Pakistan asks U.S. for $10bn currency backstop
Pakistan has requested a $10 billion exchange stabilization facility from the United States in a move aimed at strengthening its foreign exchange reserves, easing pressure on the rupee and reducing reliance on multilateral lenders, Reuters reported,
July 22, 2026 (MLN): Pakistan has requested a $10 billion exchange stabilization facility from the United States in a move aimed at strengthening its foreign exchange reserves, easing pressure on the rupee and reducing reliance on multilateral lenders, Reuters reported, citing a source familiar with the matter. According to the report, Islamabad has sought a Bilateral Exchange Stabilization Support Facility wo...