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Market to remain range-bound owing to country's precarious political situation

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Faryal Sadiq features in 'We Rise' June 29, 2021 KARACHI: The Pakistan Business Council (PBC) member Interloop Limited’s VP Marketing Faryal Sadiq was featured among nine trailblazing women in International Finance Corporation’s “We Rise” video, a statement said on Monday. The PBC’s Centre of Excellence in Responsible Business (CERB) collaborates with the World Bank’s IFC on promoting gender balance in Pakistan. “This is an important facet of the work we do to promote the UN Sustainable Development Goals,” the statement said. “Interloop (and Faryal) are regular contributor...

Interloop Limited plans $300mln investment in textile production Business May 7, 2021 KARACHI: Textile company Interloop Limited (ILP) has planned to invest $300 million to expand its production capacity and install apparel factory to capture the pent-up demand in foreign markets. “The management is targeting to double its revenues by FY26. We are modelling revenue growth of 46 percent over the next three years and earnings growth of 41 percent,” Muhammad Maqsood, president/group chief financial officer of Interloop said at a briefing organised by KASB Securities. ILP is Pakistan’s le...

Interloop Plans to Invest $300 Million in Local Textile Production Interloop Limited (ILP), a local textile giant, plans to expand its production capacity while installing an apparel factory by investing a little north of $300 million in its production line. In this regard, its President and Group Chief Financial Officer, Muhammad Maqsood at a briefing organized by KASB Securities said that under his management, Interloop Limited “is targeting to double its revenues by FY26. We are modeling revenue growth of 46% over the next 3 years and earnings growth of 41 percent”. ALSO READ As Pakist...