Pakistan Seeks $10 Billion US Foreign Exchange Stabilization Fund

Pakistan has formally requested a $10 billion foreign exchange stabilization facility from the United States to strengthen its economy, boost foreign exchange reserves, and improve long-term financial stability. According to reports, the government has submitted a proposal to US Treasury Secretary Scott Bessent seeking a five-year bilateral Exchange Stabilization Support Facility. If approved, the funding…

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Federal Cabinet Approves Rs1.8 Billion Special Allowance for Senior Bureaucrats

The federal cabinet has approved a Rs1.8 billion special allowance for senior bureaucrats despite continuing austerity measures and limiting the salary increase for most government employees to 7% in the 2026-27 federal budget. The new benefit, titled the All Pakistan Services Provincial Governments’ Cadre Posts’ Parity Allowance, will take effect from July 1, 2026. According…

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