China Mobile invests $5b in Pakistan

F.P. Report

ISLAMABAD: The China Mobile Pakistan (CMPAK) has made some massive contributions for the economic development of Pakistan with total Investments amounting to US $ 3 billion with other investments in infrastructure worth over US $ 2 billion.

According to the press release, China Mobile Pakistan (CMPAK)’s Zong is covering 100 percent projects to be setup under the China Pakistan Economic Corridor (CPEC) project.

Moreover, Zong has paid around Rs 134 billion Taxes paid in the last 12 years including Activation Tax, Custom Duty, Income Tax, Sales Tax, AIT, WHT, Payroll Tax, Royalty to Pakistan Telecommunication Authority (PTA), Stamp Duty, etc. and had also created 3,500 direct and over 200,000 indirect employment, it added.

The CMPak’s commitment to leading Pakistan’s Digital Revolution would continue to reinvest all earned revenues in Pakistan whereas the Consumers Association of Pakistan (CAP) has also awarded Zong 4G for best services in country.

China Mobile Pakistan (CMPak) was a 100 percent owned subsidiary of China Mobile Communications Corporation.

The pioneering overseas set up of China Mobile came through acquisition of a license from Millicom to operate a GSM network in Pakistan.

Taken over in 2007 with a market share of only 2 per cent, Zong has seen exponential growth in the last few years to increase it by 10 folds to about 22.2 per cent.

Currently, CMPak engages in the provision of cellular mobile voice and data services to the Pakistani market through 2G, 3G and 4G technologies.

Zong stand proudly as 4G market leader with more than 14M 4G subscribers since 4G launch in 2014, with a key focus on empowering the consumers with affordable connectivity and innovation CMPak is the first operator in Pakistan to deploy more than 12,500 4G sites with 4G presence in more than 300 cities and 95 per cent of the network consists of 4G sites with highest data traffic and growth in data traffic market share and 4G sites.

With the backing of a strong group in the form of China Mobile (CMCC) Zong works closely in collaboration with the Pakistan government. Zong envisions a Pakistan which technologically and economically prosperous.