Home / Knowledge / News / Textiles / Amtex targets $250mn through exports
Amtex targets $250mn through exports
18
Feb '10
Amtex Pvt Ltd. has set a target to bring in US $250 million of revenue through exports, informed Mr. Khuram Iftikhar, Chief Executive Officer (CEO) of the company, while addressing a road-show conducted in Lahore. Company's per share price is fixed at Rs.13, while its price under the book value is relatively higher, he added.

He said that the industrial sector of the country is expected to perform well in future, on account of which exports of the country would see escalation. Economy of the country and the stock market would also attain heights in future, expected Mr. Iftikhar.

Textile industry and value-added textile industry of the country have vast export potential that needs to be exploited, he added.

Textile sector has 60 percent share in overall exports of the country, despite terrorist attacks and improper law and orders. Pakistani goods have become 12 to 15 percent cheaper than those of the competitor countries like China and India, after the devaluation of the local currency, he informed.

Further he pointed that the major companies could reap more, if the exporters prefer direct sale. As the exporters deal through middlemen instead of the consumers, their profit margin is very low.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search