How Capitalism Didn’t Just Grow with Technology — It Rewired Us to Live Inside It
April 13, 2026
Author Info
APTMA has offered to deposit $2 billion with SBP to support Pakistan’s finances following UAE’s withdrawal.
All Pakistan Textile Mills Association (APTMA) has announced that its members are considering depositing $2 billion with the State Bank of Pakistan (SBP) to support the country’s financial stability.
The proposal comes after Pakistan decided to return a $2 billion deposit, along with interest, to the United Arab Emirates, which had been held with the central bank.
APTMA Chairman Kamran Arshad said the textile industry stands firmly with the government and is committed to preventing any financial strain during the transition. He added that the association plans to meet Shehbaz Sharif to discuss a formal mechanism for the proposed support.
He also highlighted that Pakistan has met key conditions set by the International Monetary Fund and that exports are showing strong growth, improving the country’s economic outlook.
The move reflects the textile sector’s willingness to play a stabilising role in the economy amid evolving financial dynamics.
