diff --git a/CMakeLists.txt b/CMakeLists.txt
index 83579713..658c87d2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -25,7 +25,7 @@
 cmake_minimum_required(VERSION 3.12)
 
 project (PFUNIT
-  VERSION 4.7.4
+  VERSION 4.8.0
   LANGUAGES Fortran C)
 
 cmake_policy(SET CMP0077 NEW)
diff --git a/ChangeLog.md b/ChangeLog.md
index 44fb6d7e..2531dd73 100644
--- a/ChangeLog.md
+++ b/ChangeLog.md
@@ -5,6 +5,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [4.8.0] -2023-11-29
+
+### Changed
+
+- Updated submodule for fArgparse [v1.6.0]
+
 ## [4.7.4] - 2023-11-01
 
 ### Fixed
diff --git a/extern/fArgParse b/extern/fArgParse
index cf0f1e10..82442c77 160000
--- a/extern/fArgParse
+++ b/extern/fArgParse
@@ -1 +1 @@
-Subproject commit cf0f1e10add5d8e1c7a1027e73dd58f782738350
+Subproject commit 82442c77a9a4f19fa3777aeb5c54bac4b8dac2fa