Pakistan Seeks $10 Billion U.S. Exchange Stabilisation Fund to Address Economic Pressures
Pakistan has requested a $10 billion Exchange Stabilisation Support Facility from the U.S. Treasury to help manage its external financing pressures. This request was made by Finance Minister Muhammad Aurangzeb during a recent visit to Washington. The facility, if approved, would provide Pakistan with a direct bilateral financial mechanism, distinct from traditional multilateral assistance programs. The Exchange Stabilisation Fund (ESF) is a powerful financial tool used by the U.S. to support struggling economies, having been previously deployed in countries like Mexico and Argentina. The proposed facility aims to bolster Pakistan's foreign exchange reserves, manage external payment pressures, and enhance market confidence. However, it remains a proposal and not yet an approved financial commitment from the U.S. 
