Pakistan has asked the United States for a $10 billion exchange stabilisation facility, a source briefed on the matter told Reuters, which, if approved, could provide a lifeline for the cash-strapped South Asian economy.
The request, which is being reported for the first time, follows Pakistan’s role in brokering talks over the Iran war, which raised its diplomatic profile and stirred hopes that it could seek economic gains from Washington and other partners.
In the request to US Treasury Secretary Scott Bessent, Islamabad is seeking a Bilateral Exchange Stabilisation Support Facility between the U.S. and the Pakistani government worth $10 billion with maturity of up to five years.
The facility, if agreed to, would bolster Pakistan’s reserves, ease pressure on the rupee, and reduce its reliance on multilateral financing, even as Islamabad undertakes tighter fiscal and monetary policies in line with its International Monetary Fund program.
