Pakistan's High Stakes Gamble for Economic Salvation The Pakistani government has requested a $10 billion exchange stabilization facility from the United States, a high stakes gamble that reflects both desperation and pragmatism in the face of an economy on life support.
The country is still reeling from its worst economic crisis in decades and sees the US as a potential lifeline.
The proposed facility would provide much needed relief for Pakistan's cash strapped government, which has struggled to shore up its foreign exchange reserves and currency despite an ongoing IMF bailout program.