Interloop approves Rs6.5 billion investment plan

Additional capital expenditure will fund capacity expansion and modernisation, while company reappoints Musadaq Zulqarnain as chairperson and Navid Fazil as CEO Interloop Limited has approved an additional investment of Rs6.5 billion to expand production capacity and modernise manufacturing facilities across its apparel and hosiery businesses, according to a disclosure submitted to the Pakistan Stock Exchange (PSX). The company's board of directors approved the additional capital expenditure (CAPEX) and balancing, modernisation and replacement (BMR) budget at a meeting held in Khurrianwala, Faisalabad, on October 22, 2026. The investment will be directed towards expanding production capabilities, upgrading existing facilities and increasing manufacturing capacity in the company's apparel and hosiery segments. According to the disclosure, the approved expenditure forms part of Interloop's growth strategy and is intended to improve operational efficiency, support future business expansion and strengthen its ability to meet changing customer requirements. The company did not provide a segment-wise breakdown of the Rs6.5 billion allocation or specify a timeline for completing the planned investments. In a separate regulatory filing, Interloop announced the reappointment of Musadaq Zulqarnain as chairperson and Navid Fazil as chief executive officer, effective October 22, 2026. The appointments followed the election of the company's directors on October 14, 2026. Interloop plans $55 million dairy investment Separately, Interloop Holdings plans to invest $55 million, approximately Rs15 billion, in a dairy processing facility in Faisalabad in partnership with Türkiye's Rella Gıda, with commercial production expected to begin within 18 months. The investment will be undertaken through the newly incorporated IL Foods Limited, which will manufacture cheese, butter and Whey Protein Concentrate (WPC80). Interloop Holdings Chairman Musadaq Zulqarnain announced the project on social media platform X on Thursday, saying the new facility would increase the group's combined annual milk processing capacity to 180 million litres. The project is also intended to develop export markets, reduce dependence on imported dairy products and introduce modern processing technology to Pakistan's dairy industry.