Pakistan seeks $10bn US financial facility

Pakistan has confirmed that it has requested a $10 billion financial facility from the United States, with Finance Minister Muhammad Aurangzeb expressing hope that progress will be made on the request by September.

Speaking to the media in Islamabad, Aurangzeb said Pakistan had submitted the request under an Exchange Stabilisation Facility. He said the proposal is currently with the US Treasury Department and is being considered by the relevant authorities.

The finance minister said Pakistan was also discussing different options with the United States to extend the repayment period of bilateral loans. He said the government wants to extend the maturity period of the loans to 10 years to ease financial pressure.

Aurangzeb added that talks were also continuing with US banks, the CDF and other financial institutions. The discussions are part of Pakistan’s broader efforts to secure financial support and strengthen its external financing position.

He expressed optimism that the request could see progress by September. The government is expected to remain engaged with US authorities and financial institutions as it explores different financing options.

The move comes as Pakistan continues efforts to improve its financial stability and manage external debt obligations. Extending the repayment period of bilateral loans could provide additional financial space for the country.

The finance minister said the government was considering all available options and continuing negotiations with relevant institutions to secure favourable financial arrangements for Pakistan.