Pakistan has asked the United States for a $10 billion exchange stabilisation facility in a bid to shore up its fragile economy, according to a source familiar with the matter, as Islamabad looks to ease pressure on its foreign exchange reserves and currency.

Pakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign exchange reserves and ease pressure on the…

The proposed facility provides US Treasury-backed support to strengthen Pakistan’s reserves, ease debt pressures, and stabilise the economy.