Twelve prominent Pakistani companies from various sectors have signed Memorandums of Understanding (MoUs) with Al Raee Group to launch operations and execute large-scale investments in Saudi Arabia. The agreements were signed at the "Saudi Company Formation and Business Expansion Summit 2026," organized by Al Raee Group in Islamabad, marking what organizers described as a significant milestone
Pakistan secured $4.04bn in external financing in June 2026, closing out FY26 (July 2025–June 2026) with a cumulative total of $16.16bn, the latest report by the Economic Affairs Division (EAD) showed. Disbursements from bilateral and multilateral development partners totalled $1.96bn in June, taking the full-year total to $6.39bn, while a $1.7bn commercial loan from China Development Bank was
Around 40 medicines that have already been registered in Pakistan remain unavailable to patients because the federal government has yet to approve their prices. The delay has left thousands of patients, including those battling cancer, diabetes and other life-threatening diseases, with limited treatment options, forcing many to depend on costly personal imports or smuggled and unregistered medi
Euromoney Awards for Excellence 2026 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won ‘Pakistan’s Best Retail Bank’, ‘Pakistan’s Best Bank for Sustainable Finance’, ‘Pakistan’s Best for Capital Markets Advisory’, and ‘Pakistan’s Best Investment Bank for M&A’. Euromoney is a global English-language publication focused on business and finance. These awards are the
Gold prices fell on Monday as an escalation in the Middle East war pushed Brent crude above $90 a barrel, heightening inflation concerns as several US Federal Reserve policymakers signalled that interest rate hikes may be needed to curb price pressures. Spot gold was down 0.4% at $4,000.55 per ounce, as of 0058 GMT, after hitting a two-week low on Friday and posting a 2.5% weekly loss. U