Saudi-Pakistan Joint Business Council Launches Private Equity Fund

The Saudi-Pakistan Joint Business Council on Monday launched a private equity fund with an initial size of several hundred million to strengthen bilateral trade and investment. According to the council, 75% of the fund will be invested in Pakistan, while the remaining 25% will finance projects in Saudi Arabia. Its size is expected to grow as investment opportunities emerge across various sectors. The initiative comes as Pakistan seeks to attract Saudi investment and deepen economic ties with Riyadh. During an August meeting with a Saudi business delegation led by Prince Mansour bin Mohammad Al Saud, Prime Minister Shehbaz Sharif called for transforming bilateral economic relations into a mutually beneficial strategic partnership. The two sides discussed investment opportunities in agriculture, ports, highways, airports, real estate, energy, power distribution and information technology.