Beijing: Pakistan and China have signed an agreement for the launch of a special satellite to monitor the development of the USD 46 billion China-Pakistan Economic Corridor (CPEC) projects.
Minister for Planning, Development and Reform, Ahsan Iqbal on behalf of Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) and China Great Wall Industry Cooperation (CGWIC) President Yin Limping signed the agreement yesterday.
The two sides agreed for the development and launch of the ‘Pakistan Remote Sensing Satellite (PRSS-1) System’ and in this regard launch a satellite in June 2018, Dawn reported.
Speaking on the occasion, Iqbal said that bilateral cooperation between the two countries in space domain would open new vistas of socio-economic and scientific cooperation, giving boost to the historic bilateral cordial relations in other fields.
Space technology is fundamental in socio-economic development, infrastructure upgradation, agriculture production, urban planning in new age, he added.