ISLAMABAD: Pakistan has reportedly requested a $10 billion backstop facility from the United States to strengthen its foreign exchange reserves and support economic stability, according to Reuters.
The request, submitted to US Treasury Secretary Scott Bessent, seeks five years of financial support under an exchange stabilization arrangement.
If approved, the facility could help ease pressure on the Pakistani rupee, improve external financial stability, and strengthen the country’s access to international capital markets.
US officials declined to comment on the reported request, while Pakistan’s Finance Ministry has neither confirmed nor denied it. Pakistan is currently implementing reforms under a $7 billion IMF programme aimed at stabilizing the economy.
