Pakistan launches first home-made observation satellite

KARACHI (Reuters) -Pakistan launched its first home-made observation satellite on Friday from the Jiuquan Satellite Launch Centre in northern China, Pakistan's space agency said.

The PRSC-EO1 satellite will boost Pakistan's ability to monitor and manage natural resources, respond to disasters, and improve urban planning and agricultural development, the Space and Upper Atmosphere Research Commission (SUPARCO) said in a statement.

This type of satellite uses electro-optical sensors to collect data and images of the Earth's surface by detecting and measuring reflected sunlight or emitted radiation.

China's Long March-2D carrier rocket also launched on Friday two other satellites, Tianlu-1 and Blue Carbon 1, into orbit along with the PRSC EO1, China Aerospace Science and Technology Corporation said in a statement.

"Spearheaded by SUPARCO, this demonstrates our nation's growing capabilities in space science and technology," said Prime Minister Shehbaz Sharif.

Currently valued at $5 billion, the earth observation satellite market is among the fastest growing sectors within the commercial space industry, with Novaspace predicting it to exceed $8 billion by 2033.

Countries including the United States, China and India have been building their own government and private satellite constellations to map the Earth. Indian startup Pixxel this month launched the country's first privately built satellite constellation.

(Reporting by Ariba Shahid in Karachi, Eduardo Baptiste in BeijingEditing by Gareth Jones)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Malaysia PM Anwar undergoing medical procedures, aide says
• North Korean hacking group builds AI tools for cyberattacks, report says
• Taiwan simulates repelling Chinese assault, to slow mobile internet in annual war games