Pakistan Seeks $10 Billion US Financial Support to Strengthen Foreign Exchange Reserves
Pakistan has reportedly requested a $10 billion exchange stabilization facility from the United States to help strengthen its foreign exchange reserves, support the value of the Pakistani rupee, and improve overall financial stability.
According to reports, the proposal was discussed during a meeting between Finance Minister Muhammad Aurangzeb and US Treasury Secretary Scott Bessent in Washington.
Purpose of the Proposed Facility
If approved, the financing would provide Pakistan with additional liquidity for up to five years. The reported objectives include:
- Strengthening foreign exchange reserves
- Supporting the stability of the Pakistani rupee
- Improving access to international financial markets
- Reducing reliance on short-term external financing
- Supporting ongoing economic reforms
The proposal has not yet been officially confirmed by US authorities.
Focus on Economic Cooperation
According to Pakistan’s Finance Ministry, discussions between the two sides focused on expanding economic cooperation and improving Pakistan’s financial outlook.
The finance minister highlighted the need for greater international support to:
- Increase foreign exchange reserves
- Improve Pakistan’s sovereign credit profile
- Attract foreign investment
- Expand access to global capital markets
Both countries also discussed opportunities to strengthen bilateral economic ties and encourage investment in strategic sectors.
Pakistan’s Current Economic Program
Pakistan is currently implementing economic reforms under the International Monetary Fund (IMF) program, which includes measures aimed at improving fiscal stability, increasing tax collection, and maintaining financial discipline.
The country previously secured international financial assistance to support economic recovery and continues to work toward strengthening its external financial position.
Potential Impact
Financial experts believe that, if such a facility is approved, it could provide additional support for Pakistan’s external finances and strengthen investor confidence.
However, the proposal remains under consideration, and no official decision has been announced by the United States regarding the reported request.
Pakistan’s central bank continues to target higher foreign exchange reserves while monitoring global economic conditions, energy prices, and regional developments that could affect the country’s economic outlook.
