VEON and JazzWorld Launch "Invest in Pakistan, NOW!" Inviting International Investors to Participate in Pakistan's Growth
MWN-AI** Summary
VEON Ltd. (Nasdaq: VEON), a global digital operator, has launched its “Invest in Pakistan, NOW!” initiative in collaboration with JazzWorld, during the World Governments Summit in Dubai. This initiative aims to encourage international investors to recognize the strengthening economic fundamentals of Pakistan and the emerging long-term growth opportunities. A key element of this initiative is the Memorandum of Understanding (MoU) signed between JazzWorld and the Nutshell Group of Pakistan, aimed at fostering dialogue on digitalization, inclusive growth, and cross-border investments.
The MoU signing was attended by prominent figures, including Bilal Azhar Kiyani, Pakistan's Minister of State for Finance, and Shafqat Ali Khan, the Pakistani Ambassador to the UAE. Kiyani emphasized the stability Pakistan has achieved, thanks to government initiatives designed to bolster investor confidence. He commended VEON, JazzWorld, and Nutshell for their efforts in forging partnerships that exemplify the benefits of foreign investments.
VEON Group CEO Kaan Terzioglu articulated the transformative potential of AI and human-centered innovation as catalysts for growth. He expressed that the Dubai Summit served as an ideal setting to launch “Invest in Pakistan, NOW!” to stimulate interest in public-private partnerships. JazzWorld's CEO Aamir Ibrahim reinforced the message by highlighting Pakistan's robust long-term growth fundamentals and the country’s readiness to embrace its next growth phase through extensive digital infrastructure.
With over $11 billion invested since 1994, JazzWorld has solidified its position as Pakistan's leading digital services company, impacting over 100 million customers and offering a range of digital solutions. The initiative signifies VEON's commitment to leveraging its capabilities for the transformation of Pakistan's economy and attracting global investment.
MWN-AI** Analysis
The recent launch of the “Invest in Pakistan, NOW!” initiative by VEON and JazzWorld represents a significant opportunity for international investors looking to tap into the emerging market potential of Pakistan. The collaboration aims to showcase the country's strengthened economic fundamentals and foster public-private partnerships, providing a timely invitation for global capital to explore investment avenues in a landscape ripe for growth.
Investors should recognize that Pakistan, despite historical challenges, is experiencing macroeconomic stabilization, as highlighted by Bilal Azhar Kiyani, the Minister of State for Finance. With government initiatives aimed at enhancing the business ecosystem, international partners can expect a more receptive environment for foreign investments. The signing of the Memorandum of Understanding (MoU) with Nutshell Group exemplifies a strategic effort to integrate technology and innovation in driving inclusive economic growth.
VEON's track record and commitment are noteworthy, as the group has already made substantial investments exceeding USD 11 billion in Pakistan since 1994. Their success through JazzWorld—a leading digital services provider—demonstrates the scalability and resilience of solutions that cater to various sectors like fintech, entertainment, and health-tech. With over 100 million users benefitting from services like JazzCash and Tamasha, the platform's multifaceted approach is positioned to attract diverse investor interests.
Furthermore, the focus on technology-driven services, particularly in AI and local-language digital solutions, indicates a proactive stance on capturing regional talent and innovation. As Kaan Terzioglu, VEON's CEO, suggests, this moment presents a paradigm shift for the region, emphasizing the vital role of AI and digitalization in shaping the future.
In summary, the “Invest in Pakistan, NOW!” initiative is a compelling proposition for international investors seeking to enter a market with immense potential. Active engagement in this initiative could yield significant returns as Pakistan solidifies its place in the global economic landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Dubai, New York and Islamabad, 8 February 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announced the launching of its “Invest in Pakistan, NOW!” initiative in partnership with JazzWorld, VEON’s services company in Pakistan, during World Governments Summit in Dubai, UAE. “Invest in Pakistan, NOW!” invites international investors to take a fresh look at Pakistan as the country’s economic fundamentals strengthen, and long-term growth opportunities become more visible.
As a part of the initiative, JazzWorld and Nutshell Group of Pakistan, signed a Memorandum of Understanding (MoU) to advance dialogue and partnerships around digitalization, inclusive growth, and cross-border investment in Pakistan.
The signing ceremony was attended by Bilal Azhar Kiyani, Minister of State for Finance and Railways of Pakistan, and His Excellency Shafqat Ali Khan, Ambassador of Pakistan to the UAE, as well as senior diplomats, business leaders, VEON Founder and Chairman Augie Fabela, VEON Group CEO Kaan Terzioglu, and JazzWorld CEO and VEON Group Executive Committee member Aamir Ibrahim, among others.
Zaheer Mehdi, JazzWorld’s Chief Corporate and Regulatory Affairs Officer, and Muhammad Azfar Ahsan, Founder and Chairman of Nutshell Group, have signed the MoU in a ceremony attended by Minister Bilal Azhar Kiyani, H.E. Ambassador Shafqat Ali Khan, VEON Founder and Chairman Augie Fabela, VEON Group CEO Kaan Terzioglu, JazzWorld CEO and VEON GEC member Aamir Ibrahim.
Mr. Bilal Azhar Kayani, Minister of State for Finance and Railways highlighted that Pakistan has achieved macroeconomic stability backed by the government’s initiatives to improve confidence and the business ecosystem for attracting foreign investment in the country. The Minister of State appreciated the initiatives of VEON, JazzWorld and Nutshell Group of Pakistan, expressing that such partnerships around digitalization and cross-border investment would set an example for other foreign investors to invest in Pakistan.
Kaan Terzioglu, VEON Group CEO, noted that the region is at the cusp of a historical paradigm shift. “We are at a point in history: Powered by AI, which we call augmented intelligence, human-centered innovation can fundamentally change the way we achieve growth and improve lives with services. “With the ‘Invest in Pakistan, NOW!’ initiative, we want to spark international investor interest and a new wave of public-private partnerships that will help Pakistan seize this moment. The World Governments Summit held here in Dubai, where VEON’s headquarters is located, is the perfect venue to start this journey.”
Aamir Ibrahim, Executive Committee Member of VEON Group and CEO of JazzWorld, underscored the transformation in Pakistan’s macro-level fundamentals: “Pakistan today is best understood through the scale and resilience of its long-term fundamentals. Investors who focus on these fundamentals will recognize the progress already taking place on the ground. With national-scale digital platforms already in place, Pakistan is well positioned for its next phase of growth and it is a powerful opportunity for regional and global investors. We look forward to making this potential more visible to the investor community with our ‘Invest in Pakistan, NOW!’ initiative.”
VEON’s own experience in Pakistan underscores the scale and pace of the country’s digital transformation. Through JazzWorld, its integrated digital services ecosystem encompassing Jazz, JazzCash, Tamasha and other platforms, VEON has built Pakistan’s leading digital services company, serving 100 million customers. JazzWorld delivers market-leading connectivity, digital financial services and digital entertainment, while expanding into enterprise solutions, insurance, digital healthcare, online marketplaces and adjacent digital services. The platform is also developing an Urdu large language model (LLM), supporting Pakistan’s ambitions in artificial intelligence and local-language innovation.
The “Invest in Pakistan, NOW!” initiative builds on VEON’s broader commitment to emerging markets and to Pakistan. JazzWorld has invested more than USD 11 billion in Pakistan since its founding in 1994.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity customers and 140 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.
About JazzWorld
JazzWorld is Pakistan’s leading integrated digital ServiceCo, serving over 100 million users through a portfolio spanning connectivity (Jazz), fintech (JazzCash), entertainment (Tamasha), ultra-app (SIMOSA), insurtech (FikrFree), enterprise cloud solutions (Garaj), gaming (GameNow), health-tech (Apna Clinic), fashion marketplace (Zarr), and more. This evolution reflects Jazz’s strategic shift from connectivity to capability, enabling platforms that ensure a better life for all through the power of technology. For more information, visit: www.jazz.com.pk
Forward-Looking Statements Disclaimer
This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to VEON’s and its subsidiaries’ strategic ambitions and partnerships. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON’s and its subsidiaries’ strategic ambitions and partnerships, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.
Contact Information
VEON
Hande Asik
Chief Communications and Strategy Officer
pr@veon.com
FAQ**
How does VEON Ltd. intend to align its "Invest in Pakistan, NOW!" initiative with the economic growth and digital transformation goals outlined by the government of Pakistan, especially in comparison to initiatives in cities like Dubai and New York?
What specific technological advancements and infrastructure improvements are expected from VEON Ltd. VEON’s partnership with JazzWorld that will enhance Pakistan’s investment appeal relative to established markets like Dubai and New York?
Given VEON Ltd. VEON's significant investments in Pakistan, what key performance indicators will be used to measure the success of the "Invest in Pakistan, NOW!" initiative, particularly in contrast to similar investment efforts in Dubai and New York?
In what ways will VEON Ltd. VEON’s digital services ecosystem, including partnerships facilitated by the “Invest in Pakistan, NOW!” initiative, differ from existing digital platforms in Dubai and New York, and how will this impact foreign investor interest?
**MWN-AI FAQ is based on asking OpenAI questions about VEON Ltd. (NASDAQ: VEON).
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