Interloop case study launch is announced by PSX and PBC with a gong ceremony

KARACHI: A gong ceremony at the Pakistan Stock Exchange (PSX) was held to celebrate the introduction of a case study on Interloop Limited by the Pakistan Business Council (PBC), which is an exciting development for local business and industry.

The MD and CEO of Pakistan Stock Exchange, Farrukh H Khan, welcomed the guests at the gong ceremony and said that the case study of Interloop Limited is a great concept to share information on the company's remarkable journey and its transformation into a globally competitive business.

In terms of market capitalization, it is currently the largest textile composite firm on the PSX and the largest private sector IPO in Pakistani history. It would be wise to model Interloop's expansion strategy after its enviable one.

He added that the case study encourages local role models for companies to adopt an organizational culture in their management practices to achieve the height of success through sustainable & responsible activities. "We are proud to have Interloop as one of the leading companies listed on PSX," he said. It results from them appreciating their human resources.

Speaking at the event, the CEO of Pakistan Business Council (PBC), Ehsan Malik, explained that the PBC, through its Center of Excellence in Responsible Business, engages in documenting best practices of its members and showcasing success to support the development of businesses outside of its membership's capacity and capability for value creation. The benefit achieved from Interloop's emphasis on organizational culture is also captured in this case study, he continued.

The CEO of Interloop Limited, Navid Fazil, stated that God has been exceedingly gracious in allowing Interloop to reach this point. "Our goal has been to fulfill client promises since day one. While we used cutting-edge technology and adopted world-class procedures to achieve this, investing in our people was unquestionably the most crucial step.

A dedicated staff who considers Interloop to be like a family and would go above and beyond for it has been produced as a result of our efforts to build an inclusive culture and uphold our commitment to being an agent of good change. This has been crucial to our success, he continued.

Senior management from PBC members Interloop Limited and PSX, as well as other representatives from Pakistani business and industry, attended the gong ceremony.