Reuters has reported that Pakistan has requested a $10 billion bilateral currency stabilization facility from the United States to strengthen its foreign exchange reserves and stabilize the Pakistani rupee.
According to the report, the proposal was submitted to the U.S. Treasury and would provide financing with a maturity of up to five years. If approved, the facility could help Pakistan reduce its reliance on international lenders while supporting its ongoing economic reform program.
Neither the U.S. Treasury Department nor Pakistan's Ministry of Finance has officially commented on the Reuters report. Pakistan remains under a financial reform program supported by the International Monetary Fund (IMF).
