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Zong to invest 7 million dollars in Pakistan

Zong, a Chinese mobile company, Chief Executive Officer Qian Li has said that the Chinese mobile company has invested $721 million in telecom sector in Pakistan during 2007 and it would further invest $7 million in Pakistan this year.

He disclosed this at meeting with Punjab Governor Salmaan Taseer here on Saturday, says an official. Zong Chief Operating Officer Zafar Usmani besides telecommunication experts Li Ludang, Babar Ali Sayed and Nasir Khan were also present on this occasion. The head of the delegation Qian Li informed the Governor that 2000 transmission towers of China mobile are already working in Pakistan whereas 350 new transmission towers of China mobile will be installed in Pakistan this year.

Welcoming the Chinese investment in telecom sector, the Governor said at present 61 million people in Pakistan are taking benefit from mobile technology of telecommunication. He also said Peoples Republic of China is one of our best friends and promotion of relationship in every walk of life with this neighbouring country is an important feature of foreign policy of Pakistan. "We wanted to further expand the scope of technology transfer between China and Pakistan," he added.

The Governor expressed the hope that the huge investment in Pakistan by China mobile will leave positive impact on Pakistan's economy. He termed it a good omen that this firm wanted to establish regular service center for telecom network coverage at Punjab University. "A suitable site will be provided in Punjab University for this purpose," he added.
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