Pakistan accelerates digital economy push after 5G auction

News Image

MG News | April 03, 2026 at 03:51 PM GMT+05:00

0:00

April 3, 2026 (MLN): Pakistan has reaffirmed its commitment to accelerating its digital economy, highlighted by the successful 5G spectrum auction which was a sign of progress and direction. 

The government says it is offering full support and facilities to investors in the digital and telecom sectors, aiming to boost innovation, increase foreign investment, and move toward a cashless economy, according to a press release by the Ministry of Information and Broadcasting.

Officials emphasized that expanding high-quality internet services and promoting digitalization will enhance transparency and improve overall economic performance, while the country’s youth are expected to play a central role in driving growth through active participation in IT and digital platforms.

The remarks were made by Shehbaz Sharif during a meeting with Kaan Terzioglu at the Prime Minister’s House, where a delegation from VEON Group called on him. 

The prime minister noted that all relevant institutions were working closely with telecom operators to ensure improved service delivery following the 5G auction. 

He also stressed that rising interest among young people in telecom and IT is helping attract international investors.

During the meeting, Kaan Terzioglu appreciated the government’s initiatives under the prime minister’s leadership to advance digitalization and promote a cashless economy, and expressed his company’s intention to expand investment in Pakistan. 

The meeting was also attended by Muhammad Aurangzeb, Shaza Fatima Khawaja, Ahad Khan Cheema, and Aamir Ibrahim, along with other senior government officials.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,823.88
448.99M
-1.54%
-2588.35
ALLSHR 99,160.90
1,085.27M
-1.67%
-1680.26
KSE30 50,101.96
142.26M
-1.74%
-888.53
KMI30 238,681.37
216.35M
-1.30%
-3152.79
KMIALLSHR 64,435.58
615.36M
-1.35%
-884.80
BKTi 46,165.92
56.22M
-2.48%
-1174.89
OGTi 34,125.34
9.28M
-2.33%
-814.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,650.00 76,715.00
75,910.00
875.00
1.15%
BRENT CRUDE 110.91 111.80
110.19
-0.35
-0.31%
RICHARDS BAY COAL MONTHLY 113.00 113.00
109.00
4.25
3.91%
ROTTERDAM COAL MONTHLY 110.50 110.50
105.00
5.85
5.59%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 107.46 109.64
106.45
0.58
0.54%
SUGAR #11 WORLD 14.75 14.80
14.25
0.52
3.65%

Chart of the Day


Latest News
April 29, 2026 at 06:32 PM GMT+05:00

SBP raises Rs1.37tr in MTBs, Floating Rate PIB


April 29, 2026 at 04:57 PM GMT+05:00

TREET profit drops 38% in 9MFY26


April 29, 2026 at 04:49 PM GMT+05:00

ILP 9MFY26 profit rockets 2.9x


April 29, 2026 at 04:43 PM GMT+05:00

SSGC reports steep 80% drop in 9MFY26 profit


April 29, 2026 at 04:37 PM GMT+05:00

AGHA 9MFY26 net loss narrows by 47%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg