{"id":24885,"date":"2026-07-23T01:34:59","date_gmt":"2026-07-22T20:34:59","guid":{"rendered":"https:\/\/pakjazbo.com\/?p=24885"},"modified":"2026-07-23T01:35:01","modified_gmt":"2026-07-22T20:35:01","slug":"us-treasury-secretary-welcomes-pakistans-economic-reforms-return-to-capital-markets","status":"publish","type":"post","link":"https:\/\/pakjazbo.com\/?p=24885","title":{"rendered":"US treasury secretary welcomes Pakistan\u2019s economic reforms, return to capital markets"},"content":{"rendered":"\n

US Treasury Secretary Scott Bessent met Finance Minister Muhammad Aurangzeb a day earlier and welcomed Pakistan\u2019s progress in implementing economic reforms and laying the groundwork for a return to international capital markets, the Treasury said in a statement<\/a> on Wednesday.<\/p>\n\n\n\n

According to a statement, Bessent emphasised the \u201cimportance of Pakistan\u2019s work to continue its reforms, become more economically self-reliant, boost growth and strengthen its economic resilience\u201d.<\/p>\n\n\n\n

\u201cSecretary Bessent welcomed the progress Pakistan has made in restoring macroeconomic stability and advancing fiscal consolidation, recognising the government\u2019s efforts to implement significant economic reforms,\u201d Treasury said.<\/p>\n\n\n\n

The statement added that Bessent also expressed support for Pakistan\u2019s efforts to build greater economic self-reliance and commended the government\u2019s commitment to creating the conditions for a successful return to international capital markets.<\/p>\n\n\n\n

The statement, however, did not address Pakistan\u2019s request for a $10 billion<\/a> exchange stabilisation facility.<\/p>\n\n\n\n

Meanwhile, a statement issued by Pakistan\u2019s Ministry of Finance on Tuesday said that Aurangzeb highlighted Pakistan\u2019s journey from macroeconomic stabilisation to sustainable, export-led growth, while noting the economy\u2019s vulnerability to regional geopolitical developments.<\/p>\n\n\n\n

The statement added that Senator Aurangzeb sought greater US support for Pakistan\u2019s path to the market, underpinned by improved access to international capital markets, higher foreign exchange reserves and enhanced sovereign credit ratings.<\/p>\n\n\n\n

It said both sides reaffirmed their commitment to deepening bilateral economic cooperation, promoting greater US investment and advancing strategic projects.<\/p>\n\n\n\n

The proposed<\/a> $10 billion exchange stabilisation facility would be a financial mechanism under which the US government, through the Treasury\u2019s Exchange Stabilisation Fund, would provide loans or other backstop facilities to Pakistan to bolster its foreign exchange reserves, ease debt pressures, and help stabilise the economy.<\/p>\n\n\n\n

Such facilities are primarily used to prevent currency instability and, where necessary, support a partner country\u2019s currency through intervention in foreign exchange markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

US Treasury Secretary Scott Bessent met Finance Minister Muhammad Aurangzeb a day earlier and welcomed Pakistan\u2019s progress in implementing economic reforms and laying the groundwork for a return to international capital markets, the Treasury said in a statement on Wednesday. According to a statement, Bessent emphasised the \u201cimportance of Pakistan\u2019s work to continue its reforms, become more […]<\/p>\n","protected":false},"author":1,"featured_media":24882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","inline_featured_image":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"no","rop_publish_now_accounts":{"facebook_3859443944190656_798604363342440":""},"rop_publish_now_history":[{"account":"facebook_3859443944190656_798604363342440","service":"facebook","timestamp":1784752543,"status":"success"}],"rop_publish_now_status":"done","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-24885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/24885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24885"}],"version-history":[{"count":1,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/24885\/revisions"}],"predecessor-version":[{"id":24886,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/24885\/revisions\/24886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/media\/24882"}],"wp:attachment":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}