Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Pakistan, China seal deal to launch satellite system

byCT Report
21/04/2016
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Pakistan and China have signed a contract for the development and launching of Pakistan Remote Sensing Satellite (PRSS-1) System.

Federal Minister Planning, Development & Reform Ahsan Iqbal signed the contract on behalf of Pakistan Space & Upper Atmosphere Research Commission (SUPARCO) and China Great Wall Industry Cooperation (CGWIC) President Yin Limping signed the historic agreement on behalf of his organisation.

You might also like

SECP refers Blink Capital Management case to FIA over alleged Rs446.6m

10/08/2026

IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production

08/08/2026

Speaking on the occasion, Ahsan Iqbal said that bilateral cooperation between the two countries in space domain will open new vistas of socio-economic and scientific cooperation, giving boost to the historic bilateral cordial relations in other fields. He said that space technology is fundamental in socio-economic development, infrastructure up-gradation, agriculture production, urban planning in new age.

Through this contract, the cooperation between the two countries in space technology will help Pakistan to carry out the planning and execution of development projects in China-Pakistan Economic Corridor (CPEC) in more scientific way.

Ahsan said that this agreement will also transfer space technology to Pakistan. “Under this agreement, satellite will be launched in June 2018”, he added.

The minister termed PRSS-1 another flagship project between China-Pakistan relations after the CPEC and said that it would go a long way to redefine the bilateral relations. He said that it would also help Pakistan in national security arena by strengthening border security and surveillance apparatus.

He proposed for sending a Pakistan astronaut in Chinese Space Ship in 2017 as a mark of strong relations between the two countries. He said that PRSS-1 will be the first remote sensing satellite, which will have multiple applications that will significantly assist in socio-economic and infrastructure development activities in the country.

Related Stories

SECP refers Blink Capital Management case to FIA over alleged Rs446.6m

byCT Report
10/08/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has referred the case of Blink Capital Management (Private) Limited to...

IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production

byCT Report
08/08/2026

ISLAMABAD: The International Finance Corporation (IFC) has announced an investment of up to US$20 million in Pakistan’s leading plastic packaging...

BOI Minister meets delegation of Sundar green SEZ

byCT Report
04/08/2026

ISLAMABAD: Federal Minister for Board of Investment (BOI), Mr. Qaiser Ahmed Sheikh, held a meeting with Member National Assembly (MNA)...

PTA tightens grip on Ufone-Telenor merger with new directives

byCT Report
03/08/2026

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has directed the newly merged Ufone-Telenor entity to submit complete details of its legal,...

Next Post

Over half of Hong Kong business are uncertain about economic outlook

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.