Sources familiar with the matter said that after Pakistan brokered negotiations on the Iran-related war, Pakistan applied for a $10 billion exchange rate stabilization financing arrangement from the US. Pakistan's Finance Minister Mohammed Aurangzeb formally submitted the application through a letter during a meeting with US Treasury Secretary Scott Bessent on Tuesday. In the letter, the Pakistani government proposed that the US and Pakistan establish a financing instrument for stabilizing bilateral exchange rates totaling 10 billion US dollars, with a maximum period of five years.
Zhitongcaijing · 1d ago
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Sources familiar with the matter said that after Pakistan brokered negotiations on the Iran-related war, Pakistan applied for a $10 billion exchange rate stabilization financing arrangement from the US. Pakistan's Finance Minister Mohammed Aurangzeb formally submitted the application through a letter during a meeting with US Treasury Secretary Scott Bessent on Tuesday. In the letter, the Pakistani government proposed that the US and Pakistan establish a financing instrument for stabilizing bilateral exchange rates totaling 10 billion US dollars, with a maximum period of five years.
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