Loading grant details…
China provides over $300 million USD loan for National Electronics Complex of Pakistan (Phase-I) NESCOM
| Funder | China Electronics Technology Group Corporation (CETC) |
|---|---|
| Recipient Organization | National Engineering and Scientific Commission of Pakistan (NESCOM) |
| Country | Pakistan |
| Start Date | Oct 14, 2008 |
| End Date | Mar 13, 2026 |
| Duration | 6,359 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53883 |
Grant Description
China provides over $300 million USD loan for National Electronics Complex of Pakistan (Phase-I) NESCOM NECOP is a Pakistan Ministry of Defence project executed by NESCOM in partnership with the National Institute of Electronics (NIE), an arm of Pakistan’s Ministry of Science and Technology.
NECOP was established as an ‘information and electronic complex covering civilian, information technology and defence electronic domains. This could potentially include the production of components for nuclear missiles.
The initial agreement was signed in October 14-17, 2008 between Pakistan's Ambassador to China, Masood Khan, and President of China Electronics Technology Group (CETC).
The commercial contract was signed between CETC and the Pakistani government on Dec 17, 2010, under the witness of Chinese and Pakistani PMs. The contract is estimated to be around $300 million USD.
The Pakistan Ministry of Finance Estimates of Foreign Assistance for 2015-2016 show the revised budget estimate for 2014-2015 to be 0, indicating that the project had likely not started as of 2015.
The same report for year 2016-2017 shows the budget estimate for Chinese loans to the project in 2015-2016 to be 800 million Pakistani rupees, or 5.9 million USD.
The revised budget estimate, that is a mid-year review, records the predicted funds to be 0, indicating no funds were likely given in both years for the project.
Sources & References
- Pakistan Ministry of Finance Economic Affairs Division Annual Status Report 2015-16
- Pakistan Estimates of Foreign Assistance 2016-2017
- Pakistan Estimates of Foreign Assistance 2015-2016
- Pakistan’s strategic nuclear and missile industries
- Pak
- China jointly establish National Electronics Complex
- 中巴两国联合建立巴基斯坦国家电子联合体
- 中巴两国联合建立巴基斯坦国家电子联合体
- Pakistan
- China to jointly set up national electronics complex
- China’s Defense Industry on the Path of Reform Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
National Engineering and Scientific Commission of Pakistan (NESCOM)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
