Monday, July 20 2026

12 Pakistani firms sign investment deals to expand into Saudi Arabia
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 in investment cooperation and laying a foundation for long-term economic partnership between Pakistan and Saudi Arabia, according to APP. Deputy Chairman Senate Syedaal Khan Nasir, addressing the summit as Chief Guest, said the relations between Pakistan and Saudi Arabia are built on a foundation of faith, mutual trust, and shared progress. He said Saudi Vision 2030 has opened new horizons for global investment and private sector growth, offering opportunities for the Pakistani business community.
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Pakistan's external financing hits $16bn in FY26
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 the single largest inflow of the month. Foreign assistance through multilateral sources amounted to $1.93bn in June, lifting the FY26 cumulative total to $5.03bn. Bilateral development partners contributed $29.35m in June, with their full-year total reaching $1.36bn. The Asian Development Bank (ADB) was the leading multilateral donor in June, disbursing $953.74m during the month and taking its FY26 cumulative total to $1.77bn.
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Gold slips as oil prices advance, Fed rate-hike voices grow
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. ​ US gold futures for August delivery eased 0.3% to $4,005.9. Asian share markets ​were hesitant on Monday ahead of a packed week of major ⁠tech earnings that will further test investor faith in the AI momentum. Oil prices jumped 3%, with Brent surpassing $90 a barrel. The US said it had ​completed a ninth consecutive night of attacks against Iran after earlier announcing that at least two US military personnel were killed in Jordan, while U.S. allies in the region reported more ​Iranian attacks on Sunday.
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Oil jumps 3% as US, Iran expand strikes in the Middle East
Oil prices jumped about 3% on Monday, with Brent oil prices surpassing $90 per barrel, as escalating US-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz. Brent crude futures climbed $2.77, or 3.14%, to $90.87 by 0612 GMT, touching the highest since June 11, extending gains after rising 15.9% last week, its biggest weekly gain since April. US West Texas Intermediate crude was at $84.84 a barrel, up $2.35, or 2.85%, the loftiest since June 12. Front-month prices gained 15.5% last week, the largest weekly ascent since early March. The Middle East conflict escalated over the weekend with the US conducting a ninth straight night of attacks against Iran, while US allies Kuwait and Bahrain reported more Iranian strikes.
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Friday, July 17 2026

Big Bird Foods bags Gulf halal poultry export order
Big Bird Foods Limited (PSX:BBFL) has secured a significant export order from a Gulf-based halal food company for the supply of raw chicken and further processed poultry products, a move expected to nearly double the company's current export volumes. The company has stated that additional upside potential exists as production capacity is expanded and further product categories are introduced. Based on current projections, the contract is expected to add Rs1.2bn in annual revenues. BBFL said the development marked another important step in its export growth strategy, reflecting increasing global demand for premium, high-quality halal poultry products.
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