<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In FY23, textile exports clocked in at US$16.5bn vs.
US$19.3bn in SPLY. However, GoP was eyeing to fetch textile exports of US$25bn
which were dampened by prevailing global and domestic challenges resulting in
decline of 15% YoY. However, ILP’s dollarized revenue was down by only 7% YoY,
performing better than the sector. Moreover, looking at a broader horizon
country’s textile exports have grown at a 5-Year CAGR of 4% while, ILP’s
dollarized revenue outperformed the sector posting a 5-Year CAGR of 10%. To
highlight, in FY23, company posted topline PKR119.2bn growing at 5-Year CAGR of
31% in PKR terms.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We reiterate ‘BUY&rsquo...
