KARACHI: Chairman of the All Pakistan Textile Mills Association (APTMA), Kamran Arshad, has stated that the textile industry has proposed an alternative financial arrangement in case the United Arab Emirates (UAE) decides to withdraw its $2 billion support.
Speaking to the media, Kamran Arshad said that leading industrial stakeholders are actively considering the formation of a $2 billion stability fund, which would be deposited with the State Bank of Pakistan to help safeguard the country’s financial position in a challenging scenario.
He emphasized that the business community remains fully aligned with the government’s economic priorities, adding that the textile sector would continue to support measures aimed at maintaining financial stability and avoiding any disruption to the national economy.
“We stand with the government and will not allow any economic setback. Pakistan comes first for us,” he said, underscoring the industry’s commitment to national economic resilience.
The APTMA chairman further noted that, following ongoing peace and economic discussions, representatives of the association plan to meet the Prime Minister to explore a mutually workable solution to the issue. He expressed optimism that constructive dialogue would help address concerns linked to external financial assistance.
Kamran Arshad also highlighted recent macroeconomic developments, stating that Pakistan has successfully met all conditions set by the International Monetary Fund (IMF). He added that export performance has shown improvement in recent months, reflecting gradual recovery in key industrial sectors, particularly textiles.
The textile industry remains one of the largest contributors to Pakistan’s exports and employment, and its leadership continues to play a key role in discussions on economic policy and external financing arrangements.
