AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

ISLAMABAD: The government of Pakistan has proposed allocating Rs 65.617 billion for Space and Upper Atmosphere Research Commission (Suparco) in the budget 2024-25.

According to documents, the government has included a new project namely Establishment of Deep Space Astronomical Observatories in Pakistan worth Rs 650 million in the budget for the next fiscal year with proposed allocation of Rs 500 million foreign exchange component and Rs 150 million local component.

The allocation for ongoing projects included Rs 4.18 billion for the establishment of the Pakistan Space Centre (PSC), Rs 59.183 billion for the Pakistan Satellite System (PakSat-MM1) and Rs 248 million for the feasibility and system definition study of Pakistan Communication Satellite-2 (PakSat-2). Additionally, Rs 1.35 billion has been allocated for the Pakistan Optical Remote Sensing Satellite (PRSS-02).

PakSat MM1 reaches its earth orbit

The total allocation of four ongoing projects, sources said are Rs 64.967 billion and Rs 650 million has been proposed for one new project that brings about the total allocation for Suparco’s projects to Rs 65.617 billion for the next fiscal year (2024-25).

The new project titled Establishment of Deep Space Astronomical Observatories in Pakistan was approved by the central development working party dated 22nd May 2024, said sources.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Usman Jun 10, 2024 07:08am
This money is going to waste.Give it to businesses to create more jobs.
thumb_up Recommended (0)