Pakistan seeks $10B US aid after Iran talks
Pakistan has requested the United States for $10 billion in funding to support its economy, aimed at stabilizing the exchange rate and strengthening foreign reserves. This comes as part of its efforts to ease economic pressures resulting from geopolitical challenges. The request follows a meeting between Pakistan's Finance Minister and the US Treasury Secretary, during which Pakistan seeks to enhance its financial capacity and reduce its reliance on external funding. Meanwhile, Fitch agency warns of a potential erosion of reserves due to rising energy costs and supply instability. The proposed support includes repayment terms of up to five years and aims to stabilize the Pakistani rupee and alleviate debt burdens, within the framework of an IMF program and with the adoption of strict fiscal policies.
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