Islamabad: The All Pakistan Textile Mills Association (APTAMA) has requested a loan from the United States for the damage caused by the recent rains and floods.
According to sources , a letter has been written by Aptma to the US Ambassador to Pakistan, Donald Bloom, in which it is said that the US should provide two billion dollar loan to Pakistan for cotton import, the production of cotton in Pakistan is at the lowest level in history. reached, Pakistan lost 5 million bales annually due to rains and floods.
Aptama has said that due to the destruction of floods and rains, the loss of cotton crop alone was 2 billion dollars. Between June and October 2022, 1 thousand 739 people died in Pakistan due to floods. Due to recent floods, Pakistan lost 15.2 There was economic loss of billion dollars.
He said that the textile sector is facing serious problems due to the extremely low production of local cotton. Pakistan needs to import 10 million cotton bales for this season. Millions of jobs will be saved with the amount of American loan. , the loan will improve Pakistan’s balance of payments.
