Saudi-Pakistan council launches private equity fund with three-fourths for Pakistan

A joint council of Saudi and Pakistani investors has launched a private equity fund sized at a "multi-hundred million" figure, with three-fourths of the money earmarked for Pakistan and the remainder for Saudi projects.

The Saudi-Pakistan Joint Business Council, formed by the two governments, announced the fund on Monday, saying its size is expected to grow as opportunities emerge across sectors. It did not disclose the exact amount, the fund's legal structure or a list of target industries.

The vehicle is the council's most concrete step yet in a wider push to deepen two-way private sector trade and investment between Islamabad and Riyadh. The launch lands as the two governments are strengthening longstanding ties, including in defence, according to Token Times.

For Pakistani readers, the fund's three-fourths Pakistan allocation is the detail that matters: it points to Gulf capital being channelled into domestic projects through a private structure rather than government-to-government lending. Which sectors stand to benefit, and on what terms, has not been made public.

The council gave no timeline for a first close or initial investments. Token Times reported the launch and the fund's stated allocation; the size remains described only as "multi-hundred million".