The Executive Committee of the National Economic Council (ECNEC) in a recent meeting has granted approval to establish and deploy Pakistan’s geo stationary satellite for enhancing the quality of communication.
The meeting of ECNEC was chaired by Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh. The project titled “Pakistan Multi-Mission Communication Satellite System (PakSat-MMI)” was presented to the meeting. The project envisages establishment of the geostationary communication satellite and its ground control stations located inside Pakistan, co-hosted with the PakSat-IR.
The expected cost of the project is estimated at Rs 39.7 billion. According to the planning 15 percent of the cost of the project would be finance through federal PSDP and 85 percent shall be Chinese concessional loan.
The 44 month long project will help increase mobile density, teledensity, broadband internet density, and quick to establish means of communication over a large geographical area.