VEON .(US:VEON) Globenewswire·2026-02-08 10:00Core Viewpoint - VEON Ltd. has launched the "Invest in Pakistan, NOW!" initiative in partnership with JazzWorld to attract international investors to Pakistan as the country's economic fundamentals improve and growth opportunities become more apparent [1][5][6] Group 1: Initiative Details - The initiative aims to encourage international investors to reconsider Pakistan, highlighting the strengthening economic fundamentals and long-term growth prospects [1][5] - JazzWorld and Nutshell Group of Pakistan signed a Memorandum of Understanding (MoU) to foster dialogue and partnerships focused on digitalization and cross-border investment [2][5] - The signing ceremony was attended by key figures including the Minister of State for Finance and Railways of Pakistan and senior executives from VEON and JazzWorld [3][5] Group 2: Economic Context - The Minister of State for Finance emphasized that Pakistan has achieved macroeconomic stability, supported by government initiatives to enhance investor confidence and the business environment [5] - VEON Group CEO noted that the region is on the verge of a significant transformation, driven by AI and human-centered innovation, which can enhance growth and improve lives [6] Group 3: VEON's Commitment - VEON has invested over USD 11 billion in Pakistan since its establishment in 1994, demonstrating its long-term commitment to the market [8] - The company operates JazzWorld, which serves 100 million customers and offers a wide range of digital services, including connectivity, fintech, and entertainment [7][10] Group 4: Future Outlook - Aamir Ibrahim, CEO of JazzWorld, highlighted that Pakistan's long-term fundamentals are strong, and the country is well-positioned for growth, making it an attractive opportunity for regional and global investors [6][7]