denel
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Yes that is 100% correct.I believe @denel is also referring to replacing Block-1 and Block-2 fighters in his estimation.
Remember, the earliest Block-1s will be around 20 years old in 2030, so the PAF could either rebuild them or replace them entirely. Seeing how the Block-3 airframe is quite different (3-axis FBW and other subtle structural changes), it could make sense to standardize to the new model (albeit with newer electronics).