Pakistan and China have signed an agreement for the launch of a special satellite to monitor the development of the $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 here yesterday.
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.
The minister said that the agreement would also transfer space technology to Pakistan and the PRSS-1 is yet another flagship project between China-Pakistan relations after CPEC.
It would go a long way to redefine the bilateral relations, he said.
The CPEC is a $46 billion project launched with the help of China to connect western China to southern Pakistan’s port city of Gawadar, giving Beijing an opening to the Arabian Sea.