Equity Analysis /

Pakistan Textiles: Sales volume update

  • Pakistan’s textile exports in May’22 grew by a handsome 55% yoy (down 6% mom) to US$1.6bn

  • Exports of the value-added segment surged by an average 56% yoy; imports rose by 20% yoy to c.US$0.4bn

  • 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 June 2022


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