Equity Analysis /
Pakistan

Pakistan Textiles: Highly awaited 2020-25 Textile Policy is close to approval

  • The ECC has reportedly approved the Textile Policy 2020-25, nearly nine months after the PM’s endorsement

  • The Ministry of Commerce projects exports to grow by c.30% yoy in FY22, and by a c.25% CAGR to US$40bn by FY25

  • We prefer the Value-added Textile players, with ILP (TP of PKR115/sh) and GATM (TP of PKR70/sh) as our top picks

Abdul Ghani Mianoor
Intermarket Securities
27 December 2021