Overview

• A high-level Saudi-Pak Joint Business Council team led by Prince Mansour bin Muhammad bin Saad Al Saud met in Lahore after being welcomed by Chief Minister Maryam Nawaz Sharif.
• Saudi representatives signaled intent to invest across agriculture, health, IT and other sectors, including an announced plan to build one million low-cost homes in Pakistan over four years.
• Punjab announced a proposed Special Saudi Industrial State offering a 10-year tax holiday, a 10-year income tax exemption and a one-time customs duty waiver for Saudi investors.
• Investor facilitation steps outlined by Punjab include a one-window system, a “Zero Time to Start” policy, a fast-track channel in the CM Office and joint working groups with 30-, 60- and 90-day action plans.
• Provincial plans also include a Business Central District in Lahore and potential Saudi roles with the Punjab Mass Transit Authority, with both sides noting ties reinforced by recent defense cooperation as they move toward formal MOUs.