China to help Pakistan launch satellite

Rage

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China to help Pakistan launch satellite

Saturday, 05 Sep, 2009 | 07:27 AM PST |


China's third geostationary meteorological satellite, the Fengyun-2-06, is launched on a
Long March-3A carrier rocket at the Xichang Satellite Launch Center in southwest China's Sichuan
Province. — Photo by Xinhua/AP


ISLAMABAD: China said on Friday that it would provide financial assistance to Pakistan for launching its first satellite and a memorandum of understanding in this connection would be signed next week.


Addressing a press conference, Chinese Ambassador Lou Zhaohui said President Asif Ali Zardari and his Chinese counterpart Hu Jintao would meet in New York this month on the sidelines of UN General Assembly.


He said talks between the two leaders would cover bilateral relations as well as regional and international issues. He said that Pakistan’s economy had improved over the last one year and security situation too was improving.


He said China had already given $1 billion to help improve Pakistan’s foreign exchange reserves. — PPI


DAWN.COM | Sci-Tech | China to help Pakistan launch satellite
 
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1 billion by a superpower like China is very CHEAP ;compared to USA who has given 35 billion in aid and weapons over the course of the WOT. How much influence can China buy without opening the wallet wider?
 

ganesh177

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It says financial assistance, that means pakistan will have to pay that back, right ?
 

badguy2000

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1 billion by a superpower like China is very CHEAP ;compared to USA who has given 35 billion in aid and weapons over the course of the WOT. How much influence can China buy without opening the wallet wider?
china is not a superpower,but a 3rd world county.
 

sayareakd

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BG when are you guys going to launch that Pakistani satellites ??? look they are about to be beaten by Nigeria.
 

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