The incident occurred when three daughters of cleric Allah Ditta were returning home late on Wednesday after shopping.
Two of them were scheduled to be married on Thursday, The Express Tribune reported.
The three girls were attacked by five youths in Nawan Lahore area of Faisalabad district. Two of the girls escaped and hid in nearby houses while their sister, Rahila, was caught by the assailants.
The young men tore off her clothes and attempted to sexually assault her. They then allegedly paraded her before the village and announced that anyone who opposed them would face similar consequences.
"They attempted to kidnap and rape her but she offered resistance," said Allah Ditta.
One of the five men had recently accused the cleric's son of teasing his sister. Elders of the village then asked the cleric's son to leave the village for two years.
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Later, the elders decided the accusation against the cleric's son was baseless and asked him not to leave. This infuriated the five young men.
Acting on orders from Punjab Police chief Habib-ur-Rehman, other police officers visited the village and conducted investigations.
On Thursday, police arrested all the five young men involved in the incident on charges of kidnapping and attempted rape.
Allah Ditta appealed to Punjab Chief Minister Shahbaz Sharif and police chief to provide him justice.