Pakistan Seeks $10 Billion US Currency Backstop Amid Diplomatic Push

Pakistan has formally requested a $10 billion exchange stabilisation facility from the United States, a move that could provide critical relief to its strained reserves and embattled currency.The request was made to US Treasury Secretary Scott Bessent and seeks a bilateral facility with a maturity of up to five years. If approved, this would represent a rare US Treasury backstop, routed through
Pakistan has formally requested a $10 billion exchange stabilisation facility from the United States, a move that could provide critical relief to its strained reserves and embattled currency.The request was made to US Treasury Secretary Scott Bessent and seeks a bilateral facility with a maturity of up to five years. If approved, this would represent a rare US Treasury backstop, routed through
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