Pakistan, Aug. 20 -- Finance Minister Muhammad Aurangzeb has confirmed that Pakistan has formally sought a $10 billion Exchange Stabilisation Support Facility from the United States, saying the initiative is aimed at strengthening foreign exchange stability and sending a positive signal to international capital markets rather than securing a conventional loan or credit line.

Talking to a media outlet the minister confirmed the request while saying that negotiations were ongoing with US, however there is nothing final so far.

Later, talking to media about Pakistan's financing strategy, Aurangzeb said Islamabad was also holding discussions regarding its eventual exit from existing financing arrangements and hoped to receive a reaction or ...