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Pakistan submits $10 billion facility request to US Treasury Department

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Pakistan has formally submitted a bid to the US Treasury Department seeking a $10 billion financial facility. The request comes as the country continues to grapple with prolonged external payment pressures. Pakistan narrowly avoided a sovereign default in 2023, managing to stabilize its finances through emergency IMF support and aid from bilateral partners. The move signals Islamabad's efforts to diversify its sources of financial assistance beyond traditional multilateral lenders.

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Pakistan submits $10 billion facility request to US Treasury Department · ShortSingh