Pakistan Textiles: Sector update Nov'17
Sustaining its upward momentum, Pakistan's total exports during Nov'17 registered an encouraging growth of 12.35%YoY/4.56%MoM to stand at US$1.97bn where both textile (up 7.45%YoY) and food exports (up 22.19%YoY) witnessed an upward trend. A likely impact of increase in final product prices, textile exports maintained its recovering trend in Nov'17, rising 7.45%YoY to reach US$1.12bn. Segment wise, value added-segment once again led the exports growth, up 11.6%YoY to reach US$826mn, while low value-added segment remained under pressure, declining 2.6%YoY to US$264mn. On a cumulative basis, textile exports during 5MFY18 increased 7.6%YoY to reach US$5.51bn largely supported by recovery in final product prices. Going forward, we expect textile exports to grow by 7.5% in FY18, where recent rupee depreciation coupled with approval of 50% unconditional export subsidy are expected to drive exports growth.
Nishat Mills is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fiber and cloth, and to generate, accumulated, distribute and supply electricity.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
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