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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


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