Equity Analysis /

Pakistan Textiles: Exports witness highest slump since Feb’21; headwinds in FY23

  • Latest Textile exports print of USD1.48bn indicates a slowdown in growth to a mere 1% YoY, lowest growth since Feb’21

  • Production constraints owed to curtailment of gas, Eid holidays and monsoon led to the dismal exports performance

  • We have an Overweight stance on the sector, preferring ILP (TP PKR109/sh) and GATM (TP PKR61/sh) as our top picks

Abdul Ghani Mianoor
Intermarket Securities
17 August 2022


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