Pakistan has reportedly sought a $10 billion Exchange Stabilisation Support Facility from the US to strengthen its economy and boost foreign exchange reserves. Finance Minister Muhammad Aurangzeb raised the request during talks with US Treasury Secretary Scott Bessent. The move comes as Pakistan continues IMF-backed reforms amid a fragile economic recovery.
Pakistan has requested a $10 billion Exchange Stabilisation Support Facility from the United States to strengthen its economy, according to a media report. The request was made by Finance Minister Muhammad Aurangzeb during a meeting with US Treasury Secretary Scott Bessent.
The Exchange Stabilisation Support Facility, typically channelled through the US Treasury's Exchange Stabilisation Fund, serves as a financial backstop and can include currency swaps, financial guarantees and loans.
The Dawn newspaper reported on Wednesday that Pakistan's embassy in Washington confirmed the request but did not provide additional details. The newspaper also sought a response from the US Treasury, but received none.
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