ISLAMABAD: Chinese satellite company PIESAT has signed a 2.9 billion yuan ($400 million) agreement with Pakistan to help the country develop an independent satellite network.
The firm announced this here after a recent China-Pakistan B2B investment conference, according to Gwadar Pro on Wednesday
Under the agreement, PIESAT will support Pakistan in establishing a dedicated satellite constellation for real-time communications and remote sensing.
The agreement further strengthens technological cooperation between the two sides. In June last year, PIESAT signed a 200 million yuan agreement with Pakistan to provide smart agriculture technology for a large-scale farm in Bahawalpur.
The company provides satellite operation and application services in disaster migitation and prevention, natural resource supervision and environmental management, Gwadar Pro added.
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