Bessent meets Aurangzeb, supports Pakistan reforms
Analysis based on 8 articles · First reported Jul 22, 2026 · Last updated Jul 22, 2026
U.S. Treasury Secretary Scott Bessent met Pakistan's Finance Minister Muhammad Aurangzeb on July 21, 2026, in Washington D.C. Bessent welcomed Pakistan's progress in implementing economic reforms and laying the groundwork for a return to international capital markets. The Treasury statement did not address Pakistan's request for a $10 billion exchange stabilization facility, but a U.S. official confirmed the request. Aurangzeb also met with EXIM Bank President Milovan Jovanović to discuss deepening ties and a multi-year transaction pipeline. Pakistan, hit hard by the Iran war, seeks to bolster its foreign exchange reserves and reduce dependence on official financing from China and Saudi Arabia. The meeting follows Pakistan's role in brokering talks to end the Iran war, which raised its diplomatic profile.
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