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Pakistan Confirms $10 Billion Financial Facility Request to US

Animated editorial illustration for: Pakistan Confirms $10 Billion Financial Facility Request to US
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At a glance

  • Pakistan has requested a $10 billion financial facility from the US.
  • Finance Minister Muhammad Aurangzeb confirmed the request is with the US Treasury.
  • A decision is expected by September, with talks also underway to extend loan durations.

Story so far

Pakistan is seeking a $10 billion financial facility from the United States to help stabilise its economy. Finance Minister Muhammad Aurangzeb confirmed the request has been submitted to the US Treasury. The government is also in talks with US institutions like the EXIM Bank and DFC to extend the duration of bilateral loans, aiming for a 10-year period. This development comes as Pakistan prepares for an IMF review mission in September.

Latest development

Finance Minister Muhammad Aurangzeb has confirmed that Pakistan has formally requested a $10 billion financial facility from the United States. The request is currently with the US Department of the Treasury, and a decision is anticipated by September.

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