Jazz, VEON commit $1 billion for 5G rollout, digital expansion in Pakistan

JazzWorld and VEON leadership has reaffirmed plans to increase investment, committing $1 billion over three years to advance Pakistan’s 5G rollout and expand digital infrastructure.

A delegation led by JazzWorld CEO Aamir Ibrahim and VEON Group CEO Kaan Terzioğlu called on Prime Minister Shehbaz Sharif to discuss digital transformation, financial inclusion, and next-generation connectivity in the country.

During the meeting, the leadership reiterated its long-term commitment to Pakistan’s digital ecosystem, stating that the planned investment aims to strengthen connectivity, support innovation, and accelerate inclusive economic growth.

The prime minister welcomed the continued investment and appreciated JazzWorld and VEON Group for their contributions to Pakistan’s technology sector. He also acknowledged the role of JazzCash in advancing the government’s cashless economy agenda.

JazzCash has become the first financial services provider to onboard one million Raast QR merchants, supporting the State Bank of Pakistan’s digital payments framework. The platform currently hosts 24 million Raast IDs out of a total 48 million nationwide and processes a significant volume of Raast transactions.

The discussions also focused on enhancing public-private collaboration to expand broadband access, promote digital payments adoption, and leverage emerging technologies to unlock new economic opportunities.

Aamir Ibrahim said Pakistan is entering a new phase of digital growth, adding that collaboration between industry and government will be key to realising its potential.

Kaan Terzioğlu highlighted VEON’s “Invest in Pakistan NOW” initiative, aimed at attracting global investors to participate in Pakistan’s digital expansion, stating that continued investment will strengthen competitiveness and expand access to digital services.