Shehbaz Sharif meets global digital operators, vows support for IT investment

Prime Minister Shehbaz Sharif met a delegation led by the CEO of VEON Group to discuss digital sector investment and cooperation.

He stated that the government will provide all possible facilitation to investors in the digital operators industry, adding that the successful auction of the 5G spectrum reflects innovation and a clear strategic direction.

The prime minister emphasised that Pakistan is pursuing a comprehensive strategy to promote innovation in IT and attract global investment. He added that the government is taking practical steps, with the support of all relevant institutions, to facilitate international investors.

He further noted that the use of information technology to achieve a cashless economy remains a key priority.

The VEON Group CEO, Kaan Terzioğlu, appreciated the government’s efforts to ensure transparency and promote investment, stating that Pakistan’s rapid progress in the digital economy and 5G spectrum auction is commendable.

The meeting was also attended by Federal Ministers Muhammad Aurangzeb, Shaza Fatima, Ahsan Iqbal and other officials.

Business News- Lates Updates

During the first quarter of fiscal year 2025–26, IT exports reached a record $1.057 billion, reflecting a 20 percent increase compared to the same period last year. From July to September, exports rose from $877 million to $1.057 billion, showing strong growth momentum in the sector.

Officials attributed the impressive performance to the expansion of Pakistani IT companies into Gulf and European markets, along with favorable government policies and initiatives under the Special Investment Facilitation Council (SIFC).

In September 2025 alone, monthly IT exports hit a record $366 million, the SBP reported.