Situationer: How the US stabilisation fund could help Pakistan

PAKISTAN’S request for a $10 billion Exchange Stabilisation Support Facility from the US Treasury involves one of Washington’s most powerful, but least understood financial tools. Finance Minister Muhammad Aurangzeb requested the facility, with a maturity period of up to five years, during a visit to Washington earlier this month. The request comes as Pakistan continues to face external financing pressures, including the need to maintain foreign exchange reserves, meet international debt obligat...