet here on Monday. The warship built in collaboration with China arrived at Karachi Port on Saturday. Prime Minister Gilani announced Rs 50 million fund for the welfare of Pakistan Navy sailors. Gilani said Pakistan have no expansionist designs in the region but self reliance in defence sector is necessary for the country. He said Pakistan playing key role for the global peace and stability. PNS Shamsheer is the second of the series of four ships being constructed for the PN in collaboration with China at the Hudong Zhonghua Shipyard in Shanghai. The third ship is also nearing completion and is expected to be handed over to Pakistan in the third quarter of 2010. The fourth ship is under construction at the Karachi Shipyard under transfer-of-technology arrangements, and will be completed by 2013. The F-22P frigate is a Sword Class Ship, capable of surviving in a multi-threat environment. The ship is fitted with long-range surface-to-surface and surface-to-air missiles and latest automatic 76mm guns. In a multi-threat environment, the ship is capable of delivering torpedoes and depth charges and also caries Z9EC helicopters. It is also equipped with advance command and control, electronic warfare systems, and a hi-tech air defence system (CIWS). The platform is fitted with long-range surface and air surveillance radars and a long-range SONAR. The frigate is 123 meters long and has a displacement of 3000 tonnes.