Pakistan Textile And Textile Profitability Increased 4 Times

Industry analysts pointed out that sales and profits in the 13 fiscal year were Pakistan. Spin This trend will continue in the 14 fiscal year, one of the best years in the industry.

Analysts added that the share price of Listed Companies in fiscal year 13 exceeded 100%, and the market value exceeded 250 million rupees, which also reflected this trend. Although the energy crisis is constantly affecting the development of the textile industry, especially in winter, the profits of the sample enterprises mainly come from stable cotton prices and solid regional demand. Afzal of Topline Research Institute (ZeeshanAfzal) said.

In addition, he said that the continued depreciation of the rupee and lower financing costs also increased corporate profits.

According to Afzal, the textile industry is quite good in the 13 fiscal year, because the price of cotton is stable. In addition, the demand for yarn and grey fabric in China is strong, and the profits of the textile industry are improved.

In the 13 fiscal year, Pakistan's exports of US $13 billion of textiles increased by 5.9% compared to the same period in the year of the rupee, which increased by 14.7% compared with the same period in the US dollar.

To a large extent, export growth owes to China, and China encourages textiles to import more yarns and grey fabrics, he said.

Textile profitability increased 4 times

Because of these factors, the profitability of textile Sample Firms has increased by four times to 22 billion 800 million rupees, compared to 4 billion 400 million rupees last year.

The analyst expects that textile exports will continue to grow in the 2014 fiscal year as China continues to demand textiles and expects the rupee to depreciate by 7%.

"Although much depends on international cotton prices, we believe that there will be no major fluctuations in cotton prices in the 14 fiscal year," he added. The cotton crop Assessment Commission estimates that in the 14 fiscal year, Pakistan's cotton output was 13 million 250 thousand packs, slightly better than the 13 million package in fiscal 13.

He added that in addition, the EU's GSP plus status and the expected improvement in the energy environment could provide support for the 14 fiscal year.