APTMA, EXIM Bank Discuss Soft Financing to Boost Textile Exports

The All Pakistan Textile Mills Association (APTMA) and Export-Import (EXIM) Bank of Pakistan met to explore soft financing for new textile projects and the Balancing, Modernisation and Replacement (BMR) of existing plants. EXIM Bank offered concessionary interest rates and assured quick processing for loan applications, aiming to enhance the competitiveness and capacity of the textile sector. As textiles contribute over 60% of Pakistan's exports, this initiative seeks to significantly boost foreign exchange earnings. Sustained growth in exports could strengthen Pakistan's foreign exchange reserves, potentially easing pressure on the PKR against the USD in the long term.

بحوالہ / Source: www.brecorder.com