Treasury welcomes Pakistan's reforms, push to return to capital markets

U.S. Treasury Secretary Scott Bessent met Pakistan's finance minister on Tuesday, welcoming the country's push to implement economic reforms and prepare for a return to international capital markets, Treasury said in a statement on Wednesday.



The statement did not address Pakistan's request for a $10 billion exchange stabilization facility, first reported by Reuters. Pakistani Finance Minister Muhammad Aurangzeb delivered the request during the meeting, sources told Reuters.



He also met with U.S. EXIM Bank President John Jovanovic during his visit to Washington.



During his meeting with the Pakistani official, Bessent emphasized the importance of Islamabad's work to advance its reforms, become more economically self-reliant, boost growth and strengthen its economic resilience, Treasury said.