KARACHI (May 28 2010): Chief Executive Officer (CEO) Qubee, Mubashir Naqvi on Thursday announced the formal launch of Qubee broadband internet service in Pakistan. The Qubee service has begun in Karachi through its stores besides a network of local distributors, he said at press conference held at a local hotel. "The internet broadband growth has been forecast to reach about 4.3 million users by the end of 2013 in Pakistan at an unprecedented rate," he added.

Keeping in view the whole scenario, he said, there was a vast opportunity for wireless broadband providers to capitalise on the unexploited market in the country. Naqvi was of the view that the economic and social uplift of a country was altogether linked to the broadband access. Pakistan is amongst the most dynamic telecom economies in terms of internet growth, he cited the observation of United Nations Conference on Trade and Development 2010.

With an initial investment of 70 million dollar in Pakistan, he said, Qubee was planning to seize the opportunity of huge untapped market, adding, "Qubee is responsible for the direct employment of over 120 people in Karachi, which is set to grow to 250 people by the end of the year."

Naqvi said that Qubee would also be available in Lahore, Islamabad and Rawalpindi by the end of the current year to expand its network base across Pakistan over the next few years. CEO Qubee observed that the demand for internet connectivity had never been high in the country, saying that the new broadband service would go fully to satisfy its customers with reliable and undistorted download within a range of affordable packages.

With the brand name Qubee is a wireless broadband internet service provider of Augere Holdings Plc, in Pakistan. It offers connectivity through a technology called WiMax [World-wide Inter-operability for Microwave Access]. The minimum package is Rs 750 a month with 512 Kbps speed and six GB downloading capacity, while the internet gadget is offered to costumers free of cost. The other packages range between Rs 1,000 and Rs 1,500 with different speed slabs and download capacity a month, he told Business Recorder earlier.