Pakistan expects US reply soon on $10bn stabilization facility: Bloomberg

Business Recorder, citing a Bloomberg News report on Tuesday, said Pakistan is awaiting a reply from Washington in roughly the next two months on its appeal for a $10 billion stabilization facility. Islamabad sees the request as a way to build on warmer relations with the Trump administration. Finance Ministry adviser Khurram Schehzad described Pakistan's talks with the US on the proposal as constructive.

Finance Minister Muhammad Aurangzeb had confirmed the formal request last week, stressing that the arrangement would signal confidence in the currency and foreign exchange market rather than act as a conventional loan or credit line. Talks are still underway and no terms have been settled. Aurangzeb indicated that Islamabad hopes to hear from either the US Treasury or the Export-Import Bank by the end of September, as the government shifts away from repeated bilateral rollovers toward market financing.

The proposal sits alongside an improving economic picture. Moody's Ratings lifted Pakistan's sovereign grade earlier this week, citing a firmer external position, stronger fiscal metrics and lower domestic financing costs. Pakistan has also tapped international bond markets again this year, ending a four-year gap with a eurobond and its first yuan-denominated notes issued in China.