Jazz, Pakistan’s leading digital operator, has presented a $1 billion investment plan to Finance Minister Muhammad Aurangzeb, focusing on expanding connectivity, upgrading infrastructure, and driving digital innovation across the country. The announcement underscores the company’s continued confidence in Pakistan’s economic trajectory.
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The investment plan was unveiled during a meeting attended by Aamir Ibrahim, CEO of JazzWorld, Kaan Terzioglu, CEO of VEON Group, and senior leadership. Discussions centered on Pakistan’s improving macroeconomic outlook and its transition from stabilization to sustained growth.
Long-Term Commitment to Pakistan
The company’s leadership highlighted Jazz’s deep-rooted commitment to Pakistan, reflected in over $11 billion invested in digital infrastructure over three decades. Additionally, the company has contributed over Rs500 billion to the national exchequer over the past ten years, underscoring its role as a key partner in Pakistan’s digital transformation.
Kaan Terzioglu, VEON Group CEO, commented: “Pakistan’s transition from stabilization 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.”
Spectrum Acquisition and Investment Plans
The meeting also highlighted Jazz’s recent acquisition of 190 MHz of additional spectrum, valued at over $239 million. This acquisition triples Jazz’s spectrum holdings—from 94.4 MHz to a total of 284.4 MHz—positioning the company for next-generation connectivity. The company plans to deploy the newly announced $1 billion investment over the next three years to accelerate network expansion and 5G readiness.
Meeting with IT Minister
Separately, Jazz officials met with Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja, where they emphasized the importance of sustained public–private collaboration to expand broadband access, accelerate digital inclusion, and support innovation and skills development.
5G Spectrum Auction Context
Pakistan recently generated $510 million (approximately Rs142 billion) from the landmark auction of Next Generation Mobile Services (NGMS) spectrum. The telecom regulator successfully completed the position assignment auction to determine the exact placement of spectrum blocks secured by operators.
The rollout of 5G is expected to significantly enhance data speeds, support emerging technologies, and enable digital services across sectors, including industry, healthcare, education, and e-commerce.
About Jazz
Jazz is Pakistan’s leading digital operator, serving over 70 million customers with a comprehensive range of telecommunications and digital services. As part of the VEON Group, Jazz is committed to empowering Pakistan through innovative connectivity and digital solutions.
About VEON Group
VEON is a global digital operator providing converged connectivity and digital services to over 160 million customers across markets including Pakistan, Ukraine, Kazakhstan, Bangladesh, and others.
