Pakistan Seeks $10 Billion U.S. Support to Stabilize Foreign Exchange Reserves

Banking News – Pakistan has formally requested the United States for a $10 billion Exchange Stabilization Fund (ESF) facility aimed at strengthening its foreign exchange reserves and easing mounting economic pressures. According to Reuters, Pakistan submitted the request to U.S. Treasury Secretary Scott Bessent, seeking a five-year bilateral exchange stabilization facility. The proposal was put…