On 05 September, China’s Yicai Global reported that PIESAT Information Technology Co. signed a USD $406 million deal with the Government of Pakistan to assist the latter build “an integrated satellite system for global real-time communication and remote sensing.”
In its first phase, the program will see the “launch and operation of 20 satellites, the construction of a satellite manufacturing facility, and the development of supporting software.” Overall, the goal of the program is to “help Pakistan develop independent capabilities in satellite manufacturing, operations, and applications.”
Founded in 2008 and listed on Shanghai’s Star Market in 2019, PIESAT’s flagship initiative is the new “Nuwa” constellation. Nuwa is slated to be China’s largest commercial synthetic aperture radar (SAR) network, with a target of 114 satellites, 13 of which have reportedly launched.
The Pakistan deal is valued at nearly twice PIESAT’s 2024 revenue, and given the softer domestic demand in the Chinese market in 2025, the contract could be a financial lifeline for PIESAT.
For Pakistan, the agreement aligns with its long-term aim to design, manufacture, and potentially launch satellites domestically. In 2021, the government earmarked funding for a feasibility study of a local production site, the Pakistan Space Centre (PSC). However, those studies did not materialize into an actual facility, much less any substantive large-scale satellite manufacturing work.
It now appears the PSC concept has been rolled into this PIESAT contract. If this is the case, this new contract compresses the multi-year learning curve by packaging transfer-of-technology (ToT), factory setup, and constellation deployment into a single, integrated program rather than ad hoc purchases.
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