Islamabad, 19 August 2026 (Nosheen): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has confirmed that Pakistan has formally requested a $10 billion Exchange Stabilization Facility from the United States, with progress on the matter expected by September. Speaking informally to media representatives in Islamabad, Finance Minister Muhammad Aurangzeb said Pakistan’s application is currently under consideration by the US Department of the Treasury.He said the government is actively exploring multiple financial avenues and remains engaged in discussions with institutions including the US Export-Import Bank (EXIM Bank) and the US International Development Finance Corporation (DFC).The Finance Minister also highlighted ongoing efforts to restructure bilateral debt.He explained that work is underway to extend the repayment terms of bilateral loans, with the objective of stretching the maturity period to up to 10 years in order to ease immediate fiscal pressures.The government is continuing its efforts to secure additional financial support and improve the country’s external financing position through engagement with international partners and financial institutions.