Pakistan’s Punjab announces Saudi Industrial City, offers 10-year tax break to potential investors

Officials exchange agreements as Maryam Nawaz Sharif, Pakistan’s chief minister of Punjab province, hosts the Saudi-Pak Joint Business Council in Lahore on October 11, 2025. (Handout/Punjab government)
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Updated 12 October 2025
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Pakistan’s Punjab announces Saudi Industrial City, offers 10-year tax break to potential investors

  • Move unveiled during meeting between Punjab CM Maryam Nawaz Sharif and Saudi delegation in Lahore
  • The chief minister says one-time customs duty exemption will be offered to investors from the Kingdom

ISLAMABAD: The administration of Pakistan’s eastern province of Punjab on Saturday announced its decision to establish a Saudi Industrial Estate while offering a 10-year tax exemption to investors from the Kingdom, according to an official statement.

The plan was unveiled during a meeting between Punjab Chief Minister Maryam Nawaz Sharif and a delegation of the Saudi-Pak Joint Business Council in Lahore to discuss investment prospects in the province.

The delegation, led by Prince Mansour bin Mohammad Al Saud, arrived in Pakistan on Wednesday to hold talks with officials and business leaders to expand bilateral trade and investment ties.

The visit aimed to deepen strategic relations between the two nations following last month’s defense pact signed in Riyadh, under which aggression against either country would be treated as an attack on both.

According to a statement by the Punjab administration’s media wing, the chief minister highlighted business opportunities in the province during a detailed briefing for the delegation.

“She ... announced to establish a special Saudi Industrial Estate in Punjab, where a 10-year income tax exemption and a one-time customs duty exemption will be given to the potential Saudi investors,” the statement said. “A special fast track will also be established in the Chief Minister’s Office for the Saudi Industrial Estate.”

Sharif described the province as the backbone of Pakistan’s economy and said her government would welcome Saudi investments across key sectors, including energy, agriculture, mining, tourism and logistics.

During the meeting, the Saudi delegation expressed interest in projects in livestock, mining, infrastructure and IT, according to the statement.

It also said that Prince Mansour praised the Punjab government’s public welfare initiatives.

The chief minister called for the formation of joint working groups between Pakistan and Saudi Arabia in priority sectors to boost cooperation.

She said her administration’s policy for investors was one of “no delay and immediate delivery.”


Qatar, Pakistan resolve to boost strategic, economic cooperation at Doha talks

Updated 58 min 37 sec ago
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Qatar, Pakistan resolve to boost strategic, economic cooperation at Doha talks

  • Both countries urge dialogue on Afghanistan amid renewed border tensions between Islamabad and Kabul
  • Discussions focus on bilateral trade and investment, energy, defense, manpower and labor and culture

ISLAMABAD: Pakistan and Qatar on Tuesday agreed to deepen their strategic and economic cooperation during high-level talks between Prime Minister Shehbaz Sharif and his Qatari counterpart Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Sharif’s office said.

Sharif visited Qatar along with a high-level delegation on the invitation of Qatari emir Sheikh Tamim bin Hamad Al Thani. The Pakistani premier also held meetings with Qatar’s trade and defense ministers to discuss cooperation in various domains.

The visit came at a time when Pakistan is seeking closer economic engagement with Gulf partners amid its broader push to stabilize the economy and attract investment, while maintaining security and defense cooperation with key regional states.

During their meeting in Doha, PM Sharif and Qatar’s Sheikh Mohammed discussed bilateral relations and exchanged views on regional and international developments, according to the Pakistan prime minister’s office.

“They reaffirmed the strong brotherly relations between Pakistan and Qatar and expressed satisfaction at the growing momentum in political, economic and institutional ties,” Sharif’s office said.

“Discussions focused on enhancing cooperation in the fields of trade and investment, energy, defense, manpower and labor and culture, with both sides stressing the importance of their task force to accelerate cooperation in all these areas.”

Pakistan and Qatar maintain strong trade and investment ties. In 2022, the office of Qatar’s emir said the Qatar Investment Authority planned to invest $3 billion in Pakistan, targeting sectors including transport, aviation, education, health, media, technology and labor.

Nearly 300,000 Pakistanis live and work in Qatar, according to Pakistan’s foreign office, with many employed in health, education, engineering and public services, as well as construction and transport. The two countries engage through forums such as the Bilateral Political Consultations and the Joint Ministerial Commission.

Sharif said he had productive discussions with Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, on how the two sides could transform their brotherly ties into mutually beneficial economic relationships. 

“We also took stock of the regional situation,” he said on X. “Pakistan and Qatar will continue to work together for peace and stability in the region and beyond.”

Prime Minister Shehbaz Sharif (second right) meets the Qatari Emir Qatar’s emir Sheikh Tamim bin Hamad Al Thani (left) in Doha, Qatar, on February 24, 2026. (PID)

DIALOGUE WITH AFGHANISTAN

Earlier, Sharif and Qatar’s Deputy PM Sheikh Saoud Al-Thani discussed the situation in Afghanistan and called for dialogue to support regional stability.

The meeting took place amid renewed tensions after Islamabad carried out airstrikes last week on what it described as Tehreek-e-Taliban Pakistan (TTP) targets inside Afghanistan. Kabul said the strikes killed civilians and vowed to respond to what it called a violation of its sovereignty.

“Regional developments were also discussed, in particular the situation in Iran and Afghanistan,” Sharif’s office said in a statement. “Both sides emphasized the importance of dialogue, de-escalation and collective efforts to promote peace and stability in the region.”

This was the second time in less than six months that Pakistan conducted airstrikes in Afghanistan. The last strikes triggered heavy, weeklong clashes between the neighbors along their border before Qatar and Turkiye mediated a ceasefire between them in Oct. last year.

Separately, Sharif held meetings with Qatar’s State Minister for Trade Dr. Ahmed bin Mohammed Al-Sayed and a delegation of the Qatar Businessmen Association (QBA), highlighting Pakistan’s investment-friendly reforms.

He invited QBA members to explore opportunities in infrastructure, logistics, energy, agriculture, technology and export-oriented manufacturing, his office said.