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Lahore [Pakistan], October 25, (ANI): Amid the ongoing inflation in Pakistan, All Pakistan Textile Mills Association has demanded a reduction in interest rates to enhance textile exports. According to ARY News, Kamran Arshad Chairperson of APTMA has called for a 400 basis point reduction in interest rates to enhance textile exports. He emphasized that the current effective interest rate of 10.6 per cent is detrimental to the industry’s growth. Arshad pointed out that despite inflation dropping to 6.9 per cent, the interest rate remains at 17.5 per cent, posing serious challenges for the sector…

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