Written by 7:00 pm Happenings, News Views: 25

Jazz Invests PKR 53.9 Billion in 2024 to Power Pakistan’s Digital Future 🚀

Jazz invests PKR 53.9B in 2024, driving Pakistan’s digital & fintech future with AI-powered solutions, 4G expansion & financial inclusion.

Pakistan’s digital revolution is in full swing, and Jazz is leading the charge! With a record-breaking PKR 53.9 billion investment in 2024—a 46.2% year-on-year (YoY) increase—Jazz is accelerating its transformation into a digital-first ServiceCo, driving financial inclusion, digital adoption, and AI-powered innovation at scale. 💡


Fueling Pakistan’s Digital Economy 📈

In Q4 2024, Jazz achieved 16.6% YoY revenue growth, fueled by an impressive 53.1% surge in digital revenues. This growth is driven by Jazz’s fintech, entertainment, and enterprise solutions.

🚀 Key Highlights:4G users up 15.3% YoY to 50.6 million
4G penetration reached 70.7%
Multiplay customers grew 24.6% YoY, expanding Jazz’s digital ecosystem


Building a Cashless, Digital-First Economy 💳

JazzCash continues to be Pakistan’s leading fintech platform, making digital transactions seamless and accessible. In 2024, JazzCash enabled:

💰 19.7 million active users
💳 143,000+ digital loans issued daily
📈 PKR 2.8 trillion in transactions (+63.3% YoY)
🏪 350,000+ merchant partners & 122,000 agents

“Jazz is shaping Pakistan’s digital future, moving beyond connectivity to drive financial inclusion, cloud solutions, and AI-powered services,” said Aamir Ibrahim, CEO, Jazz. “With JazzCash, Tamasha, Garaj, SIMOSA, and FikrFree, we are creating a Connected, Cashless, and Customer-Centric ecosystem—empowering over 100 million people every month with seamless digital solutions.”


Beyond Telecom: The Jazz Digital Ecosystem 🌍

Jazz is more than just a telecom operator—it’s a tech-driven ServiceCo building a smarter, connected Pakistan.

🎬 Tamasha – Pakistan’s #1 streaming platform with 17.1M MAUs, broadcasting the ICC World Cup, PSL, EPL, and Paris Olympics.

🤖 SIMOSA – AI-powered lifestyle platform, now serving 19M users (+30% YoY).

🏥 FikrFreePakistan’s first AI-driven insurance & healthcare marketplace, with 1.4M users and 790K policies sold.

Garaj – Jazz’s cloud platform, powering 500+ businesses, with 74% business growth in 2024.


Investing in the Future of Digital Pakistan 🚀

Jazz’s PKR 53.9 billion investment is transforming Pakistan’s digital, fintech, and AI landscape. A strategic partnership with Engro Corporation is further strengthening Jazz’s asset-light, ServiceCo model, ensuring sustainable and scalable growth.

As Pakistan’s largest digital operator, Jazz remains committed to bridging the digital divide, advancing a cashless economy, and empowering businesses & individuals to thrive in a fully digital future. 🌍💡

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