Saudi Arabia and Pakistan Launch Joint Private Equity Fund

The Saudi-Pakistan Joint Business Council launched a private equity fund on November 9, 2026, to expand bilateral trade and investment. Formalized through a memorandum of understanding signed in Karachi, the fund will be financed by equal capital contributions from private investors in both nations. While the council's Pakistani side proposed an initial figure of $500 million, the total size is described as multi-hundred million dollars.

Under the agreement, 75% of the capital is earmarked for projects in Pakistan, focusing on agriculture, mining, industry, and construction. The fund specifically targets the monetization of Pakistani public assets, including airports, motorways, and seaports. The remaining 25% of the funds will be allocated to projects in Saudi Arabia, with a focus on commercial opportunities in Makkah and Madina.

This initiative follows high-level meetings between Prime Minister Shehbaz Sharif and a Saudi delegation led by Prince Mansour bin Mohammad Al Saud. The leaders aim to transform economic ties into a strategic partnership and increase Pakistani agricultural and food exports to Saudi Arabia to $3 billion. The final fund structure and initial investments remain subject to approval from regulatory authorities in both countries.