Textile Industry Asks SBP for Easy Access to Money to Stay Market-Competitive

Pakistan’s textile industry has urged the State Bank of Pakistan (SBP) to enhance export refinance facilities, citing rising costs and growing financial pressure on exporters.

In a letter addressed to the SBP governor, the All Pakistan Textile Mills Association (APTMA) said the sector is facing increasing working capital constraints due to higher energy costs, supply chain disruptions, and global uncertainties.

The association highlighted the textile sector’s central role in the economy, contributing around 60 percent of total exports, 8.5 percent to GDP, and 40 percent to manufacturing employment.

It said the sector is a key driver of foreign exchange earnings but is currently under pressure due to both domestic economic challenges and geopolitical developments, particularly in the Middle East.

APTMA emphasized that exporters need timely and adequate access to financing to meet working capital requirements and fulfill export orders. The association called on the central bank to enhance export refinance facilities to help the sector manage ongoing challenges and sustain its growth trajectory.

It added that improved access to financing would strengthen Pakistan’s position in global markets, support higher exports, and contribute to broader economic stability.