Pakistan has requested a $10 billion exchange stabilisation facility from the United States, according to a source familiar with the matter, in a move that could provide significant support to the country’s foreign exchange reserves if approved.
The request follows Pakistan’s role in facilitating diplomatic talks over the Iran conflict, which elevated its international profile and fuelled expectations that Islamabad could pursue broader economic cooperation with Washington.
According to the source, Pakistan has asked US Treasury Secretary Scott Bessent to establish a Bilateral Exchange Stabilization Support Facility worth $10 billion, with a maturity period of up to five years.
If approved, the facility would strengthen Pakistan’s foreign exchange reserves, ease pressure on the Pakistani rupee, and reduce the country’s dependence on multilateral financing while it continues implementing fiscal and monetary reforms under its International Monetary Fund (IMF) programme.
The US Treasury declined to comment on the reported request.
Pakistan’s Finance Ministry did not immediately respond to Reuters’ request for comment outside normal business hours in Asia.