ISLAMABAD: In a major boost to Pakistan’s digital future, Jazz and VEON leadership unveiled an ambitious USD 1 billion investment plan in a high-level meeting with the finance minister to expand connectivity, modernise infrastructure, and accelerate digital innovation across the country.
JazzWorld CEO Aamir Ibrahim, accompanied by VEON Group CEO Kaan Terzioglu and senior leadership, held a high-level meeting with Federal Minister for Finance Muhammad Aurangzeb, where they reaffirmed their long-term commitment to Pakistan, and strengthening collaboration on the country’s digital growth agenda.
The discussions focused on Pakistan’s improving macroeconomic outlook and its transition from stabilisation to growth. The delegation acknowledged ongoing reforms and highlighted the role of integrated digital platforms in expanding financial inclusion, formalising the economy, and enabling investment-led growth.
The leadership underscored continued confidence in Pakistan, reflected in over USD 11 billion invested in digital infrastructure over three decades, alongside contributions exceeding Rs 500 billion to the national exchequer over the past ten years. They also highlighted JazzWorld’s scale as an integrated digital ecosystem serving over 100 million users across connectivity, fintech through JazzCash and Mobilink Bank, and digital platforms. Kaan Terzioglu, VEON Group CEO, said: “Pakistan’s transition from stabilisation to growth is both credible and well-timed, and digital scale will be central to sustaining this momentum. There is a significant opportunity to expand financial inclusion, strengthen the formal economy, and support long-term, investment-led growth.”
The recent acquisition of 190 MHz of additional spectrum, valued at over USD 239 million, was also highlighted as a key milestone, strengthening network capacity and enabling the phased introduction of next-generation services, including 5G, alongside continued expansion of 4G for inclusion.
JazzWorld CEO Aamir Ibrahim, accompanied by VEON Group CEO Kaan Terzioglu and senior leadership, also met Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja.
They appreciated the government’s progress on the Digital Pakistan agenda, including growth in IT exports and the successful spectrum auction. The importance of sustained public–private collaboration to expand broadband access, accelerate digital inclusion, and support innovation and skills development was emphasised, particularly as a significant portion of the population remains outside meaningful broadband access.
Aamir Ibrahim said: “The recent spectrum acquisition strengthens our ability to expand high-quality connectivity at scale while introducing 5G, where it creates real value. At the same time, scaling platforms like JazzCash will be critical to deepening financial inclusion, expanding access to credit, and supporting Pakistan’s transition toward a more formal, digital economy — aligned with our purpose of enabling a Better Life for All.”
JazzWorld and VEON also outlined plans to invest USD 1 billion over the next three years to expand connectivity, modernize infrastructure, and scale digital platforms, reinforcing their long-term commitment to Pakistan’s digital economy.
Copyright Business Recorder, 2026
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