ISLAMABAD: Pakistan and Tajikistan on Friday agreed to enhance cooperation in land-based connectivity, Pakistani state media reported, amid Pakistan’s efforts to consolidate its role as a pivotal trade and transit hub connecting the landlocked Central Asian states with the rest of the world.
The understanding was reached at a meeting between Tajikistan Energy Minister Juma Daler Shofaqir and Pakistan Prime Minister Shehbaz Sharif in Islamabad, according to Pakistan’s APP news agency.
Shofaqir is visiting Pakistan to participate in the Pakistan-Tajikistan Joint Commission. The prime minister welcomed him and expressed satisfaction with the progress made in bilateral cooperation between the two countries in various sectors.
“Both sides agreed to further promote cooperation in sectors such as communications, particularly land-based connectivity, energy, education, and agriculture,” the APP reported.
The development came a day after Pakistan and Tajikistan signed two memorandums of understanding (MoUs) at the seventh session of the Pakistan-Tajikistan Joint Commission held in Islamabad this week, according to Pakistani state media.
The first MoU forges a “historic partnership” between Pakistan’s northwestern province of Khyber-Pakhtunkhwa (KP) and Tajikistan’s Khatlon province, paving the way for enhanced cooperation and mutual development. A second MoU has been signed between the Pakistani and Tajik football federations.
PM Sharif expressed satisfaction over the MoUs reached during the Tajik energy minister’s visit to Pakistan and emphasized that timely implementation of these agreements would further strengthen bilateral relations.
“The Tajik minister thanked the prime minister for the warm welcome and hospitality and emphasized the importance of enhancing relations and cooperation between the two countries,” the APP report read.
There has been a flurry of visits, investment talks and economic activity between officials from Pakistan and the Central Asian nations in recent weeks. Tajikistan is Pakistan’s closest neighbor in Central Asia with a narrow strip of 14km through the Wakhan corridor separating the two countries.
On Wednesday, speaking at the Joint Commission in Islamabad along with Shofaqir, Pakistan’s Power Minister Sardar Awais Leghari said both nations needed to explore “new avenues of cooperation” in commercial and economic fields.
“I’m pleased to note that both sides have agreed to create a joint coordination committee on transit trade under the Tajikistan-Pakistan trade transit agreement, which will play a pivotal role in addressing operational challenges and ensuring the smooth implementation of transit trade provisions,” Leghari said.
He hoped deliberations of the joint commission would aid in preparing “concrete” recommendations to advance further growth in the fields of trade, energy, agriculture and education as well as the industrial sector.
Pakistan, Tajikistan agree to promote land-based connectivity at Islamabad meeting
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Pakistan, Tajikistan agree to promote land-based connectivity at Islamabad meeting
- The development comes amid Pakistan’s efforts to consolidate its role as a trade and transit hub for landlocked Central Asian republics
- On Wednesday, Pakistan’s power minister said both nations needed to explore ‘new avenues of cooperation’ in commercial and economic fields
Veon Group invests $20 million in Pakistan’s Mobilink Bank to accelerate digital Islamic banking
- The investment builds on $15 million capital deployed by Veon in January 2025
- The capital will be used to scale the bank’s micro, small and medium enterprises
KARACHI: Global digital operator Veon Group has announced an investment of $20 million in Pakistan’s Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan, it said on Friday.
Mobilink Bank is a part of Veon Group, a global digital operator that provides services to over 150 million connectivity customers and over 140 million monthly active digital users. The Nasdaq-listed company operates across five countries that are home to more than 6 percent of the world’s population.
The investment builds on $15 million capital deployed by Veon in January 2025 and underscores its confidence in Mobilink Bank’s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan’s digital banking and microfinance sector, according to Veon Group.
The capital will be used to scale Mobilink Bank’s micro, small and medium enterprises (MSME) financing portfolio, advance its Islamic banking offerings, and strengthen its evolution into a technology-driven, digitally native bank, with a continued focus on expanding regulated financial access for underserved communities.
“This investment will accelerate the expansion of our shariah-compliant Islamic banking offerings, helping small businesses formalize cash flows, access regulated credit, and build long-term financial resilience,” said Haaris Mahmood Chaudhary, president and chief executive officer of Mobilink Bank.
“As a future-ready digital bank, our focus remains on delivering practical, technology-enabled financial solutions that empower entrepreneurs — particularly women and underserved communities — across Pakistan.”
Mobilink Bank’s expanding deposit base and MSME-oriented lending portfolio are enabling small businesses to transition from informal cash usage to regulated banking, while targeted women-centric financial products and green financing initiatives support inclusive growth and resilience in the face of Pakistan’s climate and economic challenges, according to a statement issued by Veon Group.
Mobilink Bank, together with JazzCash, which serves over 57 million customers and is supported by a nationwide network of more than one million merchants and agents, anchors one of Pakistan’s largest digital financial ecosystems. During the year, JazzCash processed gross transaction value exceeding Rs15 trillion ($53 billion), underscoring the scale, resilience, and impact of fintech in advancing financial inclusion, social mobility, and responsible digital innovation across Pakistan.
The investment reflects Veon Group’s broader digital strategy of strengthening high-impact financial ecosystems through technology-led solutions and disciplined capital deployment, positioning Mobilink Bank as a key contributor to Pakistan’s evolving financial sector, according to the global digital operator.
“This continued stream of investment from VEON underscores our long-term commitment to Pakistan and confidence in the structural shift underway in the country’s digital financial services ecosystem,” Veon Group Executive Committee Member and Chairman Mobilink Bank, Aamir Ibrahim, was quoted as saying.
“It strengthens Mobilink Bank and JazzCash’s ability to execute on our strategic priorities, invest in resilient technology infrastructure, and contribute to the development of inclusive and sustainable digital banking.”
