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Interloop Limited plans $300mln investment in textile production


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 leading textile player, has an immense growth potential as it has continuously expanded and diversified its product line. Nearly 90 percent of its revenue comes from exports where major customers in the hosiery segment include Nike, Target, Puma and Adidas. ....

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Interloop Plans to Invest $300 Million in Local Textile Production


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”.
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As Pakistan’s leading textile contender, ILP generates nearly 90 percent of its revenue from exports and is showing signs of massive growth as it progresses with its diverse product line. ....

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Shehbaz Sharif, Hamza Shahbaz appear before NAB court in money laundering case


Shehbaz Sharif, Hamza Shahbaz appear before NAB court in money laundering case
  Published On
Strict security arrangements have been taken on the occasion to avoid any untoward incident.
LAHORE (Dunya News) – Pakistan Muslim League-Nawaz (PML-N) president and opposition leader in National Assembly (NA) Shehbaz Sharif and his son Hamza Shahbaz on Wednesday have appeared before accountability court in money laundering case.
During the proceedings, the accountability court has also ordered to include three personal doctors of Shehbaz Sharif in his medical board. 
Earlier, the court had recorded the statement of Muhammad Maqsood, a witness from the chief minister’s office. ....

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Court records statement of witness in money laundering case as Shehbaz, Hamza appear


Court records statement of witness in money laundering case as Shehbaz, Hamza appear
  Published On
The court recorded statement of Muhammad Maqsood, a witness from the chief minister s office.
LAHORE (Dunya News) – Shehbaz Sharif and Hamza Shahbaz, Leaders of the Opposition in the National Assembly and the Punjab Assembly respectively, appeared before an accountability court in Lahore in the money laundering case against Shehbaz’s family.
The court recorded statement of Muhammad Maqsood, a witness from the chief minister’s office. A large number of Pakistan Muslim League-Nawaz (PML-N) workers and heavy contingents of police were present outside the court. ....

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