Pakistan, Aug. 20 -- Pakistan has requested a $10 billion Exchange Stabilization Facility from the United States to strengthen its financial position. The Finance Ministry confirmed the request on Wednesday.

According to ministry sources, the US Treasury Department has received Pakistan's request. Washington is expected to make progress on the proposal by September.

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The proposed facility is part of Pakistan's broader efforts to strengthen its external position and improve financial stability. The facility could provide additional support for managing external financial pressures.

Meanwhile, Pakistan is also negotiating with the United States to extend the repayment period...