China Mobile subsidiary invests $1.5 bn in PakistanDecember 30th, 2011 - 4:50 am ICT by IANS
Islamabad, Dec 30 (IANS) CMPak, a wholly owned subsidiary of China Mobile in Pakistan, has invested $1.5 billion in the country over the past four years, the company said Thursday. CMPak has 13.2 million subscribers in Pakistan.
It has also deposited 26 billion rupees ($289 million) as taxes during the period, said Fan Yunjun, CEO of CMPak.
Fan was speaking to Prime Minister Yousuf Raza Gilani at his official residence Thursday. He presented a cheque of 1 million rupees ($11,000) to Gilani for flood relief, Xinhua reports.
China Mobile wants to invest in 3G technology in Pakistan, Fan said, adding it will create job opportunities for youth.
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