Pakistan, Saudi Arabia investors launch fund to boost trade, investment
- A new Pakistan-Saudi private equity fund aims to significantly boost bilateral trade and investment, with 75% allocated to Pakistani projects
A Saudi-Pakistan joint private equity fund, initially "multi-hundred million," has launched to boost two-way trade and investment, with 75% allocated to Pakistan.
- The fund's initial size and investment distribution.
- Deepening ties between Islamabad and Riyadh.
- The strategic context of the fund's launch.
ISLAMABAD: A joint council of Saudi Arabian and Pakistani investors launched a private equity fund on Monday as part of the countries’ wider push to deepen two-way private sector trade and investment.
The Saudi-Pakistan Joint Business Council, formed by the governments of both countries, said the fund’s initial size is “multi-hundred million”, which is expected to expand based on opportunities across sectors.
Three-fourths of the fund will be invested in Pakistan, while the rest will be invested in Saudi Arabian projects, the council said in a statement.
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The launch of the fund comes at a time when Islamabad and Riyadh are deepening longstanding ties, especially in defence, amid few signs of a breakthrough in the months-long US-Iran conflict.
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