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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”. ALSO READ 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.

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.

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.

Another ACE case against Nahras, two patwaris - Newspaper

GUJRANWALA: The Anti-Corruption Establishment (ACE) registered on Wednesday another case against seven people, including PML-N MNA Azhar Qayyum Nahra, former MNA Muddassar Qayyum Nahra, former chairman district council Mazhar Qayyum Nahra and two revenue officials for allegedly grabbing eight kanal state land in Matoo Bhaike. ACE circle officer Rana Nawaz said the Nahra brothers, their front men Attaullah, Sanaullah with the connivance of two patwaris Muhammad Arif and Muhammad Maqsood allegedly grabbed eight kanal state land in Matoo Bhaike village 10 years ago. The land was retrieved some days back. The ACE official a case had been registered against PML-N leaders, their accomplices and both patwaris. He said teams had been formed to arrest the suspects. Former MNA Muddassar Qayyum Nahra has already been arrested in 267 kanal state land grab cases.

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