Pakistan’s textile sector has stepped forward with a major financial support proposal, as industry leaders consider placing a $2 billion deposit with the State Bank of Pakistan (SBP) following the government’s decision to return a similar amount to the United Arab Emirates.
In a statement issued from Lahore, All Pakistan Textile Mills Association (APTMA) Chairman Kamran Arshad said the industry stands firmly behind the government and is ready to prevent any financial strain on the country.
He emphasized that the textile sector remains committed to national economic stability and will not allow liquidity concerns to arise during this period.
According to Arshad, APTMA plans to hold consultations with Prime Minister Shehbaz Sharif after the ongoing peace talks conclude, aiming to finalize a structured financial support mechanism. He added that the association has consistently prioritized national interests above all else.
The APTMA chief also noted that Pakistan has met the requirements agreed with the International Monetary Fund (IMF), while export performance continues to improve, strengthening confidence in the country’s economic recovery.
The development follows Pakistan’s decision to return $2 billion to Abu Dhabi by the end of the month — funds that had been held in Pakistan as a safe deposit to support foreign exchange reserves.
