The foreign exchange reserves continued their downward trend and fell to USD 4.38 billion in the week ending May 5, central bank data showed on Thursday.
The report quoted All Pakistan Textile Mills Association (APTMA) Chairman Hamid Zaman as saying that the textile industry will be forced to protest if the government doesn't clear the imported cotton
Amid depleting foreign reserves, currency exchange firms of Pakistan on Saturday offered to pay for resuming the letter of credit facility (LC) for supporting imports as banks step back due to Pakistan's ongoing economic crisis, according to a Geo News report.
Shehbaz Sharif would fly to the UAE on Tuesday along with his Foreign Minister Bilawal Bhutto Zardari where they are expected to be joined by Army Chief General Syed Asim Munir, who is already on a trip to the middle east, sources confirmed to The Express Tribune newspaper on Sunday.