VEON launched the "Invest in Pakistan, NOW!" initiative to attract international investment, partnering with JazzWorld and Nutshell Group.
Quiver AI Summary
VEON Ltd. announced the launch of its "Invest in Pakistan, NOW!" initiative in partnership with JazzWorld during the World Governments Summit in Dubai. This initiative aims to attract international investors to Pakistan by highlighting the country's improving economic fundamentals and long-term growth opportunities. As part of this effort, JazzWorld and Nutshell Group signed a Memorandum of Understanding to foster discussions on digitalization and cross-border investment. Key figures, including Pakistani officials and VEON executives, emphasized the importance of this initiative in demonstrating Pakistan's potential for investors, with a focus on the country’s digital transformation and resilient economic fundamentals. VEON has invested over $11 billion in Pakistan since 1994 and continues to expand its digital services through JazzWorld.
Potential Positives
- VEON launched the "Invest in Pakistan, NOW!" initiative, which aims to attract international investors by promoting Pakistan's strengthening economic fundamentals and growth opportunities.
- The initiative includes a partnership with JazzWorld and Nutshell Group, reflecting a commitment to enhance digitalization and facilitate cross-border investments in Pakistan.
- High-level attendance at the signing ceremony, including government officials and diplomats, indicates strong support for VEON's efforts and underscores the initiative's potential to influence investment decisions.
- VEON has invested over USD 11 billion in Pakistan since 1994, demonstrating a long-term commitment to the region and highlighting its position as a leader in Pakistan's digital transformation.
Potential Negatives
- The press release heavily relies on the potential of foreign investment in Pakistan, which may be perceived as a sign that the company's operations require external validation rather than being self-sustaining.
- The mention of "risks" and "uncertainties" associated with forward-looking statements could raise concerns among investors regarding the company's future performance and stability.
- The need for a major initiative to attract investments might indicate previous challenges in achieving growth or investor confidence in Pakistan's market, which could reflect negatively on VEON's strategy in the region.
FAQ
What is the 'Invest in Pakistan, NOW!' initiative?
The initiative invites international investors to explore growth opportunities in Pakistan's improving economic landscape.
Who are the partners in this initiative?
VEON and JazzWorld have partnered with Nutshell Group of Pakistan to promote digitalization and cross-border investment.
Where was the initiative launched?
The initiative was launched during the World Governments Summit held in Dubai, UAE.
What has JazzWorld invested in Pakistan?
JazzWorld has invested over USD 11 billion in Pakistan since its inception in 1994.
What is VEON's role in Pakistan's digital transformation?
VEON, through JazzWorld, offers integrated digital services, enhancing connectivity and fostering economic growth in Pakistan.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 64 institutional investors add shares of $VEON stock to their portfolio, and 34 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PANVIEW CAPITAL LTD added 413,021 shares (+inf%) to their portfolio in Q3 2025, for an estimated $22,480,733
- MACKENZIE FINANCIAL CORP added 275,677 shares (+inf%) to their portfolio in Q3 2025, for an estimated $15,005,099
- HELIKON INVESTMENTS LTD removed 168,416 shares (-32.8%) from their portfolio in Q4 2025, for an estimated $8,853,629
- PICTET ASSET MANAGEMENT HOLDING SA added 98,618 shares (+77.6%) to their portfolio in Q4 2025, for an estimated $5,184,348
- MILLENNIUM MANAGEMENT LLC added 97,913 shares (+275.3%) to their portfolio in Q3 2025, for an estimated $5,329,404
- LINGOTTO INVESTMENT MANAGEMENT LLP added 86,428 shares (+1.5%) to their portfolio in Q3 2025, for an estimated $4,704,276
- SHAH CAPITAL MANAGEMENT added 70,831 shares (+1.5%) to their portfolio in Q4 2025, for an estimated $3,723,585
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Dubai, New York and Islamabad, 8 February 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announced the launching of its “Invest in Pakistan, NOW!” initiative in partnership with JazzWorld, VEON’s services company in Pakistan, during World Governments Summit in Dubai, UAE . “Invest in Pakistan, NOW!” invites international investors to take a fresh look at Pakistan as the country’s economic fundamentals strengthen, and long-term growth opportunities become more visible.
As a part of the initiative, JazzWorld and Nutshell Group of Pakistan, signed a Memorandum of Understanding (MoU) to advance dialogue and partnerships around digitalization, inclusive growth, and cross-border investment in Pakistan.
The signing ceremony was attended by Bilal Azhar Kiyani, Minister of State for Finance and Railways of Pakistan, and His Excellency Shafqat Ali Khan, Ambassador of Pakistan to the UAE, as well as senior diplomats, business leaders, VEON Founder and Chairman Augie Fabela, VEON Group CEO Kaan Terzioglu, and JazzWorld CEO and VEON Group Executive Committee member Aamir Ibrahim, among others.
Zaheer Mehdi, JazzWorld’s Chief Corporate and Regulatory Affairs Officer, and Muhammad Azfar Ahsan, Founder and Chairman of Nutshell Group, have signed the MoU in a ceremony attended by Minister Bilal Azhar Kiyani, H.E. Ambassador Shafqat Ali Khan, VEON Founder and Chairman Augie Fabela, VEON Group CEO Kaan Terzioglu, JazzWorld CEO and VEON GEC member Aamir Ibrahim.
Mr. Bilal Azhar Kayani, Minister of State for Finance and Railways highlighted that Pakistan has achieved macroeconomic stability backed by the government’s initiatives to improve confidence and the business ecosystem for attracting foreign investment in the country. The Minister of State appreciated the initiatives of VEON, JazzWorld and Nutshell Group of Pakistan, expressing that such partnerships around digitalization and cross-border investment would set an example for other foreign investors to invest in Pakistan.
Kaan Terzioglu, VEON Group CEO , noted that the region is at the cusp of a historical paradigm shift. “We are at a point in history: Powered by AI, which we call augmented intelligence, human-centered innovation can fundamentally change the way we achieve growth and improve lives with services. “With the ‘Invest in Pakistan, NOW!’ initiative, we want to spark international investor interest and a new wave of public-private partnerships that will help Pakistan seize this moment. The World Governments Summit held here in Dubai, where VEON’s headquarters is located, is the perfect venue to start this journey.”
Aamir Ibrahim, Executive Committee Member of VEON Group and CEO of JazzWorld , underscored the transformation in Pakistan’s macro-level fundamentals: “Pakistan today is best understood through the scale and resilience of its long-term fundamentals. Investors who focus on these fundamentals will recognize the progress already taking place on the ground. With national-scale digital platforms already in place, Pakistan is well positioned for its next phase of growth and it is a powerful opportunity for regional and global investors. We look forward to making this potential more visible to the investor community with our ‘Invest in Pakistan, NOW!’ initiative.”
VEON’s own experience in Pakistan underscores the scale and pace of the country’s digital transformation. Through JazzWorld, its integrated digital services ecosystem encompassing Jazz, JazzCash, Tamasha and other platforms, VEON has built Pakistan’s leading digital services company, serving 100 million customers. JazzWorld delivers market-leading connectivity, digital financial services and digital entertainment, while expanding into enterprise solutions, insurance, digital healthcare, online marketplaces and adjacent digital services. The platform is also developing an Urdu large language model (LLM), supporting Pakistan’s ambitions in artificial intelligence and local-language innovation.
The “Invest in Pakistan, NOW!” initiative builds on VEON’s broader commitment to emerging markets and to Pakistan. JazzWorld has invested more than USD 11 billion in Pakistan since its founding in 1994.
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity customers and 140 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com .
About JazzWorld
JazzWorld is Pakistan’s leading integrated digital ServiceCo, serving over 100 million users through a portfolio spanning connectivity (Jazz), fintech (JazzCash), entertainment (Tamasha), ultra-app (SIMOSA), insurtech (FikrFree), enterprise cloud solutions (Garaj), gaming (GameNow), health-tech (Apna Clinic), fashion marketplace (Zarr), and more. This evolution reflects Jazz’s strategic shift from connectivity to capability, enabling platforms that ensure a better life for all through the power of technology. For more information, visit:
www.jazz.com.pk
Forward-Looking Statements Disclaimer
This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to VEON’s and its subsidiaries’ strategic ambitions and partnerships. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON’s and its subsidiaries’ strategic ambitions and partnerships, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.
Contact Information
VEON
Hande Asik
Chief Communications and Strategy Officer
[email protected]
