VEON Raises Pakistan Investment Plan to $1.5 Billion

Global digital operator VEON has rose its planned investment in Pakistan over the next three years to $1.5 billion from $1 billion, Finance Minister Muhammad Aurangzeb stated on Tuesday.

Key points

• Aurangzeb described the $500 million growth as a significant jump while speaking virtually at the SDGs Investment Fair 2026, organized by UNDP Pakistan in Karachi.
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• While five IPOs were completed in the last quarter, speaking regarding the Pakistan Stock Exchange, he stated 11 initial public offerings were completed in the previous fiscal year.
• Aurangzeb additionally stated three Turkish firms had expressed interest in the first distribution business being offered under Pakistan's privatization program.

VEON had confirmed a $1 billion investment plan earlier this year to expand connectivity, modernize infrastructure and accelerate digital innovation throughout Pakistan. Govt to Expand Karachi Industrial Park to Boost Investment and Exports.

Meanwhile, the finance minister remarked the higher investment commitment reflects continued interest from international investors as Pakistan seeks to attract foreign investment and expand private-sector activity.

He continued that Khaadi is preparing for an IPO and around 22 real estate investment trusts are anticipated to list over the next couple of years.

Aurangzeb remarked businesses raising equity through the stock market are generally looking to invest, expand their local operations or establish new units. Stay Connected with ProPakistani.

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Taken together, the developments around VEON Raises Pakistan Investment Plan to $1.5 Billion point to a situation that is still moving, and the coming days should bring more clarity.