Pakistani government to launch ambitious ‘National Space Program’ to raise $700 million
An annual sum of $35 million to $45 million is being paid by the country to satellite providers in this regard.
The government of Pakistan is aiming to raise $700 million for the National Space Program (NSP) by limiting foreign satellite services.
With Prime Minister Imran Khan in the head chair, the National Command Authority (NCA) has already approved the NSP. After the approval, the federal cabinet has also revised policy guidelines that have the potential to raise at least $600 million to $700 million by the year 2030.
Countries like China, India, and Bangladesh have already limited their use of foreign satellites, and have successful local satellite services. On the other hand, Pakistan Satellite Services totals a deficit of $22.48 million every year. This is because of the complete absence of regulations.
Currently, the capacity usage in Pakistan is 2200MHz. Out of this, 21% is on Pakistani satellites and the rest is on foreign. An annual sum of $35 million to $45 million is being paid by the country to satellite providers in this regard.
For many years, Pakistan’s satellite program has been in limbo due to less facilitation of the domestic market and the government’s dependence on foreign services. But now, the Ministry of Information Technology and Telecommunication has prepared the policy guidelines draft with input from the Strategic Plans Divison (SPD), PTA, and other parties involved.
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