Equity Analysis /
Pakistan

Pakistan Textiles – September 2021: Exports sustain sharp yoy growth

  • Pakistan’s textile exports clocked in at c.US$1.5bn in September 2021, rising a sharp 25% yoy (flat mom)

  • Exports of the value-added segment increased by an average 25% yoy, led by Knitwear (up 30% yoy)

  • We reiterate our Overweight on the sector, where we believe present the momentum will continue throughout FY22

Abdul Ghani Mianoor
Intermarket Securities
18 October 2021