Pakistan Eyes $10bn US Exchange Stabilization Facility

Pakistan has formally requested a $10 billion Exchange Stabilization Facility from U.S. Treasury Secretary Scott Bessent, aiming to shore up its foreign reserves and stabilize its currency, according to sources familiar with the matter. Finance Minister Muhammad Aurangzeb made the request during recent engagements in Washington, Reuters first reported—a detail confirmed by Pakistani officials. Pakistani … Continue reading Pakistan Eyes $10bn US Exchange Stabilization Facility