PM reaffirms support for digital investment in Pakistan as VEON Group eyes expansion

Prime Minister Shehbaz Sharif in meeting with Group CEO of multinational telecommunications and digital services company VEON Kaan Terzioglu. Photo: PMO

ISLAMABAD:

Prime Minister Shehbaz Sharif on Wednesday reaffirmed his government’s commitment to facilitating foreign investment in Pakistan’s digital economy, as VEON Group CEO Kaan Terzioglu expressed interest in expanding operations in the country.

According to the Prime Minister’s Office (PMO) statement on

Prime Minister Shehbaz said Pakistan was pursuing a comprehensive strategy to boost international investment in information technology while ensuring transparency through digitalization of the economy.

Read: Government to achieve $25 billion in IT exports (PM)

“The government is taking practical steps, in coordination with all institutions, to facilitate international investments,” the Prime Minister said, adding that promoting a cashless economy through effective use of information technology remained a key priority.

The statement said that during the meeting, the Prime Minister noted that following the 5G spectrum auction, relevant institutions were working in coordination to ensure the provision of high-quality internet services.

“He also highlighted the role of Pakistani youth, saying their growing interest in IT and digital platforms made the country an attractive destination for global investors,” the statement added.

Learn more: Pakistan, Abu Dhabi Ports sign four MoUs

Terzioglu appreciated the government’s efforts to increase transparency and improve the investment climate, saying Pakistan had moved “rapidly” towards achieving a digital economy and deploying 5G services.

He also welcomed initiatives to promote a cashless economy and expressed VEON’s intention to further increase investments in Pakistan.

The meeting was attended by Finance Minister Aurangzeb, IT Minister Shaza Fatima Khawaja, Economic Affairs Minister Ahad Khan Cheema, Jazz CEO Aamir Ibrahim and other senior officials.

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