Saudi Arabia has raised $3.25 billion through a two-tranche sale of US dollar-denominated sukuk, marking its second debt issuance this year. The offering included $1.25 billion in five-year sukuk and $2 billion in 10-year sukuk, priced at 70 and 80 basis points above US Treasuries. Investor demand exceeded $15 billion, highlighting strong interest in Saudi debt. The kingdom will use the proceeds to meet general domestic budgetary requirements.

Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to sustainable, private sector-led and export-driven growth. Speaking at an agreement-signing ceremony, he welcomed a reinsurance partnership between ICIEC and Pak EXIM Bank and a Rs3 billion SME risk-pool agreement involving the Export Development Fund. He described both initiatives as key steps towards implementing Pakistan’s export strategy.

Thousands of Pakistanis are reportedly struggling to recover substantial investments from Dubai amid regional instability and falling property prices. Industry representatives and currency dealers claim capital flows from Dubai to Pakistan have increased, with some funds shifting into Karachi’s property market. Pakistani technology companies and businesses that relocated to Dubai are also reportedly reconsidering their operations due to uncertainty. These claims, including estimates concerning undeclared money, have not been independently verified.