Standard and Poor’s (S&P) Rating Services, the world’s foremost source of credit ratings has acknowledged Pakistan’s leading cellular company Mobilink’s strong market position.

Although the credit rating for Mobilink is at “B+” with a negative outlook, this is in response to the overall economic slowdown of the country and difficult business environment.

At the same time Mobilink’s strong market position, adequate cash flow measures and continuing industry growth potential has been identified as parameters that have offset the negative ratings.

Zouhair A Khaliq, President and CEO Mobilink acknowledging the challenging economic conditions of the country and confirming the company’s long term investment commitment, said, “Our strength lies in the establishment of strong, fundamental and coherent long-term business plan, designed tosustain economic challenges in the country, we have invested heavily in infrastructure, technology, human resources and customer services which has given impetus for a broad-based future planning strategy.”

Recently, the Chairman of Orascom Telecom, Naguib Sawiris visited Pakistan and called on the President and Prime Minister to reaffirm the group’s long term commitment in Pakistan.

The Egyptian telecom conglomerate with an overall Foreign-Direct- Investment exceeding US $ 2.5 billion in infrastructure, technology and affiliated businesses is among the largest FDIs in Pakistan.