Pakistan, April 25 -- Amid the US-Iran War and the closure of Hormuz, the aftershocks of escalating oil prices are being witnessed in the already-crawling textile industry of Pakistan. The supply chain has been disrupted and the skyrocketing energy prices have even worsened the situation, resulting in the problems of liquidity.

Kamran Arshad, the Chairman of All Pakistan Textile Mills Association (APTMA) has wrote a letter to the State Bank of Pakistan (SBP) Governor Jameel Ahmad, requesting for the enhancement of export refinance facilities. He stated, that the textile sector is currently faced with the growing working capital constraints arising from elevated energy costs, supply chain disruptions, and uncertainties linked

to the evol...