Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
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Abu Dhabi told Pakistan to repay a $2B deposit held at the State Bank of Pakistan, and Islamabad aims to return it by end of April.
Pakistan’s foreign ministry called the UAE repayment a routine maturity under “bilateral commercial agreements,” even as analysts warn reserves could thin.
Oil futures stalled near $119.50 even as near-term North Sea crude hit $141, widening the gap between screens and real cargo costs.
