diff --git a/flang/lib/Semantics/resolve-names.cpp b/flang/lib/Semantics/resolve-names.cpp
--- a/flang/lib/Semantics/resolve-names.cpp
+++ b/flang/lib/Semantics/resolve-names.cpp
@@ -3885,9 +3885,8 @@
   Symbol &symbol{DeclareUnknownEntity(name, attrs)};
   symbol.ReplaceName(name.source);
   if (const auto &init{std::get<std::optional<parser::Initialization>>(x.t)}) {
-    if (ConvertToObjectEntity(symbol)) {
-      Initialization(name, *init, false);
-    }
+    ConvertToObjectEntity(symbol) || ConvertToProcEntity(symbol);
+    Initialization(name, *init, false);
   } else if (attrs.test(Attr::PARAMETER)) { // C882, C883
     Say(name, "Missing initialization for parameter '%s'"_err_en_US);
   }
@@ -6684,42 +6683,45 @@
     Say(name, "Allocatable object '%s' cannot be initialized"_err_en_US);
     return;
   }
-  if (auto *object{ultimate.detailsIf<ObjectEntityDetails>()}) {
-    // TODO: check C762 - all bounds and type parameters of component
-    // are colons or constant expressions if component is initialized
-    common::visit(
-        common::visitors{
-            [&](const parser::ConstantExpr &expr) {
-              NonPointerInitialization(name, expr);
-            },
-            [&](const parser::NullInit &null) {
-              Walk(null);
-              if (auto nullInit{EvaluateExpr(null)}) {
-                if (!evaluate::IsNullPointer(*nullInit)) {
-                  Say(name,
-                      "Pointer initializer must be intrinsic NULL()"_err_en_US); // C813
-                } else if (IsPointer(ultimate)) {
+  // TODO: check C762 - all bounds and type parameters of component
+  // are colons or constant expressions if component is initialized
+  common::visit(
+      common::visitors{
+          [&](const parser::ConstantExpr &expr) {
+            NonPointerInitialization(name, expr);
+          },
+          [&](const parser::NullInit &null) { // => NULL()
+            Walk(null);
+            if (auto nullInit{EvaluateExpr(null)}) {
+              if (!evaluate::IsNullPointer(*nullInit)) {
+                Say(name,
+                    "Pointer initializer must be intrinsic NULL()"_err_en_US); // C813
+              } else if (IsPointer(ultimate)) {
+                if (auto *object{ultimate.detailsIf<ObjectEntityDetails>()}) {
                   object->set_init(std::move(*nullInit));
-                } else {
-                  Say(name,
-                      "Non-pointer component '%s' initialized with null pointer"_err_en_US);
+                } else if (auto *procPtr{
+                               ultimate.detailsIf<ProcEntityDetails>()}) {
+                  procPtr->set_init(nullptr);
                 }
+              } else {
+                Say(name,
+                    "Non-pointer component '%s' initialized with null pointer"_err_en_US);
               }
-            },
-            [&](const parser::InitialDataTarget &) {
-              // Defer analysis to the end of the specification part
-              // so that forward references and attribute checks like SAVE
-              // work better.
-              ultimate.set(Symbol::Flag::InDataStmt);
-            },
-            [&](const std::list<Indirection<parser::DataStmtValue>> &values) {
-              // Handled later in data-to-inits conversion
-              ultimate.set(Symbol::Flag::InDataStmt);
-              Walk(values);
-            },
-        },
-        init.u);
-  }
+            }
+          },
+          [&](const parser::InitialDataTarget &) {
+            // Defer analysis to the end of the specification part
+            // so that forward references and attribute checks like SAVE
+            // work better.
+            ultimate.set(Symbol::Flag::InDataStmt);
+          },
+          [&](const std::list<Indirection<parser::DataStmtValue>> &values) {
+            // Handled later in data-to-inits conversion
+            ultimate.set(Symbol::Flag::InDataStmt);
+            Walk(values);
+          },
+      },
+      init.u);
 }
 
 void DeclarationVisitor::PointerInitialization(
diff --git a/flang/test/Semantics/null-init.f90 b/flang/test/Semantics/null-init.f90
--- a/flang/test/Semantics/null-init.f90
+++ b/flang/test/Semantics/null-init.f90
@@ -95,3 +95,8 @@
   integer, pointer :: p
   data p/null(j)/ ! ok
 end subroutine
+
+subroutine s13
+  integer, external, pointer :: p1 => null()
+  procedure(), pointer :: p2 => null()
+end subroutine