Hyde
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Updated at: 1127 PST, Saturday, September 19, 2009
Pakistan, China ink satellite technology agreement ISLAMABAD: China and Pakistan have inked an agreement for the promotion of satellite technology worth $222 million.
Ministry of Economic Affairs Division Secretary, Farrukh Qayyum and Chinese ambassador in Pakistan, Luo Zhaohui signed on the agreement. Under the agreement China will provide easy loan for 20 years, which would be utilized for the completion of different projects of Pak Sat-II
Italy also has converted over Rs1 billion loans for Pakistan into grants. The Italian government would be using this amount in different social sectors.
