Governance

Interloop Limited is the largest listed apparel company on the Pakistan Stock Exchange (PSX). Our governance structure includes our shareholders, the board of directors, and executive management. We operate under the guiding principles of Environmental, Social, and Governance (ESG), ensuring transparency and accountability in everything we do.

Board of Directors

Musadaq Zulqarnain

Chairperson / Non-Executive Director

Navid Fazil

Chief Executive Officer / Executive Director

Muhammad Maqsood

Executive Director

Farwa Hasnain

Independent Director

Fatima Asad Khan

Independent Director

Romana Abdullah

Independent Director

Tariq Iqbal Khan

Independent Director

Faryal Sadiq

Executive Director

Jahan Zeb Khan Banth

Non-Executive Director

Executive Management

Navid Fazil

Chief Executive Officer

Azhar Sadiq

Chief Operating Officer

Sheraz Kashif

Chief Procurement Officer

Muhammad Maqsood

Group Chief Financial Officer

Faryal Sadiq

Chief Marketing Officer

Feroze Ahmed

Chief Strategy & Transformation Officer

Saira Taimur Khan

Chief Human Resource Officer

Yaqub Ahsan

Chief Information Officer

Aqeel Ahmed

President Apparel & Activewear

Masooma Zaidi

Vice President Sales & Merchandising

Zain Sadiq

Vice President Hosiery Operations

Musadaq Zulqarnain

Chairperson / Non-Executive Director

Musadaq Zulqarnain is the Chairperson of Interloop Limited, Interloop Holdings & its subsidiaries. He also serves on the boards of Karandaaz; a not-for-profit organization promoting financial inclusion and The Citizens Foundation (TCF); the largest not-for-profit organization providing education to underprivileged children in Pakistan. He is also the President of Interloop Welfare Trust and Chairperson of Lyallpur Literary Council.

In recognition of his contributions towards generating employment opportunities and his philanthropic endeavors for the well-being of society, the Government of Pakistan has conferred upon him one of the highest civilian awards; Tamgha-e-Imtiaz.

Through his vision and commitment, he has successfully led Interloop over the last 32 years to become one of the world’s largest hosiery manufacturers and a full family clothing supplier, the largest listed apparel company on Pakistan Stock Exchange, and the only textile company from Pakistan on the main Morgan Stanley Frontier Market Index (MSCI). Besides the flagship company of the group, Musadaq has established 21 organizations in Pakistan and abroad covering Logistics, Dairy and Dairy products, Packaging, Apparel, Health Care, IT & Public Service. Musadaq has training in Mechanical Engineering and an Honorary Doctorate from the University of Engineering and Technology, Lahore, Pakistan.

A social development enthusiast and philanthropist, Musadaq is actively engaged in nurturing the youth of Pakistan through education, women empowerment, sports, and cultural & literary activities. He has always been at the forefront in providing free health care for poor patients, and relief activities during natural disasters including the Pandemic and floods.

Navid Fazil

Chief Executive Officer / Executive Director

Navid Fazil, a Founding Director and CEO of Interloop Limited, enjoys over three decades’ experience as an entrepreneur and has played a key role in developing Interloop Limited as one of the world’s largest Hosiery manufacturers, one of the top exporters of Pakistan, and a Full Family Clothing supplier to leading international brands and retailers. His strategic vision and leadership have positioned Interloop as a key player in the global textile market, contributing significantly to Pakistan’s economic development. Navid also serves on the Boards of Texlan Center (Pvt.) Limited and Interloop Holdings (Pvt.) Limited, and is the Vice President of Interloop Welfare Trust, engaged in numerous philanthropic activities across the country.

An electrical engineer by training and a Masters in Management from Oxford, Navid puts great emphasis on lean manufacturing, research & innovation, sustainability and workers’ well-being, setting high standards for ethical business practices within the industry.

A strong supporter of diversity, equity & inclusion, Navid is actively involved in many social responsibility programs and is part of the global Champions of Change Coalition; nurturing gender equality, women leadership, and respectful and inclusive workplaces.

Aligned with his passion for protecting the environment for future generations, Interloop has become Pakistan’s First Large Scale manufacturing organization to have its emission reduction targets approved by the Science Based Targets Initiative. Navid is also an avid farmer, and keenly follows developments in regenerative agriculture worldwide.

Muhammad Maqsood

Executive Director

Muhammad Maqsood is an Executive Director on the Board of Interloop Limited. He is also a member of the Boards of Interloop Holdings (Pvt.) Limited, Interloop Dairies, Texlan Center (Pvt.) Limited, Interloop Assets Management Limited, and Interloop Welfare Trust. With an overall experience of 30 years, Maqsood’s association with Interloop spans 22 years. He is also performing his duties as the Group CFO.

His current responsibility portfolio includes Group finances, Budgeting, financial reporting, and taxation matters of the group. Maqsood is a fellow member of the Institute of Chartered Accountants of Pakistan, Associate member of the Institute of Chartered Accountant of England & Wales, Fellow member of the Institute of Financial Accountants, UK, and the Institute of Public Accountants Australia. He got trained at INSEAD on Strategic Financial Management in Global Markets.

FARWA HASNAIN

Independent Director

Farwa Hasnain serves as an Independent Director on the Board of Interloop Limited, and on the HR and ESG Committees of the Board. She is a seasoned professional with deep expertise in Institutional Development with a focus on People, Processes and Corporate Governance. Farwa’s career spans across the International Development and Commercial/Financial sectors of Pakistan, bringing a wealth of diverse experience to the table.

Before joining Interloop’s Board, Farwa led Governance, Operations, and People Management at Karandaaz; a non-profit organization focused on financial inclusion, funded by UKAid and the Bill & Melinda Gates Foundation. In this role, she also served as a Nominee Director on the Boards of Karandaaz-owned NBFCs, NCGC and PFSL, where she played a vital role in early operationalization and set up of these entities.

Currently, Farwa is the Chief of Staff at Rayn Holdings, a Singapore and Pakistan based tech company. She is highly passionate about Diversity and Inclusion, having consistently built diverse and impactful teams, and crafted successful strategies throughout her career. Farwa is a certified director from the Pakistan Institute of Corporate Governance (PICG) and holds an Advanced Leadership Certificate from the Judge Business School, University of Cambridge, UK. She also earned an MBA from NUST Business School.

FATIMA ASAD KHAN

Independent Director

Fatima Asad Khan is an Independent Director on the Board of Interloop Limited, and brings over 25 years of leadership experience in corporate governance, digital transformation, strategic change, human capital management, and enterprise technology solutions. She is part of the top leadership at Abacus Consulting; a leading international professional services firm providing world-class technology, outsourcing, consulting, and training solutions. Fatima has also served as an Independent Director on the boards of LUMS, Faysal Bank, Kashf Foundation, Bata Pakistan, and Kaarvan Crafts Foundation.

Fatima is deeply committed to social responsibility and her engagement with not-for-profit organizations such as Kashf Foundation and Kaarvan Crafts Foundation has provided wonderful opportunities to create value and positive impact for the communities. She has also provided pro bono professional advice to multiple institutions including SIUT, Imran Khan Foundation, and TCF, and has made valuable contributions to Pink Ribbon, SKMT, TCF, UNICEF, etc.

An MBA from Lahore University of Management Sciences (LUMS), Fatima started her career with Coopers & Lybrand International and later joined PricewaterhouseCoopers. Fatima is a certified director from the Harvard Business School and is a member of the Harvard Corporate Directors, Diversity & Inclusion Hub Leadership Council, and Women Executives on Boards forums.

Romana abdullah

Independent Director

Romana Abdullah is an Independent Director on the Board of Interloop Limited. She is the co-founder and CEO of Hopscotch; a rapidly growing kidswear brand started in 2014. She serves on the Boards of Nestle, Systems Limited and Karandaaz, and was selected as a Young Global Leader by the World Economic Forum in 2016.

In her early career, Romana was part of the management teams at MCB and Soneri Bank, leading their strategy function. She has also worked at The Boston Consulting Group and Merrill Lynch Investment Banking in New York, focusing on strategic, financial, and operational assignments for Fortune 500 financial services and consumer clients.

Romana has a BSc in Financial Engineering from Princeton University and an MBA from the Harvard Business School.

Tariq Iqbal Khan

Independent Director

Tariq Iqbal Khan is an Independent Director on the Board of Interloop Limited. He is also serving as the Chairperson of Interloop Asset Management Limited. He is the member of Audit Oversight Board (AOB) and was Chairperson of Audit Oversight Board. He is currently Chairperson of Packages Converters Limited. He is also on the Boards of various eminent listed and non-listed companies. Previously, he had served on the Boards of multiple banks, pharmaceutical, chemical & petroleum companies, and also as the Chairperson of SNGPL and ARL, etc.

A fellow member of the Institute of Chartered Accountants of Pakistan, Tariq has served the country for more than four decades by holding prominent positions in the private and public sectors. He played a pivotal role in founding the Islamabad Stock Exchange and subsequently served as its President. He also served as Member of Tax Policy & Co-ordination at the Central Board of Revenue, followed by working as founder Commissioner, Securities & Exchange Commission of Pakistan (SECP), and later as Chairperson SECP (acting) for a brief period where he was instrumental in restructuring SECP. Tariq served as the Chairperson & MD of NIT for more than g years, which played a key role in establishing and stabilizing the capital markets.

He also served as Chairperson and Managing Director of Investment Corporation of Pakistan (ICP) for 3 years and Chairperson of KP Energy Board and KPOGDCL.

FARYAL SADIQ

Executive Director

Faryal Sadiq serves as an Executive Director on the Board of Interloop Limited, and is the Chief Marketing Officer (CMO) at Interloop, responsible for all aspects of business development, sales and customer service. She also spearheads Sustainability, ensuring that Interloop leads the way in responsible manufacturing meeting the highest standards of environmental and social performance. Faryal plays a prominent role as a business leader, promoting awareness around gender dynamics and advocating strategies for accelerating gender equity.

Before joining Interloop in 2016, Faryal worked for over a decade as a management consultant with Deloitte and Ernst & Young, UK, specializing in the consumer products and retail industry. Faryal is a certified director, holds an MBA from the University of Oxford, and an Economics degree from the London School of Economics, UK.

Jahan Zeb Khan Banth

Non-Executive Director

Jahan Zeb Khan Banth is a Non-executive Director on the Board of Interloop Limited and contributes a wealth of strategic insight and extensive industry experience. He is also a member of the Boards of Interloop Holdings, Interloop Dairies, Interloop Welfare Trust, and IRC Dairy Products Pvt. Ltd. With background in chemical engineering, he has a strong record of success in his previous role as Director Technical for Interloop Limited.

During his 26 years illustrious tenure with the company, Jahan Zeb has led critical areas including maintenance of the plants, expansion projects, business process re-engineering (BMR), and the energy division. With over four decades of professional expertise, Jahan Zeb is a valuable asset to Interloop’s leadership team.

Azhar Sadiq

Chief Operating Officer

Azhar Sadiq is the chief operating officer at Interloop Limited and enjoys over 25 years of experience with the company. Azhar is responsible for operational activities across hosiery and denim. He holds a Masters in Business Administration and certifications as a Lean Champion from NIKE, the University of Kentucky, USA, and Toyota Engineering Corporation, Japan.

Azhar has successfully led operations, planning, and quality assurance initiatives, driving continuous process improvement through lean transformation. He is certified under the Directors Training Program aligned with the Securities Commission of Pakistan, adhering to regulations for listed companies (Code of Corporate Governance), 2017.

Tariq Rashid Malik

MD Yarns

Tariq Rashid is a founding director at Interloop Limited. Leading procurement and sourcing for the company, he also serves as the managing director for its yarns division. With a background in Economics and Political Science from the University of Punjab, Tariq prioritises cost efficiency, speed, and quality while maintaining end-to-end transparency in company operations.

He is actively involved in Interloop’s various farm to floor initiatives, ensuring a sustainable agricultural landscape and farmer prosperity in Pakistan.

Sheraz Kashif

Chief Procurement Officer

Sheraz Kashif is the chief procurement officer at Interloop Limited.

Muhammad Maqsood

Executive Director

Muhammad Maqsood is an Executive Director on the Board of Interloop Limited. He is also a member of the Boards of Interloop Holdings (Pvt.) Limited, Interloop Dairies, Texlan Center (Pvt.) Limited, Interloop Assets Management Limited, and Interloop Welfare Trust. With an overall experience of 30 years, Maqsood’s association with Interloop spans 22 years. He is also performing his duties as the Group CFO.

His current responsibility portfolio includes Group finances, Budgeting, financial reporting, and taxation matters of the group. Maqsood is a fellow member of the Institute of Chartered Accountants of Pakistan, Associate member of the Institute of Chartered Accountant of England & Wales, Fellow member of the Institute of Financial Accountants, UK, and the Institute of Public Accountants Australia. He got trained at INSEAD on Strategic Financial Management in Global Markets.

Faryal Sadiq

Chief Marketing Officer

Faryal Sadiq is the chief marketing officer at Interloop Limited, responsible for business development, sales, and customer service. She also spearheads company’s sustainability wing, ensuring the highest standards of environmental and social performance. Faryal plays a prominent role as a business leader to promote awareness around gender dynamics and advocating strategies for accelerating gender equity.

Before joining Interloop in 2016, Faryal worked over a decade as a management consultant at Ernst & Young and Deloitte, UK, specialising in consumer products and the retail industry. Faryal is a certified director, holds an MBA from the University of Oxford, and is an economics major from the London School of Economics.

Feroze Ahmed

Chief Strategy & Transformation Officer

Feroze Ahmed is the chief strategy and transformation officer at Interloop Limited, and linchpin for the CEO, driving strategic vision and performance management. Responsible for new business, innovation, and risk management, Feroze provides strategic governance to the company. He also serves on boards for Momentum Logistics, Octans Digital, and Interloop Asset Management.

Before joining Interloop in 2016, Feroze spent over a decade as a management consultant in the UK with Ernst & Young, Santander and Barclays, focusing on customer centric and digital-driven transformation programs. He holds a Masters in International Business & Emerging Markets from the University of Edinburgh, and majored in economics at the University of Toronto, Canada.

Saira Taimur Khan

Chief Human Resource Officer

Saira Taimur Khan is the chief human resource officer at Interloop Limited, directing capital planning to attract and retain top talent. She is responsible for effective development programs, reward systems, and performance management aligned with industry best practices and Interloop’s strategic goals. Saira holds an MBA in Marketing from the Institute of Business Administration, Karachi.

With over 25 years of HR expertise, Saira joined Interloop in 2019, playing a key role in formalising the company’s Vision 2025 and the strategic framework. As a management committee member, Saira leads all people related goals to enhance employee experience. Collaborating with organisations like Champions of Change, UN Women, UN Global Compact, she developed a five-year roadmap for Diversity and Inclusion at Interloop.

Yaqub Ahsan

Chief Information Officer

Yaqub Ahsan is the chief information officer at Interloop Limited, spearheading the conceptualization and execution of the company’s IT and technology innovation strategy, and digital transformation. With training in electrical engineering from the University of Engineering and Technology, Lahore, Pakistan, and a Masters in Business, Entrepreneurship, & Technology from the University of Ontario, Canada, Yaqub brings over 25 years of expertise in venture creation and technology.

Yaqub has contributed to multinationals across Pakistan, the Middle East, and North America through entrepreneurial endeavors. He has held key technical and management positions at IBM and other technology companies. Yaqub also has wide teaching and training experience in Pakistan and overseas.

Aqeel Ahmed

President Apparel & Activewear

Aqeel Ahmed is the president for apparel and activewear categories at Interloop Limited, spearheading their operations and growth. Along with production, he is responsible for administration, security, and engineering at Interloop Apparel Park. Aqeel is a certified director, holds a Masters in Business Administration and certifications in multiple Lean Application Programs.

Aqeel has over 22 years of experience with Interloop, holding key roles in operations, HR & OD, environmental health and safety (EHS), and lean transformation through continuous process improvement. He also played a crucial role in setting up new manufacturing plants for hosiery in Lahore and Sri Lanka.

Masooma Zaidi

Vice President Hosiery Sales

Masooma Zaidi is the vice president for hosiery sales at Interloop Limited, spearheading merchandising and the direct customer division for Interloop Europe. With a Bachelor of Science in Food Technology from Barani Agriculture College and an LLB degree, Masooma brings over 24 years of leadership experience across various industries.

Prior to joining Interloop, she served as the chief supply chain officer at Khaadi SMC Pvt. Ltd. Masooma has held key commercial positions at renowned companies such as Walmart, JC Penney, and Makro Habib Pakistan.

Zain Sadiq

Vice President Hosiery Operations

Zain Sadiq is the vice president for hosiery operations at Interloop Limited. He leads manufacturing across all hosiery plants in Pakistan, focusing on operational efficiency, process innovation, and resource management. Zain is a certified director, serving on boards for Top Circle USA, Print Kraft, Octans Digital, and Interloop Dairies.

Prior to joining hosiery, Zain played a key role in planning and executing a modern dairy farm project for Interloop Dairies. Zain is an economics major from Davidson College, North Carolina, USA, and is a Level 2 Chartered Financial Analyst (CFA) certified professional.