The All Pakistan Textile Mills Association (APTMA) has put forward a proposal to deposit a $2 billion support fund with the State Bank of Pakistan (SBP), following Pakistan’s decision to return a previously held deposit to the United Arab Emirates. The initiative is being viewed as a significant gesture from the country’s leading export sector to help reinforce foreign exchange reserves at a time of economic sensitivity.
APTMA Chairman Kamran Arshad emphasized that the textile industry remains committed to standing alongside the government in efforts to stabilize the national economy. He noted that the sector, being a major contributor to exports, understands the urgency of maintaining financial stability and is prepared to play a proactive role in supporting the country during challenging times.
The proposal is expected to be taken up in upcoming discussions with Prime Minister Shehbaz Sharif, as policymakers explore options to manage external financial obligations and sustain economic momentum. If materialized, the move could provide a short-term cushion for reserves while also reflecting growing collaboration between the government and key industrial stakeholders to strengthen Pakistan’s economic outlook and boost export-led growth.
