Pakistan Seeks $10 Billion US Facility to Stabilise Foreign‑Exchange Reserves
· World · Times of India, Bloomberg
Pakistan’s Finance Minister Muhammad Aurangzeb announced that the government has submitted a request to the US Treasury Department for a $10 billion Exchange Stabilisation Support Facility. The proposal aims to strengthen Pakistan’s foreign‑exchange market amid pressure on external payments and to signal confidence to international investors. Pakistan is currently implementing a $7 billion IMF programme agreed in 2024 and seeks a longer‑term market‑based financing alternative. Discussions with the Treasury are ongoing, and no agreement has yet been finalised.
Why it matters
Securing the facility would help Pakistan shore up its foreign‑exchange reserves and reduce reliance on short‑term bilateral rollovers, affecting the country’s balance of payments and investor confidence.
Read the original report — Times of India
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