In October, SPJBC Chairman Prince Mansour bin Mohammad Al Saud visited Pakistan, leading a high-level Saudi business delegation.

A joint council of Saudi and Pakistani investors on Monday launched a private equity fund to strengthen bilateral trade and expand private-sector investment between the two countries.

The Saudi-Pakistan Joint Business Council (SPJBC), established by the governments of both countries, announced that the fund would initially have a size of several hundred million dollars, with plans to expand it as investment opportunities emerge across different sectors.

According to the council, 75 per cent of the fund will be invested in Pakistan, while the remaining 25 per cent will be directed towards projects in Saudi Arabia.

The initiative is part of broader efforts by Islamabad and Riyadh to deepen economic cooperation and encourage greater participation by private businesses in bilateral investment.

Saudi-Pakistan Business Ties Gain Momentum

The fund’s launch comes as Pakistan and Saudi Arabia continue to strengthen their longstanding relationship, particularly in defence and economic cooperation.

In October, SPJBC Chairman Prince Mansour bin Mohammad Al Saud visited Pakistan, leading a high-level Saudi business delegation.

During the visit, Prince Mansour and his delegation held meetings with Pakistan’s political leadership, senior government officials, chambers of commerce and leading business groups to explore opportunities for expanding bilateral trade and investment, according to the Foreign Office.

Earlier, in August, another high-level Saudi business delegation led by the SPJBC chairman met Prime Minister Shehbaz Sharif at the Prime Minister’s House.

Speaking during the meeting, Shehbaz Sharif said Pakistan was keen to transform its economic relationship with Saudi Arabia into a mutually beneficial strategic partnership.

He said the initiative was aligned with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.

The launch of the private equity fund marks another step towards strengthening economic ties, promoting cross-border investment and expanding cooperation between businesses in Pakistan and Saudi Arabia.