ANALYSIS OF FINANCIAL STATEMENT: TEXTILE INDUSTRY OF PAKISTAN

Abstract

Today, Pakistan and it exports around 55% out oftotal export ofPakistan. The textile sector ofPakistan extensive range of economic activities including employment generationfor both rural and urban sector. In thisproject,first we analyzed thefinancialperformance ofPakistan textile industry on the basis ofthree topplayers such as Gul Ahmed Textile Mills Limited, Nishat Mills Limited and Kohinoor Textile Mills Limited by usingfourtypes offinancial indicators (Liquidity covers an Ratio, Profitability ratio, Activity Ratio and Investment Ratio). Second, we make comparison between thefinancialperformances ofthree topplayers ofPakistan s textile industryforthe ofevaluating theirperformance individually by using horizontal and vertical analysis of financialstatements. Third is to interpret that which company is contributing more in the growth oftextile sector and how much every year growth ofPakistan’s textile industry increase or decrease on average. Fourth is to give recommendations or any solutions related to how to enhance the growth or how to improve thefinancialperformance ofPakistan's textile industry.