5 Billion Dollar Investment in Pakistan
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.
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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.