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 (SPJBC), formed by ​the governments of both countries, said ​the fund's initial size was "multi-hundred million", which was expected to expand based ​on opportunities across sectors. Saudi and Pakistani investors have launched a private equity fund with an initial size of several hundred million dollars to boost bilateral trade and investment. The Saudi-Pakistan Joint Business Council said the fund could expand further based on investment opportunities across… pic.twitter.com/HUGsdtazSm — Pakistan TV (@PakTVGlobal) November 9, 2026 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. 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. Earlier in October, SPJBC Chairman Prince Mansour bin Mohammad Al Saud visited Pakistan, leading a high-level Saudi business delegation. During the stay, Prince Mansour and his delegation met Pakistan's political leadership and engaged with senior officials, chambers of commerce, and leading business groups to explore ways to enhance bilateral trade and investment, the Foreign Office confirmed. Read: Pakistan eyes strategic economic ties with KSA: PM Before that, in August, a high-level Saudi business delegation, led by the SPJBC chairman, called on Prime Minister Shehbaz Sharif at the PM House, according to a statement issued by the government. Speaking on the occasion, PM Shehbaz said Pakistan was keen to elevate its economic relationship with the Kingdom of Saudi Arabia into a mutually beneficial strategic economic partnership in line with the vision of Crown Prince and Prime Minister Mohammed bin Salman.