ISLAMABAD: Pakistan’s digital economy is set to receive a major boost as global companies continue to show growing interest in the country’s technology sector.
In a recent development, the leadership of Jazz and Wewon presented a $1 billion investment plan to Federal Finance Minister Muhammad Aurangzeb.
The proposed investment is aimed at enhancing connectivity, expanding digital infrastructure, and developing new platforms over the next three years.
Wewon Group, which has invested over $11 billion in Pakistan over the past three decades, has contributed more than PKR 500 billion to the national treasury. Additionally, the allocation of an extra 190 MHz spectrum, valued at $239 million, is expected to strengthen networks and pave the way for advanced digital services, including 5G.
Through Jazz’s integrated digital ecosystem, more than 100 million users are currently receiving services in connectivity, fintech, and other digital solutions.
Experts believe that this initiative will further drive financial inclusion, formalize the economy, and support investment-led economic growth.
