Pakistan Seeks $10 Billion U.S. Backstop After Mediating U.S.-Iran Talks Pakistan has applied for a U.S. foreign currency backstop worth up to $10 billion to shore up reserves, Nikkei Asia …
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Pakistan applies for $10 billion US currency backstop to bolster forex reserves
by Sato Asahiby Sato AsahiPakistan Seeks U.S. $10 Billion Backstop to Bolster Foreign Reserves Pakistan has formally applied for a U.S. $10 billion backstop facility to strengthen its defenses against foreign reserve shocks, Nikkei …