Pakistan, China to jointly develop satellite

ISLAMABAD - Pakistan and China Friday signed an agreement to build a communication satellite in the next three years, officials said.

China will provide $200 million to Pakistan to build the PAKSAT-1R satellite.

Pakistan Space and Upper Atmospheric Research Commission (SUPARCO) and China Great Wall Industry Corporation (CGWIC) will jointly develop the satellite.

The agreement was signed by Pakistan’s Economic Affairs Division (EAD) Secretary Farrakh Qayyum and China’ Ambassador to Pakistan Luo Zhaohui.