China Mobile subsidiary invests $1.5 bn in Pakistan
December 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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- Pakistan floods: Toll rises to 412 - Sep 25, 2011
- Pakistan moving towards MFN status for India: Gilani - Apr 03, 2012
- World Bank increases Pakistan flood support to $1 bn - Sep 02, 2010
- China, Turkey, Korea keen to invest in Pakistan - Aug 01, 2011
- Over 300 killed, 6 million affected in Pakistan floods - Sep 18, 2011
- Over 1,750 died in Pakistan floods - Sep 06, 2010
- Pakistan forms panel for 3G licences' policy - Jul 07, 2011
- Pakistan hikes defence budget, Gilani looks at economic revival (Lead) - Jun 04, 2011
- No economic success without political stability: Gilani - Aug 09, 2011
- China announces 410mn-dollar assistance for Pakistan flood victims - Dec 18, 2010
- Pakistan wants China to help build dams - Apr 03, 2012
- China's e-commerce giant hives off reward points service - Dec 20, 2011
Tags: 1 million, bn, ceo, cheque, china mobile, cmpak, flood relief, gilani, job opportunities, million subscribers, pakistan islamabad, prime minister, rupees, subsidiary, xinhua