Equity Analysis /
Pakistan

Pakistan Textiles: Oct'21 – Exports surge amid shipping of Winter holiday orders

  • Pakistan’s textile exports surged to c.US$1.6bn in October 2021- the second highest level since June 2021- up c.25% yoy

  • Exports of the value-added segment increased by an average 25% yoy, led by Knitwear (up 40% yoy)

  • We reiterate our Overweight stance on the sector, due to strong order flows throughout FY21 and healthy margins

Abdul Ghani Mianoor
Intermarket Securities
16 November 2021