Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting today at the Finance Division with a high-level delegation from VEON led by Mr. Kaan Terzio?lu, Group CEO of VEON. The delegation also included Mr. Aamir Ibrahim, CEO of Jazz, and Mr. Syed Zaheer Mehdi, Chief Corporate & Regulatory Officer, Jazz. At the outset, the Finance Minister warmly welcomed Mr. Terzio?lu and appreciated his visit to Pakistan. Mr. Terzio?lu congratulated the Finance Minister and the Government of Pakistan on the successful completion of the recent multiband spectrum auction and acknowledged the country’s improving macroeconomic stability. During the meeting, the Finance Minister highlighted that the spectrum auction was conducted through a transparent and consultative process, balancing pricing considerations with the need to foster a sustainable telecom ecosystem. He emphasized that the outcome represents a “win-win-win” for all stakeholders, particularly benefiting the citizens of Pakistan through improved connectivity and digital services. The Minister noted that the successful auction has drawn international recognition, with Pakistan gaining prominence in global telecom discussions. He reiterated the government’s commitment to transparency, policy consistency, and investor facilitation, under the leadership of the Prime Minister. Discussions also covered Pakistan’s broader economic outlook, ongoing reforms, and efforts to enhance international partnerships. The Finance Minister apprised the delegation of ongoing initiatives aimed at strengthening macroeconomic stability, attracting foreign investment, and leveraging emerging technologies such as artificial intelligence and digital finance. Mr. Terzio?lu appreciated the government’s efforts to create a conducive investment environment and reaffirmed VEON’s commitment to expanding its footprint in Pakistan. He highlighted VEON’s ambition to move beyond traditional telecom services and contribute to Pakistan’s digital transformation. Mr. Aamir Ibrahim, CEO Jazz, underscored the company’s role in supporting the government’s digitization agenda, particularly in the areas of digital payments and financial inclusion. He highlighted JazzCash’s contributions to enabling targeted subsidy delivery and QR code-based payment solutions, developed in collaboration with government institutions. The Finance Minister acknowledged Jazz and VEON’s contributions to Pakistan’s digital ecosystem, especially in advancing the government’s vision of a cashless economy. He appreciated their continued support in promoting innovation, financial inclusion, and technology-driven growth. Both sides expressed their commitment to strengthening collaboration in the telecom and digital sectors to support Pakistan’s economic development and digital transformation goals.
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