Lahore: The Board of Directors of Khalid Siraj Textile Mills Limited has presented its Condensed Interim Financial Information for the nine months ending on March 31, 2025. The report, reviewed by auditors, highlighted the challenges faced by the company in maintaining competitiveness in the global textile market.
The future stability of the economy, according to the report, depends largely on political stability, proactive and prudent monetary policy implementation, and access to external financing. For Pakistan's textile sector to remain competitive internationally, ensuring the availability and affordability of energy is crucial. The report pointed out that the industrial electricity tariff in Pakistan is currently higher compared to other textile-exporting countries, which diminishes the competitiveness of local manufacturers.
Yarn imports into Pakistan have increased over the period, leading to lower prices and reduced demand for locally manufactured yarns. The report emphasized the need for a predictable, stable, and compatible energy, taxation, and import policy to enhance business confidence and improve both international and domestic competitiveness. To counter these challenges, Khalid Siraj Textile Mills is exploring new product offerings and collaborations with customers to bolster competitiveness and profitability.
According to information available from the Pakistan Stock Exchange (PSX), the textile sector's performance remains a critical component of the market, influencing the broader economic landscape. The company acknowledged the ongoing support of its stakeholders, particularly its bankers, and expressed gratitude to its employees for their commitment and hard work.
Khalid Siraj Textile Mills continues to navigate a challenging environment, seeking strategies that will position it favorably in the face of rising yarn imports and energy costs. The report underscores the importance of strategic policy adjustments to create a more favorable business climate for the textile industry in Pakistan.