Pakistan has requested a $10 billion exchange stabilisation facility from the US, aiming to boost its foreign exchange reserves and provide a lifeline for the economy. Concurrently, global oil prices surged, with Brent crude up 0.6% to $91.55 a barrel, driven by escalating Middle East tensions and Houthi threats in the Red Sea. This potential US facility could support the PKR, while higher crude prices might fuel inflation and increase demand for gold as a safe haven.
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