Was Pharaoh drowned or saved?
He was saved.
Pharaoh ... when the (fate of) drowning overtook him, he exclaimed: I believe that there is no God save Him in Whom the Children of Israel believe ... But this day We save thee in thy body that thou mayst be a portent for those after thee. Lo! most of mankind are heedless of Our portents.
Pharaoh was drowned but his body was preserved as a sign for mankind.
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