Minister says VEON Pakistan plan rises to $1.5 billion

Finance Minister Muhammad Aurangzeb said the VEON investment in Pakistan will rise from $1 billion to $1.5 billion over three years, announced virtually at a UNDP fair in Karachi.

Finance Minister Muhammad Aurangzeb said VEON’s planned three-year investment in Pakistan has risen from $1 billion to $1.5 billion.

The extra $500 million, a 50 percent increase, was announced virtually at the SDGs Investment Fair 2026 in Karachi.

The plan covers connectivity, infrastructure modernisation and digital innovation through Jazz.

The $1.5 billion figure still depends on VEON’s investment programme and implementation.

Aurangzeb also cited Turkish interest in a distribution company, plus 11 IPOs in the previous fiscal year and five in the last quarter.

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Zaviya