Pakistan seeks $10B US stabilization facility
Analysis based on 58 articles · First reported Jul 21, 2026 · Last updated Jul 22, 2026
Pakistan has requested a $10 billion bilateral exchange stabilization facility from the United States to bolster its foreign exchange reserves and ease pressure on the Pakistan — Pakistani rupee. The request, made to US Treasury Secretary Scott Bessent, follows Pakistan's role in mediating talks related to the Iran conflict, which raised its diplomatic profile. If approved, the facility would reduce Pakistan's reliance on multilateral financing, including its $7 billion IMF program. Pakistan's Finance Minister Muhammad Aurangzeb met with Bessent in Washington, seeking greater US support for market access and credit ratings. The US Treasury declined to comment. Pakistan's reserves remain dependent on official financing from China and Saudi Arabia, and the country narrowly avoided default in 2023. A similar facility was last provided to Argentina in 2025.
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