Pakistan space agency, local bank launch satellite-powered agri-lending solution

President and CEO, HBL Microfinance Bank (MfB), Amir Khan (left), shakes hands with Member (SAR), Space and Upper Atmosphere Research Commission (SUPARCO), Zafar Iqbal, after signing a memorandum of understanding (MoU) in Islamabad, Pakistan, on August 10, 2025. (HBL MfB)
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Updated 10 August 2025
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Pakistan space agency, local bank launch satellite-powered agri-lending solution

  • SUPARCO to provide pre-loan assessments to banks using high-resolution satellite imagery, crop health analytics
  • After pilot project in Okara, project will include post-loan satellite monitoring to allow early detection of crop anomalies

ISLAMABAD: Pakistan’s national space agency said on Sunday it has signed a “landmark” memorandum of understanding (MoU) with HBL Microfinance Bank (HBL MfB) to introduce, for the first time, satellite-based agricultural analytics into the country’s lending ecosystem. 

The Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) said the initiative represents a major step forward in applying space technology to support climate-smart agriculture and enhance access to finance for farmers. 

The pilot will involve remote pre-loan assessments using high-resolution satellite imagery, crop health analytics, yield estimation, risk profiling, and a scoring engine to assess farm-level creditworthiness by SUPARCO. A secure API and dashboard interface will enable HBL MfB to integrate this data into its loan decision-making processes, eliminating the need for manual field verification.

“The pilot phase will be implemented in Okara District, Punjab— one of the country’s most important agricultural regions,” the statement said. 

“SUPARCO’s secure API and dashboard interface will integrate directly with HBL MfB’s systems, eliminating the need for manual field verification and enabling remote pre-loan assessments.”

The next phase of the partnership includes post-loan satellite monitoring, enabling the bank to track crop activity and raise early alerts in case of anomalies, the space agency said. 

The development takes place as Pakistan aims to strengthen its space program. China last month launched a Pakistani remote sensing satellite (PRSS-1) from the Xichang Satellite Launch Center in southwest China’s Sichuan Province.

The satellite, being primarily used in the fields of land resource surveys and disaster prevention and mitigation, will help promote the development of Pakistan, Pakistan’s planning minister had said. 

In January, China launched Pakistan’s indigenously developed Electro-Optical (EO-1) satellite into space from its Jiuquan Satellite Launch Center, aiming to predict natural disasters and monitor resources, Chinese and Pakistani state media reported.

In November 2024, SUPARCO announced its rover will join China’s Chang’E 8 mission to explore the moon’s surface in 2028.

In May 2024, Pakistan launched its first lunar satellite aboard China’s Chang’e-6 probe, which was tasked with landing on the far side of the moon that perpetually faces away from the Earth.


Death toll in Pakistan shopping plaza fire rises to 67, officials say

Updated 22 January 2026
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Death toll in Pakistan shopping plaza fire rises to 67, officials say

  • Rescue teams still searching for damaged Gul Plaza in Karachi where blaze erupted on Saturday, says police surgeon
  • Karachi has a long history of deadly fires, often linked to poor safety standards, weak regulatory enforcement

KARACHI: The death toll from a devastating fire at a shopping plaza in Pakistan’s southern port city of Karachi jumped to 67 on Thursday after police and a hospital official confirmed that the remains of dozens more people had been found.

Police surgeon Dr. Summaiya Syed said rescue teams were still searching the severely damaged Gul Plaza in the Karachi, where the blaze erupted on Saturday.

Most remains were discovered in fragments, making identification extremely difficult, but the deaths of 67 people have been confirmed, she said. Asad Raza, a senior police official in Karachi, also confirmed the death toll. Authorities previously had confirmed 34 deaths.

Family members of the missing have stayed near the destroyed plaza and hospital, even after providing their DNA for testing. Some have tried to enter the building forcibly, criticizing the rescue efforts as too slow.

“They are not conducting the search properly,” said Khair-un-Nisa, pointing toward the rescuers. She stood outside the building in tears, explaining that a relative who had left to go shopping has been missing since the blaze.

Another woman, Saadia Saeed, said her brother has been trapped inside the building since Saturday night, and she does not know what has happened to him.

“I am ready to go inside the plaza to look for him, but police are not allowing me,” she said.

There was no immediate comment from authorities about accusations they have been too slow.

Many relatives of the missing claim more lives could have been saved if the government had acted more swiftly. Authorities have deployed police around the plaza to prevent relatives from entering the unstable structure, while rescuers continue their careful search.

Investigators say the blaze erupted at a time when most shop owners were either closing for the day or had already left. Since then, the Sindh provincial government has said around 70 people were missing after the flames spread rapidly, fueled by goods such as cosmetics, clothing, and plastic items.

The cause of the fire remains under investigation, though police have indicated that a short circuit may have triggered the blaze.

Karachi has a long history of deadly fires, often linked to poor safety standards, weak regulatory enforcement, and illegal construction.

In November 2023, a shopping mall fire killed 10 people and injured 22. One of Pakistan’s deadliest industrial disasters occurred in 2012, when a garment factory fire killed at least 260 people.