NA-121 Lahore-V () is a constituency for the National Assembly of Pakistan.
General elections were held on 10 October 2002. Aitzaz Ahsan of PPP won by 27,072 votes.
General elections were held on 18 February 2008. Shaikh Rohale Asghar prominent leader of PML-N won by 71,342 votes.
General elections were held on 11 May 2013. Shaikh Rohale Asghar senior politician of PML-N and strong political figure from the constituency won by 119,312 votes and became the member of National Assembly.
General elections were held on 25 July 2018.
General elections were held on 8 February 2024. Waseem Qadir won the election with 78,707 votes. Although he was elected as an independent with support of PTI, he joined PML(N) soon after his election.