WASHINGTON – Pakistan has reportedly sought a $10 billion exchange stabilization facility from the United States in a bid to strengthen its foreign reserves and support its economy.
Reports said the request comes after Pakistan’s diplomatic role in facilitating discussions related to the Iran conflict, raising expectations in Islamabad that improved ties could help attract economic support.
The proposed bilateral facility, addressed to US Treasury Secretary Scott Bessent, would reportedly provide financial assistance for up to five years if approved.
Officials believed the arrangement could help stabilize the Pakistani rupee, reduce pressure on reserves, and lower dependence on international lenders.
The US Treasury has not commented on the request, while Pakistan’s finance ministry has yet to issue a response.
It comes as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with US Treasury Secretary, Mr. Scott Bessent, in Washington, D.C.
During the meeting, the Finance Minister highlighted Pakistan’s journey from macroeconomic stabilization to sustainable, export-led growth, while noting the economy’s vulnerability to regional geopolitical developments.
Senator Aurangzeb sought greater U.S. support for Pakistan’s road to market, underpinned by improved access to international capital markets, higher foreign exchange reserves, and enhanced sovereign credit ratings.
Both sides reaffirmed their commitment to deepening bilateral economic cooperation, promoting greater U.S. investment, and advancing strategic projects.
