Industrialists under the All Pakistan Textile Mills Association (Aptma) are considering depositing a $2 billion fund with the State Bank of Pakistan. The proposal comes amid financial adjustments following Pakistan’s decision to return funds to the United Arab Emirates. The move is seen as a potential liquidity support measure for the economy.
Aptma Chairman Kamran Arshad said the textile sector stands with the government during ongoing economic challenges. He said the industry will not allow any disruption in financial stability. His remarks came during a statement issued from Lahore.
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He added that discussions will be held with the prime minister after ongoing negotiations to finalize a workable solution. He emphasized that the industry prioritizes national economic stability. He also reiterated the slogan of “Pakistan first” in support of policy continuity.
Meanwhile, Pakistan has decided to return $2 billion to the United Arab Emirates as part of financial arrangements. The amount was previously held in Pakistan as a safe deposit. Officials confirmed that repayment will be completed by the end of the month.
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Industry representatives said Pakistan has already met key IMF conditions and export performance is improving. They expressed confidence that economic indicators are moving in a positive direction. Further discussions are expected between stakeholders and the government.