News Snapshot:
To meet the increased demand, Pakistan’s company Interloop Limited aims to invest $300 million in expanding its production capacity and establishing an apparel factory. “By FY26, the management hopes to have doubled the company’s sales.” Over the next three years, we expect revenue growth of 46 percent and profits growth of 41 percent,” stated Muhammad Maqsood, Interloop’s President/Group CFO. ILP, Pakistan’s largest textile company, has enormous development potential as a result of its continual expansion and diversification of its product range. Nike, Target, Puma, and Adidas are among the company’s biggest customers in the hosiery category, accounting for over 90%...
