Pakistan has asked US Treasury Secretary Bessent for a $10 billion bilateral
exchange-rate stabilization fund, people familiar with the request said. The
facility would run for up to five years and, if approved, would boost Pakistan’s
reserves, ease pressure on the Pakistani rupee and reduce reliance on
multilateral financing. The request follows Islamabad’s role in brokering Iran
war-related talks, which raised hopes of economic concessions from Washington
and other partners. Pakistan would implement tighter fiscal and monetary
measures under an IMF program as part of the arrangement.
