Pakistan Confirms $10 Billion Financial Facility Request to US

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.

Sources and updates

Geo News - Youtube

Pakistan Requested $10 Billion From US | Finance Minister Confirms Major Development

Dawn News - Youtube

Pakistan Accelerates Efforts to Secure $10 Billion Financial Support from US | Breaking News | Dawn

ARY News - Youtube

Pakistan Seeks $10 Billion from US #shorts #ytshorts #youtubeshorts #arynews

Express News - Youtube