Successful 5G Spectrum Auction Highlights Rising Local and Foreign Investment in Pakistan

Skardu/Islamabad – The effective strategies of the Securities and Investment Facilitation Council (SIFC) are beginning to show results, with a noticeable increase in both local and international investor interest in Pakistan.

The **5G spectrum auction** in Pakistan was successfully completed with investments totaling approximately **$500 million**. Winning bidders included Zong (China Mobile), Ufone (Etisalat), and Jazz (VEON Group).

Advisor to the Finance Minister Khurram Shahzad said that the auction demonstrates a clear sign of foreign investment in Pakistan’s telecom and technology sectors. He emphasized that the new investments by existing foreign companies reflect growing confidence in the country’s economy and ongoing reform agenda.

Khurram Shahzad also highlighted the earlier **$645 million privatization of PIA**, calling it another important indicator of rising local investor confidence. He added that while PIA’s privatization will strengthen air connectivity, the 5G spectrum auction will boost the digital economy and expand high-speed internet access.

The advisor further stated that the successful bidder Jazz (VEON Group) has announced an additional **$1 billion investment** in Pakistan over the next three years.

Sustained local and foreign investment is seen as a guarantee of economic recovery and long-term stability. The positive developments in Pakistan’s economy are being attributed to the SIFC’s effective economic policies and reform-oriented vision.