 The global home textile market is one of the most profitable business segments in the global textile

industry and is expected to grow at a CAGR of 5.5% for the period of 2018-2024.
 Asian Countries are the Major Suppliers of Home Textiles Globally

As of 2019, the prominent suppliers, such as China, India, Turkey, Pakistan, Belgium, Germany,
Netherlands, the United States, Portugal, and Poland, held 80% share among global major suppliers. China
has the maximum share of 39% with USD 18 billion, followed by India (11%) with USD 5 billion. Poland has
emerged as a supplier of home textiles during 2011-2016, with a growth rate of 4.6% but at small base
value. However, China has remained almost stagnant with a growth rate of 0.2%, while countries, such as
the United States, Belgium, and Germany, have a negative growth rate.
 Cotton production declined by 17.5%
 Textile export increased by 1.4% to US$ 13.56 billion in FY 2018- 19 with knitwear/ bed wear and
readymade garments export increased by 4.67% and 3.63% respectively
 OUTLOOK: The Chinese investors recognizing Pakistan’s potential as the world’s fourth largest cotton
producer have signed a cooperation framework agreement with government of Punjab with keen interest
in developing business in the textile sector of Punjab that may change the textile landscape of the
country.
 GATM has contributed approximately 10% in the bed wear exports of the country.
 The Board of Directors of the Company in its meeting held on October 1, 2019 has proposed the
following: a) Dividend Pay cash dividend @ Rs. 2.50 per share i.e. 25% for the year ended June 30, 2019.
b) Bonus Shares Issuance of bonus shares in the proportion of “one” share for every “five” shares held i.e.
20%.
 During the year there was no change in paid-up capital, however, overall shareholders’ equity increased
by Rs. 2,712 million to Rs. 15,333 million
 GATM Rs. 492 million (2018: Rs. 470 million) cash in hand
 Four main areas of financial health that should be examined are liquidity, solvency,
profitability and operating efficiency.
 Pakistan has to import over 4.5 million cotton bales that would cost around $1.5 billion
 Currently, the customs duty, additional custom duty, sales tax and income tax have been
imposed @ 3 percent, 2 percent, 5 percent and one percent respectively on the import of
cotton.
 Pakistan has produced around 10 million bales of cotton on average for the last several years
against consumption of over 14 million bales
 Additionally, 1 to 1.5 million bales Extra Long Staple (ELS) cotton per annum is also imported, as
this quality is not produced in the country.
 Cotton was sown on 2.658 million hectares against the target of 2.785 million hectares. Sources
said that due to an increase in sugarcane cultivation in cotton areas, delay in harvest of wheat
and shortage of water, there was a decline in cotton sowing
 According to All Pakistan Textile Mills Association (APTMA) short fall of 33 percent in cotton
production translates to a drop of 2 percent in GDP as well as the requirement of importing of
around 5 million bales thereby increasing the import bill very substantially. The expected quality
of cotton is also much worse than last year.
 Pakistan Imports of Cotton was US$1.24 Billion during 2018, according to the United
Nations COMTRADE database on international trade


Home Textiles
 Sheets and Pillowcases
 Comforters
 Quilt/Duvet covers
 Bed-in-a-Bag
 Decorative pillows
 Curtains
 Upholstery fabrics