Was Pharaoh drowned or saved?

He was drowned. He was saved.

I deem thee lost, O Pharaoh. And he wished to scare them from the land, but We drowned him and those with him, all together.
We seized him [Pharaoh] and his hosts, and abandoned them unto the sea.

So, when they angered Us, We punished them and drowned them every one.
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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