Pakistan applies for $10bn US forex facility, leverages Iran mediation

But experts warn funding paves way for Washington's scrutiny over China debt

Pakistan requested the $10 billion currency backstop after it helped mediate between the U.S. and Iran, led by the country's military chief, Field Marshal Asim Munir. (Nikkei montage/Source photo by Reuters)

ISLAMABAD -- Pakistan recently applied for a U.S. foreign currency backstop facility worth up to $10 billion to strengthen the country's ability to withstand any foreign reserve-related shock, Nikkei Asia has learned.