Home Business 25 textile companies contribute 21computer to $25bn exports

25 textile companies contribute 21computer to $25bn exports

by News Updater

LAHORE: The highest 25 textile firms have alone contributed over $5.361 billion, or 21 per cent, to the nation’s general 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 informed Daybreak on Friday. “It is really unprecedented,” he added.

In response to a listing shared by commerce our bodies, Model Textile (Pvt) Ltd exports remained $428.76 million in 2020-21, adopted by Interloop Ltd with $331.54m, Inventive 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, Inventive Material & Garment Industries (Pvt) Ltd-$226.42m, Liberty Mills $216.33m, Masood Textile Mills Ltd $213.05m, Sadaqat Ltd $209.22m, US Attire & Textiles Ltd $197.50m, Al-Karam Textile Mills Ltd $185.25m, Nishat (Chunian) Ltd $169.70m, Novatex Ltd $167.49m, Fortunate Textile Mills Ltd $165.79m, Garibsons Ltd $165.65m, Denim Clothes Firm $148.58m, Klash Ltd $139.16m, Sapphire Ending 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 mentioned preserving in view the speedy enlargement within the textile exports owing to rising investments, Aptma has determined to take all these textile exports firms making $40m to 50m each year to realize the determine of $100m every. “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 mentioned the excellent export efficiency of the textile sector is an excellent omen for the nation’s financial system.

Revealed in Daybreak, July 24th, 2021

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