Image: India TodayPakistan US exchange stabilisation facility: Islamabad seeks $10 billion reserve backstop after Iran War diplomacy - India Today
• Pakistan has requested a $10 billion exchange stabilisation facility from the United States to bolster its foreign exchange reserves and support the rupee. • The move follows a period of IMF-backed reforms that stabilized the economy but imposed high political costs through increased taxes and spending restraints. • Fitch Ratings noted in April that these reforms and rebuilt buffers have improved Pakistan's funding capacity and provided a cushion against shocks from Middle East conflicts.
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