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6 hours ago

Pakistan Seeks $10 Billion U.S. Currency Backstop After Role in Iran Diplomacy

Pakistan Seeks $10 Billion U.S. Currency Backstop After Role in Iran Diplomacy

Islamabad is asking Washington for a five-year exchange stabilization facility that could strengthen foreign reserves, support the rupee and reduce Pakistan’s dependence on IMF disbursements and emergency assistance from regional allies. By... Read more.

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