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Despite these challenges, Jazz invested PKR 3.7 billion in Q1 2023 as part of its “4G for all” initiative, bringing its total investment in Pakistan to USD 10.4 billion. The company expanded its 4G network by adding over 1,000 new sites, leading to a 17.4% YoY growth in its 4G customer base, which reached 43.1 million. Meanwhile, the overall subscriber base grew to 73.7 million.
CEO Aamir Ibrahim voiced concerns about the financial strain on the telecom industry due to rising costs such as fuel, electricity, interest rates, and exchange rates. However, Jazz remains committed to promoting digital inclusion by continuing to expand its 4G network and invest in the sector. The company has called for policy interventions, including unlinking spectrum prices from the US dollar, extending license payments to ten annual installments instead of five, and supporting inflation-adjusted pricing.
