Pakistan formally requested a $10 billion currency stabilization facility from the US Treasury, the largest such ask in the country's history.

INTELLIGENCE SUMMARY

Pakistan formally requested a $10 billion currency stabilization facility from the US Treasury, the largest such ask in the country's history. The request follows Pakistan's elevated role mediating the US-Iran conflict, which has strengthened ties with the Trump administration. Pakistan currently owes roughly $12.3 billion in short-term bilateral debt requiring constant rollovers from Saudi Arabia, China, and Kuwait.