Brief by Shorts91 Newsdesk / 03:43am on 22 Jul 2026,Wednesday International
Pakistan has reportedly sought a $10 billion US exchange stabilisation facility to strengthen its foreign exchange reserves and support the rupee, according to a Reuters report cited by Firstpost. The request comes after Islamabad's role in facilitating Iran war-related diplomacy, with officials hoping to leverage improved ties with Washington. Pakistan's Finance Minister Muhammad Aurangzeb discussed strengthening economic cooperation with US Treasury Secretary Scott Bessent in Washington, although Islamabad did not officially confirm the reported funding request. If approved, the facility could reduce Pakistan's dependence on IMF financing and bolster currency stability. Pakistan remains under a $7 billion IMF programme while pursuing broader economic cooperation with the United States. (PC: Money Control)
