Launch "PakSat 1R" a communication satellite on August 14 to replace the PAKSAT-1 which is on the verge of expiry, officials said. The satellite would be sent into the orbit on the Independence Day of Pakistan as a mark of the Sino-Pak friendship,
An agreement for manufacturing of the satellite by CAST was signed in 2008 during President Asif Ali Zardari`s visit to China.
EXIM Bank of China has provided a soft-term credit of 86.5 million RMB (Chinese currency) for the manufacturing of PAKSAT-1R, carrying a maturity period of 20 years.
The communication satellite will have 30 years` transponders 12 in C-Band and 18 in Ku-Band each of 36 MHz bandwidth. The programme is in line with Pakistan`s Medium Term Development Framework objectives and may provide better satellite communications for Pakistan. The Pakistan Space and Upper Atmospheric Research Commission and China Great Wall Industry Corporation are jointly developing the new satellite.
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