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International Business Times UK
International Business Times UK
World
Tanmay Puri

Pakistan Seeks $10 Billion US 'Brokerage Fee' After Playing Mediator in US-Iran Conflict

United States Pakistan International Monetary Fund Iran Muhammad Aurangzeb Economy Exim Bank the US
Pakistan has urged a $10 billion US exchange stabilisation fund to bolster its economy, despite concerns over its long-term economic reforms. (Credit: Whitehouse.gov)

Pakistan has officially requested a massive Pakistan $10 billion (£7.4 billion) US exchange stabilisation fund and trade finance facility following its high-profile diplomatic intervention in the recent US-Iran conflict.

Negotiated during Finance Minister Muhammad Aurangzeb's Washington visit, the unprecedented financial proposal aims to bolster dwindling foreign reserves and reduce heavy reliance on traditional international bailouts.

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