Pakistan has requested a $10 billion Exchange Stabilization Support Facility from the United States, although Pakistan’s Ministry of Finance has not officially confirmed the request.
Finance Minister Muhammad Aurangzeb met US Treasury Secretary Scott Bessent in Washington, where the two discussed strengthening Pakistan’s foreign exchange reserves, improving its sovereign credit profile, expanding economic cooperation, increasing US investment and advancing strategic projects.
During the meeting, Aurangzeb also highlighted the impact of recent regional developments on Pakistan’s economy.
Separately, Reuters reported that Pakistan has formally requested a bilateral $10 billion Exchange Stabilization Support Facility from the United States.
According to the report, Pakistan submitted a request for a five-year financial facility to Treasury Secretary Scott Bessent. If approved, the package could strengthen Pakistan’s foreign exchange reserves, ease pressure on the Pakistani rupee and reduce reliance on multilateral lenders.
Reuters said this is the first time Pakistan has sought such a facility from the United States, and approval could provide significant support to the country’s economy.
The report added that Pakistan hopes to deepen economic cooperation with Washington following its reported diplomatic role during the Iran crisis and efforts to facilitate dialogue between Tehran and Washington.
However, Pakistan’s Ministry of Finance has not confirmed that such a request has been made, while the US Treasury Department declined to comment on the matter.
