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SBP says requested $10bn US facility not factored into FX reserve projection
Pakistan’s central bank said on Monday its projection of foreign exchange reserves reaching a record $25 billion by end-June 2027 did not include the requested $10 billion Exchange Stabilisation Support Facility from the United States. Earlier this year, Pakistan formally requested a $10 billion facility from the US to strengthen its foreign exchange reserves, ease pressure on the rupee and reduce reliance on bilateral financing arrangements and multilateral lenders. “I can say that the foreign exchange reserves outlook for $25 billion by end of June 2027 does not include it [the requested $10...
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