Tech
7.0
Pakistan PM meets VEON Group CEO to discuss 5G rollout, digital economy expansion
Pakistan's Prime Minister Shehbaz Sharif met with VEON Group CEO Kaan Terzioglu to discuss investment opportunities in Pakistan's digital sector, highlighting a successful 5G spectrum auction that generated $507 million across three carriers (Zong, Jazz, Ufone). VEON expressed intent to increase investment in Pakistan as the government pursues broader digitalization initiatives including satellite internet, international cable connectivity, and fiber network expansion. The meeting signals continued foreign investor confidence in Pakistan's telecom and digital infrastructure development.