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,
Similarly, non-markup/interest income increased to Rs2.53bn as against Rs2bn during 1QCY20 showing an increase of 27pc.
TRG Pakistan PAT surges
TRG Pakistan Ltd announced that its PAT soared to Rs2.8bn during 1QCY21 compared to Rs690,000 in 1QCY20. The PAT in 9MFY21 also posted a massive growth to Rs7.2bn from Rs19m in the same period last year.
Earnings of Nishat Chunian up 150pc
Nishat Chunian Ltd reported its PAT increased 150pc to Rs2.5bn during 1QCY21 from Rs1bn in the same period 2020. In 9MFY21 its profit swelled to Rs5.3bn from Rs3.2bn in the same period last year.