ISLAMABAD: Pakistan expects progress by September on a Pakistan-US stabilisation facility, which Reuters reported was worth USD 10 billion, Finance Minister Muhammad Aurangzeb said Wednesday.
Aurangzeb said the request is with the US Treasury Department. However, he did not say Washington had approved the facility.
Meanwhile, Pakistan is seeking longer repayment periods on bilateral loans. Aurangzeb said Islamabad wants to extend some maturities to as long as 10 years.
He added that officials are weighing several options. Talks are also continuing with the US EXIM Bank and other institutions.
The proposed facility could provide dollar financing, swaps or guarantees through a US Treasury backstop; such facilities aim to support foreign-exchange reserves and currency stability.
Read: Pakistan IMF $1.2bn Tranche Expected as Aurangzeb Signals Confidence
Pakistan is also operating under a USD 7 billion International Monetary Fund programme. Separately, it secured a USD 1.3 billion climate resilience loan, according to the supplied report.
Read: Pakistan IMF Budget Talks Set Rs18tr FY2026-27 Plan
In April, Pakistan repaid about USD 3.5 billion to the United Arab Emirates. Saudi Arabia then provided USD 3 billion in fresh support.
The State Bank of Pakistan said in January that reserves could reach USD 20 billion by the end of 2026.
