Interloop Limited (PSX: ILP) has become one of the largest exporters of Pakistan after recording $530 million in total exports during financial year 2023-24.
“Thank you everyone who has congregated/appreciated Interloop’s export performance during FY24. While export value for Interloop appears to be correct, I am not sure about the authenticity of correctness of the list being circulated and Interloop’s position. In my view positions are not important. What is important is that by the grace of God and the efforts of our dedicated team, Interloop’s exports grew by over 25% and we were able to bring higher foreign exchange for Pakistan, ” Co-founder ILP Musadaq Zulqurnain wrote on X.
Coming in second, Style Textile (Pvt.) Limited reported exports valued at $487.7 million. Artistic Milliners (Pvt.) Limited secured third place with $376.7 million in exports. Gul Ahmed Textile Mills Limited posted exports worth $372.3 million, coming in at fourth.
Soorty Enterprises (Pvt.) Limited recorded $358.3 million in exports, earning the fifth spot. Nishat Mills Limited came in at 6th with $350.1 million in exports.
Here’s the full list:
| Company | Value in PKR | Total Exports for FY24 (in PKR) | Total Exports for FY24 (in US$) | |
| 1 | INTERLOOP LIMITED | 49,082,286,443 | 147,246,859,328 | 529,664,962 |
| 2 | STYLE TEXTILE (PVT.) LIMITED | 45,187,035,168 | 135,561,105,504 | 487,629,876 |
| 3 | ARTISTIC MILLINERS (PRIVATE) LIMITED | 34,906,792,370 | 104,720,377,111 | 376,692,004 |
| 4 | GUL AHMED TEXTILE MILLS LIMITED | 34,552,593,005 | 103,657,779,016 | 372,869,709 |
| 5 | SOORTY ENTERPRISES (PRIVATE) LIMITED | 33,198,784,538 | 99,596,353,613 | 358,260,265 |
| 6 | NISHAT MILLS LIMITED | 32,623,863,245 | 97,871,589,736 | 352,056,078 |
| 7 | FEROZE1888 MILLS LIMITED | 23,971,026,651 | 71,913,079,952 | 258,680,144 |
| 8 | YUNUS TEXTILE MILLS LIMITED | 23,018,217,193 | 69,054,651,580 | 248,398,027 |
| 9 | ARTISTIC GARMENT INDUSTRIES (AGI DENIM) (PRIVATE) LIMITED | 21,680,809,308 | 65,042,427,923 | 233,965,568 |
| 10 | U.S APPAREL & TEXTILES (PRIVATE) LIMITED | 20,851,493,108 | 62,554,479,323 | 225,016,113 |
| 11 | LIBERTY MILLS LIMITED | 19,758,016,721 | 59,274,050,163 | 213,216,008 |
| 12 | UTOPIA INDUSTRIES (PRIVATE) LIMITED | 15,705,424,359 | 47,116,273,076 | 169,482,997 |
| 13 | AL KARAM TEXTILE MILLS (PRIVATE) LIMITED | 15,575,431,190 | 46,726,293,569 | 168,080,193 |
| 14 | SAPPHIRE FINISHING MILLS LIMITED | 15,270,696,167 | 45,812,088,501 | 164,791,685 |
| 15 | LUCKY TEXTILE MILLS LIMITED | 14,098,365,803 | 42,295,097,408 | 152,140,638 |
| 16 | KLASH PVT LTD | 13,961,682,242 | 41,885,046,725 | 150,665,636 |
| 17 | MASOOD TEXTILE MILLS LIMITED | 13,949,928,730 | 41,849,786,189 | 150,538,799 |
| 18 | SAPPHIRE TEXTILE MILLS LIMITED | 12,338,581,263 | 37,015,743,789 | 133,150,158 |
| 19 | NISHAT (CHUNIAN) LIMITED | 12,062,295,108 | 36,186,885,323 | 130,168,652 |
| 20 | FAISAL SPINNING MILLS LTD. | 11,811,722,701 | 35,435,168,104 | 127,464,633 |
| 21 | KAMAL LIMITED | 11,229,267,470 | 33,687,802,409 | 121,179,145 |
| 22 | RIAZ TEXTILE MILLS (PRIVATE) LIMITED | 11,046,125,446 | 33,138,376,339 | 119,202,793 |
| 23 | DIAMOND FABRICS LIMITED | 10,737,285,670 | 32,211,857,009 | 115,869,989 |
| 24 | SADAQAT LIMITED. | 10,732,739,931 | 32,198,219,792 | 115,820,935 |
| 25 | UNITED TOWEL EXPORTERS PRIVATE LIMITED | 10,702,976,380 | 32,108,929,141 | 115,499,745 |
| 26 | GOHAR TEXTILE MILLS (PVT) LTD | 10,363,559,212 | 31,090,677,637 | 111,836,970 |
| 27 | AL KARAM TOWEL INDUSTRIES (PVT) LTD | 9,982,843,577 | 29,948,530,731 | 107,728,528 |
| 28 | CRESCENT BAHUMAN LIMITED | 9,578,288,807 | 28,734,866,421 | 103,362,829 |
| 29 | AZGARD NINE LIMITED | 9,492,176,012 | 28,476,528,035 | 102,433,554 |
| 30 | ARTISTIC FABRIC MILLS (PRIVATE) LIMITED | 9,372,663,444 | 28,117,990,333 | 101,143,850 |
| 31 | SAPPHIRE FIBRES LIMITED | 9,027,116,544 | 27,081,349,631 | 97,414,927 |
| 32 | AL RAHIM TEXTILE INDUSTRIES LIMITED | 8,593,176,209 | 25,779,528,628 | 92,732,117 |
| 33 | MAHMOOD TEXTILE MILLS LIMITED | 8,325,056,150 | 24,975,168,451 | 89,838,735 |
| 34 | J.K. SPINNING MILLS LIMITED | 8,081,386,421 | 24,244,159,264 | 87,209,206 |
| 35 | ALI MURTAZA ASSOCIATES (PRIVATE) LIMITED | 7,991,447,280 | 23,974,341,840 | 86,238,640 |
| 36 | SIDDIQSONS LIMITED | 7,852,449,316 | 23,557,347,947 | 84,738,662 |
| 37 | AKHTAR TEXTILE INDUSTRIES (PVT) LTD | 7,516,485,904 | 22,549,457,712 | 81,113,157 |
| 38 | BEACON IMPEX (PRIVATE) LIMITED | 7,460,915,720 | 22,382,747,160 | 80,513,479 |
| 39 | MASTER TEXTILE MILLS LIMITED | 7,158,565,993 | 21,475,697,978 | 77,250,712 |
| 40 | PROLINE (PRIVATE) LIMITED | 6,514,537,419 | 19,543,612,257 | 70,300,764 |
| 41 | SARENA TEXTILE INDUSTRIES (PRIVATE) LIMITED | 6,499,035,087 | 19,497,105,260 | 70,133,472 |
| 42 | RAJBY INDUSTRIES | 6,481,011,194 | 19,443,033,583 | 69,938,970 |
| 43 | AHMED FINE TEXTILE MILLS LIMITED | 6,330,348,125 | 18,991,044,374 | 68,313,109 |
| 44 | KOHINOOR TEXTILE MILLS LIMITED | 6,318,359,119 | 18,955,077,358 | 68,183,732 |
| 45 | M.K. SONS (PVT) LIMITED | 6,102,591,108 | 18,307,773,324 | 65,855,300 |
| 46 | COTTON WEB LIMITED | 6,021,167,510 | 18,063,502,530 | 64,976,628 |
| 47 | AFROZE TEXTILE INDUSTRIES PRIVATE LIMITED | 5,921,562,111 | 17,764,686,333 | 63,901,749 |
| 48 | ARSHAD CORPORATION (PRIVATE) LIMITED | 5,904,771,190 | 17,714,313,571 | 63,720,552 |
| 49 | BELETXCO LIMITED | 5,837,808,742 | 17,513,426,227 | 62,997,936 |
| 50 | INDUS HOME LIMITED | 5,626,881,129 | 16,880,643,387 | 60,721,739 |
| 51 | KAY & EMMS (PVT) LTD | 5,534,375,976 | 16,603,127,929 | 59,723,482 |
| 52 | ARTISTIC DENIM MILLS LIMITED | 5,443,567,989 | 16,330,703,967 | 58,743,539 |
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numbers are inaccurate
If we put together 3 Artistic Mills together then its way ahead of Interloop!
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July 2023 ~ June 2024
TRADE DEFICIT
Export 30.645 Billion Dollar
Import 54.734 Billion Dollar
Deficit USD 24.089
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