Equity Analysis /
Pakistan

Pakistan Textiles – June 2022: Record FY22 but headwinds loom

  • Pakistan’s textile exports reached USD1.7bn during Jun’22, taking FY22 textile exports to a record high of USD19.3bn

  • Exports of the value-added segment rose 8% YoY, led by the Knitwear and Garments segments. Textile imports rose 15% YoY

  • 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
20 July 2022

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