Sources: Pakistan Seeks $10 Billion from US After Brokering Iran Talks

On July 22, according to sources familiar with the matter, Pakistan has made a request to the United States for a $10 billion fund to stabilize its currency. If approved, the fund would provide a lifeline for the financially troubled South Asian economy. Previously, Pakistan had participated in brokering negotiations related to the Iran war, which enhanced its diplomatic influence and raised expectations that it could gain economic benefits from Washington and other partners. In the request to U.S. Treasury Secretary Bessent, Islamabad is seeking a bilateral currency stabilization support fund worth $10 billion between the United States and the Pakistani government, with a term of up to five years. If agreed, the arrangement would bolster Pakistan's reserves, ease pressure on the Pakistani rupee, and reduce its reliance on multilateral financing, while Islamabad would also implement tighter fiscal and monetary policies under the International Monetary Fund program. (Jin Shi)