The Federal Cabinet has given its nod to China’s one-billion-yuan loan for Pakistan Space Centre project.
According to sources, Federal Cabinet extended its approval for finalizing the loan agreement through a circulation summary. Pakistan has requested China for a concessional loan for the space project.
The annual mark-up on the loan will be two percent while one-time management fee will be 0.25 percent.
The sources further said that there would also be annual 0.2 percent commitment charges on this loan.
