Pakistan seeks $10bn U.S. currency support
Pakistan has asked the U.S. for a $10 billion exchange stabilisation facility, according to a source briefed on the matter. If approved, the funding would bolster the country's foreign exchange reserves and provide a major boost to its cash-strapped economy. Details of the request According to the source, Islamabad has asked U.S. Treasury Secretary Scott Bessent for a bilateral Exchange Stabilisation Support Facility between the U.S. and the Pakistani government worth $10 billion, with a maturity of up to five years.
If approved, the facility would strengthen Pakistan's...