Aurangzeb seeks $10bn support facility from US

Finance Minister Muhammad Aurangzeb has formally requested a $10 billion Exchange Stabilisation Support Facility from the US Treasury to bolster Pakistan's economy. This move highlights Pakistan's financial struggles and its efforts to secure international financial support. Given the US's role in global economic affairs, this request could influence Pakistan's economic policies and its relations with international financial institutions. The lack of details from both sides suggests the request is preliminary, but it underscores the urgency and gravity of Pakistan's economic situation.