Pakistan has raised a record $3 billion through its largest-ever international capital market transaction. The dual-tranche Eurobond sale attracted nearly $6 billion in orders. It comprises a $1.75 billion, 5.5-year bond carrying a 7.5% coupon and a $1.25 billion, 10-year bond at 7.9%. The Finance Ministry said the strong demand reflected investor interest in Pakistan’s debt. The country’s most expensive previous Eurobond was issued more than a decade ago at an 8.25% interest rate.

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.