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)
Short Url
Updated 10 November 2025
Follow

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.


Pakistan initiates olive research MoU with Italy to boost climate-resilient farming

Updated 5 sec ago
Follow

Pakistan initiates olive research MoU with Italy to boost climate-resilient farming

  • Planned MoU focuses on olive genomics, research cooperation and training
  • Pakistan prepares next phase of commercial olive expansion on marginal land

ISLAMABAD: Pakistan will initiate a memorandum of understanding with Italy to deepen scientific cooperation on olive research and cultivation as it seeks to expand climate-resilient agriculture, diversify rural livelihoods and reduce reliance on imported edible oil, state media reported on Thursday.

The decision was taken at a meeting of the Ministry of National Food Security and Research in Islamabad, chaired by Federal Minister Rana Tanveer Hussain, according to Radio Pakistan. The proposed MoU will be signed between Pakistan’s National Institute for Genomics and Advanced Biotechnology and Italy’s University of Bari Aldo Moro, one of Europe’s leading centers for olive research.

Pakistan has increasingly turned to olive cultivation in recent years as climate change, water stress and rising food import bills force a rethink of traditional cropping patterns. The country imports most of its edible oil requirements, while olives, a drought-resistant, long-term crop, are viewed by policymakers as suitable for arid and semi-arid regions where conventional agriculture is becoming less viable.

“The MoU is aimed at enabling access to internationally recognized olive varieties, joint research initiatives, and specialized training of Pakistani scientists and technicians,” Radio Pakistan reported.

The ministry said the planned MoU would support Pakistan’s broader efforts to modernize agriculture, strengthen climate adaptation and reduce pressure on foreign exchange reserves by cutting edible oil imports.

The ministry also announced that Phase III of the Promotion of Olive Cultivation on Commercial Scale in Pakistan will be formulated soon. Officials said Pakistan has made progress in converting marginal and previously uncultivated land into productive olive orchards, contributing to climate resilience, livelihood diversification and import substitution.

Radio Pakistan said the minister emphasized expanding olive plantations across suitable agro-climatic zones and strengthening the entire olive value chain to ensure long-term economic and environmental benefits.

Pakistan launched its olive promotion program several years ago, focusing on regions such as Balochistan, Khyber Pakhtunkhwa and parts of Punjab, where changing rainfall patterns and water scarcity have reduced the viability of water-intensive crops. Authorities say international research collaboration and improved plant varieties are critical to improving yields, quality and commercial sustainability.

Italy is among the world’s leading producers of olives and olive oil, with long-established expertise in olive genetics, cultivation techniques and value-chain development. Pakistani officials see cooperation with Italian institutions as a way to accelerate local capacity-building and align domestic production with international standards.