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China, Pakistan ink deal on remote sensing

Islamabad, Pakistan: China and Pakistan signed a number of trade deals worth about USD 10 billion, said Wen Jiabao, Chinese Premier. A major deal is aimed at developing wind and solar power. Another one is on remote sensing satellite between the Pakistan Space and Upper Atmosphere Research Commission and the China Great Wall Industry Corporation.

Addressing the China-Pakistan Business Cooperation Summit in Islamabad, Pakistan, Wen said the deals reflected the huge potential for expanding bilateral economic and trade cooperation. The two sides inked some 20 trade deals covering projects in the sectors of new energy, agriculture, cotton yarn and non-ferrous metal imports.

Source: Xinhua