Beijing, China (RIA Novosti) Sep 22, 2009
China will assist Pakistan in building a new communications satellite, Chinese media reported Saturday from Islamabad.
An agreement under which China will grant a $200 million loan to Pakistan for satellite construction was signed in Islamabad on Friday.
The new PAKSAT-1R is to replace PAKSAT-1, to last until 2011. PAKSAT-1R could be orbited in two or three years' time.
It will be built jointly by China's Great Wall Industry Corporation and Pakistan's Space and Upper Atmospheric Research Commission.
Source: RIA Novosti
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