# Pakistan-US exchange stabilisation facility request

> Live situation record from CLSTR: https://clstr.news/situations/pakistan-us-exchange-stabilisation-facility-request
> Updated: 2026-08-26T07:44:00.000Z. Sources: 13. Developments: 4.

Pakistan has formally requested a $10 billion Exchange Stabilisation Support Facility from the United States Treasury Department. Finance Minister Muhammad Aurangzeb submitted the written request to U.S. Treasury Secretary Scott Bessent to bolster foreign exchange reserves and ease pressure on the Pakistani rupee.

The proposed facility, which would have a maturity of up to five years, is intended to function similarly to a currency swap line. Rather than a conventional loan, the initiative aims to signal currency stability to international capital markets and reduce Pakistan’s reliance on short-term bilateral rollovers and emergency assistance from friendly nations. Officials describe the Bilateral Exchange Stabilization Support Facility as a financial backstop to strengthen the country’s foreign-exchange position and help regain access to international capital markets. A response from Washington is expected within the next few months.

While the facility could reassure credit-rating agencies, analysis by the Committee for the Cancellation of the Third World Debt (CADTM) suggests it may provide the United States with “geopolitical leverage” in future negotiations regarding trade, China policy, and regional strategy. Critics also argue the move may not address Pakistan’s underlying structural economic issues.

Alongside this international request, Pakistan is pursuing domestic strategies to drive private-sector-led growth by expanding inclusive financing for sectors such as agriculture, SMEs, exports, IT, and renewable energy. In the housing sector, approved financing under the Wazir-e-Azam Apna Ghar Program has nearly doubled to Rs279 billion following revised Prudential Regulations from the State Bank of Pakistan.

## Timeline

### 2026-08-26: Pakistan seeks US financial support and expands domestic credit access

Pakistan is expanding domestic financing for housing, agriculture, and SMEs while requesting a $10 billion financial stabilization facility from the US to support currency stability.

3 sources. https://clstr.news/cluster/pakistan-seeks-us-financial-support-and-expands-domestic-credit-access

### 2026-08-22: Pakistan requests $10-billion US Exchange Stabilization Fund support

Pakistan has requested a $10-billion support facility from the US Exchange Stabilization Fund to address economic pressure, a move that critics suggest could increase US geopolitical leverage.

4 sources. https://clstr.news/cluster/pakistan-requests-10-billion-us-exchange-stabilization-fund-support

### 2026-08-20: Pakistan seeks USD 10 billion US facility for forex stability

Pakistan is negotiating a USD 10 billion exchange stabilisation facility with the US to bolster currency stability and reduce reliance on emergency bilateral financing.

6 sources. https://clstr.news/cluster/pakistan-seeks-usd-10-billion-us-facility-for-forex-stability

### 2026-07-21: Pakistan Requests $10 Billion U.S. Exchange‑Stabilisation Facility

Pakistan’s finance minister asked U.S. Treasury Secretary Scott Bessent for a $10 billion exchange‑stabilisation facility to boost reserves, ease rupee pressure and cut IMF reliance after mediating Iran‑U.S.‑t️

22 sources. https://clstr.news/cluster/pakistan-seeks-10-billion-us-backstop-facility-to-shore-up-reserves

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Cite as: Pakistan-US exchange stabilisation facility request. CLSTR, https://clstr.news/situations/pakistan-us-exchange-stabilisation-facility-request