Pakistan seeks $10bn lifeline – 'brokerage fee' after mediation role between US & Iran
Pakistan requested a $10 billion 'exchange stabilization facility' from the Trump administration to strengthen foreign exchange reserves and ease pressure on the rupee.
The request was made directly to US Treasury Secretary Scott Bessent and proposes a five-year facility.
The US Treasury has extended comparable facilities to only Argentina and Uruguay since 2002, making Pakistan's request exceptional.
Pakistan's request follows its diplomatic role in facilitating US-Iran contacts, which some Indian quarters termed a 'brokerage fee'.
Pakistan narrowly avoided default in 2023 after an IMF bailout but remains dependent on external assistance from IMF, China, Saudi Arabia, and UAE.
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