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China Eximbank provides RMB 1.019 billion government concessional loan for Pakistan Space Centre Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Pakistan |
| Country | Pakistan |
| Start Date | Apr 01, 2023 |
| End Date | Oct 12, 2032 |
| Duration | 3,482 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96240 |
Grant Description
China Eximbank provides RMB 1.019 billion government concessional loan for Pakistan Space Centre Project On January 21, 2022, the Chinese Government and the Government of Uganda signed a preferential loan framework agreement for the Pakistan Space Centre Project.
Then, in April 2023, the Government of Pakistan and China Eximbank signed an RMB 1.019 billion government concessional loan (GCL) agreement for the Pakistan Space Centre Project.
The borrower is expected to use the proceeds of the loan to finance a commercial contract between Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) and China Great Wall Industry Corporation (CGWIC).
The purpose of the project is to establish indigenous satellite development facilities — known as the Pakistan Space Centre (PSC) — in Karachi, Lahore and Islamabad in accordance with international space standards.
Upon completion, these facilities are expected to have the capability to carry out manufacturing, testing, system level assembly, integration, launch and operations of various types of satellites. China Great Wall Industry Corporation (CGWIC) is the contractor responsible for implementation. The project was originally scheduled to reach completion in April 2022.
However, it encountered implementation delays.
Staff Comments
1. The Chinese project title is 巴基斯坦航天中心（PSC）项目 or 巴基斯坦航天中心项目.
Sources & References
- Monthly Report Foreign Economic Assistance
- YEAR BOOK 2020-21
- Performance Based Budget 2020-21 to 2022-23
- Pakistan To Set Up Its Own Space Center Soon
- Pakistan Space Center & Satellite Navigation System Programs 2019-2020
- Full Text: China's Space Program: A 2021 Perspective
- Pakistan Space Center to be established
- Rs4975 million allocated for SUPARCO in PSDP 2020-21
- China extends billion yuan loan for Pakistan Space Centre project
- Cabinet okays Chinese 1b Yuan loan for PSC project
- Pakistan Institute of China Studies Gleanings from the National & Chinese Press (April 16-30, 2023)
- Monthly Report Foreign Economic Assistance December 2023
- 巴基斯坦代总理将访华，计划签署多项重要协议 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
Government of Pakistan
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