Rana Jameel Hasan was on his way to Islamabad along with his family members when he was abducted near Pindi Bhattian area in central Punjab, Dawn reported.
Police have launched an investigation into the abduction of the ruling PML-N leader who was elected to the Punjab Assembly last year.
The kidnappers have demanded a ransom of Rs 5 crore for Hasan's recovery.
They have also threatened his family with serious consequences in case the payment is not made in two days' time.