Pakistan is seeking a $10 billion backstop facility from the United States to bolster its foreign exchange reserves, according to a source familiar with the matter.
Pakistan seeks $10 billion US backstop facility to boost reserves, source says
The request aims to strengthen foreign exchange reserves, according to a source familiar with the matter.
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Kristian Bilanžić
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Finance Minister Muhammad Aurangzeb held a meeting with US Treasury Secretary Scott Bessent to discuss the financial support request. During the talks, Pakistan emphasized its intention to leverage its strategic role as a mediator between Washington and Tehran to facilitate the proposed backing.
Sources 2
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