Saudi and Pakistani investors have launched a private equity fund with an initial size of hundreds of millions of dollars through the Saudi-Pakistani Joint Business Council, according to the announcement.
The fund is designed to support trade and investment between the private sectors of both countries. About 75% of its investments will target projects in Pakistan, while the remaining 25% will be allocated to projects in Saudi Arabia.
The council said the fund could expand as new investment opportunities emerge across different sectors.
The launch comes as private-sector investors in Saudi Arabia and Pakistan seek to deepen economic and investment partnerships amid closer bilateral ties between Riyadh and Islamabad.
Source: Okaz
