In the fiscal year 2022-23, the government has set aside Rs. 8.74 billion for nine SUPARCO-related Public Sector Development Projects (PSDP).
The Pakistan Tehreek-e-Insaf (PTI) government approved all of these projects, which cost a total of Rs. 100.8 billion and included 70 percent foreign money. Up to June of this year, Rs. 6.7 billion had been spent from the budgeted funds, while Rs. 94.072 billion had been carried forward from the previous fiscal year.
The government has proposed allocating an additional Rs. 8.704 billion for these current projects this year, including Rs. 1.69 billion in foreign aid.
Three of the most important projects on the list, according to a budget document obtained by ProPakistani, are the establishment of the Pakistan Space Center (PSC) in Gilgit-Baltistan (Rs. 3.95 billion), the Pakistan Multi-Mission Communication Satellite System (Rs. 3.7 billion), and the Pakistan Optical Remote Sensing Satellite (Rs. 3.7 billion) (Rs. 500 million).
Pakistan Space Center is a government-run space agency.
In Gilgit-Baltistan, the PTI government has intended to construct a space station center. The project was approved by the National Economic Council’s Executive Committee (NCEC) in November 2018, with a total approved cost of Rs. 29.502 billion, including Rs. 18.32 billion in foreign aid.
Until the beginning of June, about Rs. 2.7 billion had been spent on the project, with Rs. 26.77 billion carried forward from the fiscal budget 2021-22. The government has set aside another Rs. 3.394 billion this year, including Rs. 1.2 billion in foreign aid.
The ECNEC approved the Pakistan Multi-Mission Communication Satellite System (Pak-Sat MM1) in January 2020, with an estimated cost of Rs. 39.73 billion and foreign aid of Rs. 3.19 billion. The project has cost Rs. 1.953 billion as of June, including Rs. 37.78 billion carried forward from FY 2021-22. This year, the government has set aside another Rs. 3.394 billion for the project, including Rs. 1.2 billion in foreign funds.
Satellite for Optical Sensing in Pakistan
In November of last year, the ECNEC approved the Pakistan Optical Remote Sensing (POSS-02) project. The total cost was anticipated to be Rs. 27.91 billion, including Rs. 21.23 billion in foreign aid. Only Rs. 100 million has been spent thus far, with the remainder being carried over into the fiscal year 2022-23. With no foreign finance, the government has budgeted another Rs. 500 million for the project this year.