Pakistan, April 23 -- US Treasury Secretary Scott Bessent has claimed that several Gulf allies have requested currency swap arrangements. He made the statement during a hearing before the US Senate, according to American media reports. The remarks highlight growing financial coordination between the United States and its regional partners.

Bessent said that the United Arab Emirates is among the countries seeking such facilities. He explained that currency swaps allow countries temporary access to US dollars in times of financial pressure. He added that these arrangements can help stabilize financial markets and prevent sudden asset sales.

Read more: Pakistan rallies support from regional allies as it leads Mideast

Furthermore, he noted...