UAE asks Pakistan to repay $2 billion central bank deposit
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.
Fresh coverage on the economy, markets, and the forces moving money.
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.
Oil futures stalled near $119.50 even as near-term North Sea crude hit $141, widening the gap between screens and real cargo costs.
Pakistan’s foreign ministry called the UAE repayment a routine maturity under “bilateral commercial agreements,” even as analysts warn reserves could thin.
Employers added 178,000 jobs in March, and the unemployment rate fell to 4.3%, easing worries after February’s stumble.
Polymarket pulled a wager tied to a U.S. rescue mission in Iran after Rep. Seth Moulton called it “DISGUSTING”.
Stocks bounced off 6-month lows as hopes for calmer Hormuz shipping eased fear, but higher crude kept pressure on inflation and airline margins.