Directed by Ramesh Sippy and produced by his father G P Sippy, the 1975 film starred Amitabh Bachchan and Dharmendra in lead roles.
Nadeem Mandviwalla, who is the owner of Mandviwalla Entertainment, said film has never been screened in Pakistani cinemas and people here watched only the pirated version of it.
"I think every second Pakistani has seen the movie or knows about it and I thought why not re-release it in Pakistan on the big screen because the magic of watching this movie in the theatre is awesome," Mandviwalla told PTI.
"I know it is 40 years since it was first released but it is a timeless classic and the presence of Amitabh Bachchan is by itself a big draw," he said.
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Mandviwalla is planning to release it on March 23, a public holiday in Pakistan.
"We feel the audience will want to come watch it, given the opportunity," he said.
The mega hit also starred Sanjeev Kumar, Hema Malini and Jaya Bachchan among others in key roles.
The movie was remastered 2014 and re-released in 3D for the new generation of moviebuffs. It will be releasing in 2D and 3D in Pakistan.