Pakistan Requests $10 Billion U.S. Exchange Backstop Facility To Stabilize Currency

businessmacroeconomicsworldpoliticsus-foreign-policy 7 posts · 5 accounts

Pakistan formally requested a $10 billion bilateral exchange stabilization facility from the U.S. Treasury with a maturity of up to five years, via a letter delivered by Finance Minister Muhammad Aurangzeb to Treasury Secretary Scott Bessent on Tuesday.

The proposed financial backstop aims to strengthen Pakistani foreign exchange reserves, stabilize the rupee, and reduce reliance on International Monetary Fund loans. The proposal followed Islamabad’s role in brokering negotiations over the Iran conflict, though the Treasury has not commented and no decision has been announced.

From the sources (7 posts)

@reuters

EXCLUSIVE: Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

@reutersbiz

Exclusive: Pakistan has asked the United States for a $10 billion exchange stabilization facility, which, if approved, could provide a lifeline for the cash-strapped South Asian economy. More here -

@reuters

Exclusive: Pakistan has asked the United States for a $10 billion exchange stabilization facility, which, if approved, could provide a lifeline for the cash-strapped South Asian economy

@clashreport

Pakistan has asked the United States for a $10 billion exchange stabilization facility to strengthen its foreign exchange reserves, stabilize the rupee, and reduce reliance on IMF loans. The request comes after Pakistan helped mediate talk

@faytuksnetwork

Pakistan considering tapping $10 billion financial fund as part of its mediation in Iran negotiations, government sources say package could strengthen Pakistan’s economy and open new strategic partnership opportunities with the US - Reuters

@iranintl_en

Pakistan has asked the United States for a $10 billion exchange stabilization facility, following Islamabad’s role in brokering talks over the Iran war, Reuters reported, citing two sources briefed on the matter. Pakistani Finance Minister

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