Veon lifts 2025 outlook as digital services expand in Pakistan, other key markets

Veon's logo is displayed on a cell phone screen in this undated file photo. (Photo courtesy: ALAMY STOCK)
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Updated 10 November 2025
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Veon lifts 2025 outlook as digital services expand in Pakistan, other key markets

  • Veon expects adjusted earnings before interest, taxes, depreciation and amortization to grow by 16% to 18%, up from previous forecast of 14% to 16%
  • It taps into its mobile subscriber base in Pakistan, Bangladesh, other markets by bundling connectivity with mobile payments, delivery solutions services 

Telecoms group Veon on Monday raised its full-year profit outlook for 2025, citing growing demand for its digital services.

The company now expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to grow by 16 percent to 18 percent, up from its previous forecast of 14 percent to 16 percent, which was revised during the second quarter.

Veon posted third-quarter adjusted EBITDA of $524 million, up 20 percent year-on-year, as revenue grew 7.5 percent to $1.12 billion.

Revenue from direct digital services rose 63 percent year-on-year to $198 million, accounting for about 18 percent of Veon’s total revenue, up from 12 percent in the same period last year.

Veon taps into its mobile subscriber base in markets including Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan by bundling connectivity with services such as mobile payments, ride-hailing, entertainment platforms, and delivery solutions, aiming to enhance profit margins.


Sindh chief minister pledges compensation within two months after Karachi plaza fire

Updated 06 February 2026
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Sindh chief minister pledges compensation within two months after Karachi plaza fire

  • Murad Ali Shah says government is working with Karachi chamber to help shopkeepers restart businesses
  • January fire that killed at least 67 brought safety of Karachi’s commercial buildings under sharp focus

KARACHI: Sindh Chief Minister Murad Ali Shah said on Friday compensation for shopkeepers affected by last month’s deadly Gul Plaza shopping mall blaze would be released within two months amid calls for improved fire safety regulations to protect commercial buildings in Karachi.

The fire at Gul Plaza in January killed at least 67 people and left more than 15 missing, triggering renewed criticism of lax enforcement of building codes and emergency preparedness in Pakistan’s largest city.

Authorities said the blaze spread rapidly through the multi-story commercial complex, complicating rescue efforts and raising questions about wiring, access routes and fire safety systems in older markets.

“The government in collaboration with the Karachi Chamber is actively working to help shopkeepers restart their businesses and aims to ensure that compensation is provided within two months so that the shopkeepers can buy inventories to restart their businesses,” the chief minister said while addressing the inauguration of the My Karachi Exhibition, an annual trade and consumer exhibition, according to an official statement.

He said temporary locations had been identified where shopkeepers could operate rent-free until reconstruction is completed, paying only basic maintenance costs.

Shah reiterated the Sindh administration’s commitment to provide Rs 10 million ($36,000) to the families of those who died in the fire, along with immediate relief of Rs 500,000 ($1,785) for affected shopkeepers.

He said Gul Plaza would be rebuilt within two years “in the same manner and with the same number of shops,” adding that the new structure would be safer and constructed “without a single square inch extra.”

Business leaders at the event called for stricter enforcement of fire safety standards across Karachi’s commercial districts, citing unregulated electrical wiring and poor compliance as recurring causes of deadly market fires.