25 textile firms contribute 21pc to $25bn exports

Khalid Hasnain Published July 24, 2021

In this file photo, workers operate a machine at a textile factory in Faisalabad. — AFP/File

LAHORE: The top 25 textile companies have alone contributed over $5.361 billion, or 21 per cent, to the country’s overall exports of $25bn in 2020-21.

“It is a matter of great pleasure that the exports of the textile sector alone soared by 19.23pc to $15.5bn in 2020-21 compared to $13bn the preceding year,” Aptma (North Zone) Chairman Abdul Rahim Nasir told Dawn on Friday. “It is really unprecedented,” he added.

According to a list shared by trade bodies, Style Textile (Pvt) Ltd exports remained $428.76 million in 2020-21, followed by Interloop Ltd with $331.54m, Artistic Milliners (Pvt) Ltd $329.63m, Yunus Textile Mills Ltd $311.92m, Nishat Mills Ltd $307.32m, Gul Ahmad Textile Mills Ltd $284.25m, Feroze 1888 Mills Ltd $273.04m, Soorty Enterprises Ltd $268.14m, Artistic Fabric & Garment Industries (Pvt) Ltd-$226.42m, Liberty Mills $216.33m, Masood Textile Mills Ltd $213.05m, Sadaqat Ltd $209.22m, US Apparel & Textiles Ltd $197.50m, Al-Karam Textile Mills Ltd $185.25m, Nishat (Chunian) Ltd $169.70m, Novatex Ltd $167.49m, Lucky Textile Mills Ltd $165.79m, Garibsons Ltd $165.65m, Denim Clothing Company $148.58m, Klash Ltd $139.16m, Sapphire Finishing Mills Ltd $137.35m, Gohar Textile Mills Ltd $126.78m, Kamal Ltd $125.75m, Riaz Textile Mills Ltd $121.09m and Sapphire Fibres Ltd $111.87m.

He said keeping in view the rapid expansion in the textile exports owing to increasing investments, Aptma has decided to take all those textile exports companies making $40m to 50m per annum to achieve the figure of $100m each. “If we succeed in doing so, our textile exports alone may jump from $15.5bn to $25bn in next couple of years,” he added.

He said the outstanding export performance of the textile sector is a very good omen for the country’s economy.

Published in Dawn, July 24th, 2021

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Khalid Hasnain is a Lahore-based reporter for Dawn. His reporting focuses on Pakistan Railways, Lahore’s civic affairs, and the energy and power sector. He can be found on X at @KhalidHasnain10

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asad

Jul 24, 2021 10:06am

Majority of Textile concentrated in Karachi, while other across the province of Punjab, Karachi contributes maximum to the exchequer and yet our establishment, Feudal, Liberals and elite class do not want to give people of Karachi due rights, developments.

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Mansur Ul Haque

Jul 24, 2021 11:44am

My congratulations to these mills that contribute major share in countries textile exports. Hopefully these mills have established research and development center to meet the challenges of future exports. My suggestion to government is that there should be an incentive package to all textile exporters that if they make annual increase in their exports they must be entitled to certain rewards. What could be that reward that must be decided jointly by exporters and government.

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Mansur Ul Haque

Jul 24, 2021 11:46am

Exporters who are major contributors in our exports are our heroes. A museum must be established where where higher exporters of every category must be honored with their names and performance.

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KhanRA

Jul 24, 2021 10:55pm

In 2019 before pandemic, textile exports were $13.5 billion.

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Mohsin Alim Qazi

Jul 24, 2021 11:25pm

The Japanese and Korean model was based on supporting leading companies to further accelerate growth and become world leaders. APTMA should back winners instead of expending energy in bringing up the not so successful

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Jul 25, 2021 05:51pm

Top 25 out of which 14 belongs to karachi with no infrastructure in SITE ,Korangi industrial areas being the oldest and biggest and with no govt public transport.

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