ISLAMABAD: Pakistan’s national space agency on Tuesday announced its plan to launch a multi-mission communication satellite, PAKSAT MM1, from China next week, describing the initiative as a “hallmark of technological cooperation” between the two countries.
Earlier this month on May 3, the Pakistani satellite iCUBE-Qamar (ICUBE Q) was launched aboard China’s Chang’e-6 lunar mission from Hainan, China. A major milestone in Pakistan’s space exploration efforts, the satellite successfully entered the moon’s orbit on May 8, and shortly after began transmitting the first images from lunar orbit.
The Pakistan Space and Upper Atmosphere Research Commission (Suparco) now plans to launch the communication satellite with Chinese assistance on May 30.
“PAKSAT MM1 was conceived keeping in sight the growing needs of the country in the broad-spectrum of communication and connectivity,” Suparco said in a statement, adding the device will play a crucially important role in the socio-economic uplift of the country due to its advanced communication technologies.
The statement further noted the communication satellite would serve as a stepping stone in the country’s transformation into a “digital Pakistan.”
The statement also informed the launch ceremony would be broadcast live from Suparco’s offices in Islamabad and Karachi.
Established in 1961, Suparco manages Pakistan’s space program, enhancing the nation’s capabilities in satellite communications, remote sensing and meteorological science.
Pakistan set to launch multi-mission communication satellite on May 30 with Chinese support
https://arab.news/8s6g4
Pakistan set to launch multi-mission communication satellite on May 30 with Chinese support
- Suparco describes the scheduled launch as a stepping stone in transforming the country into a ‘digital Pakistan’
- The satellite will also play a role in the socio-economic uplift of the country due to the communication technologies
Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts
- Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
- Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December
KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate.
The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points.
Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, breaking a four-meeting hold in a move that surprised markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry.
“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News.
The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.
Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.
“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said.
Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”
“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.
