ISLAMABAD, Pakistan: The federal government has allocated Rs 4700 million for three new and one ongoing projects of the National Space Agency (SPARCO) under the Public Sector Development Programme (PSDP) for the fiscal year 2018-19.
The budgetary allocation includes Rs 2550 million for three new schemes, including Rs 1350 million for Pakistan Multi-Mission Satellite (PakSat-MMI), Lahore and Karachi, Rs 1000 million for Pakistan Space Center (PSC), Islamabad, Lahore and Karachi (China), and Rs 200 million for Establishment of Space Applications Research Center Gilgit-Baltistan (9SPARC-GB).
Similarly, Rs 2150 million has been reserved for the ongoing scheme of Pakistan Remote Sensing Satellite (PRSS) Karachi, Lahore and Islamabad (China).
The new projects allocation includes Rs 1550 million foreign assistance while Rs 1000 million will be managed from the indigenous resources. The contribution of foreign funding for the on-going scheme of Pakistan Remote Sensing Satellite (PRSS) Karachi, Lahore and Islamabad (China) is Rs 1116.281 million among the total amount of Rs 2150 million while the remaining amount of Rs 1033.719 million will be managed from the indigenous resources.