BEIJING (APP) - Pakistan is closely collaborating with China for launching a joint space communication satellite next year. It will be a milestone in Pak-China friendship and bring immense economic benefits to Pakistan, said Ambassador Masood Khan while addressing the 30th anniversary of the establishment of China Great Wall Industry Corporation (CGWIC) on Wednesday. The agreement to set up the joint satellite communication project called Pasksat-1R was signed in 2008 and witnessed was by Pakistani President Asif Ali Zardari and his Chinese counterpart President Hu Jintao. Established in 1980, CGWIC is the sole commercial organisation authorised by the Chinese government to provide satellites, commercial launch services and to carry out international space cooperation. While felicitating the CGWC on its 30th anniversary, Ambassador Khan congratulated China over the launch of its second lunar orbiter Change 2 earlier this month. He also extended heartiest felicitations to China National Space Administration and China Aerospace Science and Technology Corporation. Recalling the launch of Chinas first satellite Shen Zhou Qihao in September 2008, the Ambassador said that with its launch whole China seemed to have soared into space. He regarded it a true revolution of expectations and achievements. He said it has been a privilege for Pakistan to be associated with the GWIC. The CGWIC is Chinas aerospace industrys international face. Through its in-orbit delivery services, commercial launch services, and aerospace technology applications, it promotes international cooperation with Asia, Africa, Latin America as well as all the other continents of the world. Its effort will help harness the resources of space and outer space for the common good of humanity, he said. The company can rightly take pride for its sterling growth and performance in the past 30 years. It is, infact, a symbol of Chinas rapid and unprecedented growth in the last three decades, he continued. Dilating on the recent flood devastation in Pakistan, he said, the country has passed through one of the most difficult periods in its history. 20 million people were affected or uprooted by the devastation of the unprecedented floods. At this difficult hour, the Government and people of China stood by Pakistan. CGWIC is one of those friends who stepped forward to assist us in our relief and recovery effort ambassador Khan observed. He expressed deepest appreciation and most profound gratitude of the Government and the people of Pakistan to CGWIC for its financial contribution of RMB 500,000 to Pakistans relief effort he said. As China prepares to launch Shenzhou Bahao, and to develop Mars exploration technologies for starting a joint mission with Russia in 2011, Ambassador Masood Khan expressed the aspiration that one day a Pakistani astronaut will travel aboard Shenzhou. We always say that Pakistan-China relations are deeper than oceans and higher than mountains. On the day a Pakistani astronaut boards Shenzhou we would say our friendship is as vast as the space itself, he said. Going to space has always a beautiful dream for humanity. It is professional entities like CASC and CGWIC that make this dream possible. They bring stars in our grasp, he concluded. Mr Cao Gangchuan, former Vice Chairman of the CPC Central Military Commission and former Minister of National Defence Mr. Song Jian, former Vice Chairman of CPPCC National Committee Mr. Ma Xingrui, President China Aerospace Science and Technology Corporation, Mr. Liu Zhenmin, Assistant Foreign Minister and Mr. Yin Liming, President China Great Wall Industry Corporation were also present on the occasion.