Interloop approves Rs6.5 billion investment to expand apparel, hosiery production

Interloop Limited has authorised Rs6.5 billion in additional capital spending for its apparel and hosiery operations, according to a filing with the Pakistan Stock Exchange. Directors approved the funding at a meeting in Khurrianwala, Faisalabad, on October 22, 2026, to increase output and upgrade manufacturing equipment. The company did not disclose how the amount will be divided between the two businesses or when the work will be completed.

Interloop said the spending is intended to improve efficiency and support expansion as customer needs change. In separate filings, it confirmed Musadaq Zulqarnain’s return as chairperson and Navid Fazil’s reappointment as chief executive officer, both effective October 22, following the October 14 director election. Separately, Interloop Holdings plans a $55 million, approximately Rs15 billion, dairy plant in Faisalabad with Türkiye’s Rella Gıda; commercial production is expected within 18 months, and the facility is intended to process cheese, butter and WPC80.