Mussadiq Zulqarnain

founder and chairman of Interloop

Compiled from 1 recorded interview. Every statement below is drawn from the passage cited beside it.

Mussadiq Zulqarnain is the chairman of Interloop Limited. Zulqarnain has said he got a job about three months after his engineering. He has said he had the opportunity to work in planning and design.

Early life and background

Zulqarnain has said that he was raised by a single mother, along with his brother and sister. His mother worked in education. He has said his family had no investments or savings when he was growing up. His grandfather died in 1968, when Zulqarnain was 10 or 11 years old. His younger brother is seven years younger than him. [1]

Education

Zulqarnain studied mechanical engineering at the University of Engineering and Technology, Lahore. He has said that mathematics was a strong subject for him. [1]

Career

Zulqarnain has said he got a job about three months after his engineering. He has said he had the opportunity to work in planning and design. He has said he was assigned to plan projects that were World Bank projects and France projects. He has said he and others eventually succeeded in getting rules amended so that only engineers would be promoted above a certain level. He has said he took a year's leave and then resigned. [1]

Business beginnings

According to Zulqarnain, the start came in April 1992. He has said he, his brother and his family together raised 9.35 million rupees. He has said they installed 10 machines. The first export took place in May 1993, he has said, and a French customer gave them an order. [1]

He has said that after the first year they imported 12 more machines, and that everything they earned was reinvested. In his account, shipment dates would be respected religiously, and salaries and suppliers must be paid on time. He has said the rule was not to give any one customer more than a 25% share. [1]

Zulqarnain has said they closed a profitable company in order to focus on one thing, and that they formed a company. He has said they make five-year visions and then split them up. He has said the aim is to become a full family clothing partner of choice. [1]

Operations and expansion

Zulqarnain has said they have six huge plants. He has said they are doing about 60 million garments per year and that they produce 25 million kilograms of yarn every year. He has said they do about 4 million kilograms of yarn dyeing themselves. [1]

In socks, he has said, they are about to reach roughly one billion pairs. He has said that if everything were combined, there would be enough socks to supply one pair for the entire USA and the entire Europe every year. He has said they set up a plant in denim that is currently at 12 million pairs, and that as it ramps up they will be doing 45 million garments of knitted apparel. [1]

He has said they have an associated company in Sri Lanka and a subsidiary in China, and that the China subsidiary has now been set up. He has said Interloop acquired a 64% stake in a company. He has said organic farming was started together with 2,000 farmers. He has said customers asked his company to explore the possibility of having production in Egypt. [1]

Interloop Holdings

Zulqarnain has said Interloop Holdings does not have any stake in Interloop. He has said many other businesses sit under Interloop Holdings. [1]

Other businesses

Zulqarnain has said they have the largest corporate dairy farm in Pakistan, and that they export 100% butter. He has said they have a Turkish joint venture located in an industrial estate in Faisalabad. He has also said they have a packaging printing concern. [1]

He has said a company is the authorised sole distributor for Samsung parts. He has said they have two joint ventures, which are separate organisations, and that a 350-bed tertiary hospital is coming up in Faisalabad. [1]

Views

Zulqarnain has said cotton has become a weakness and is not a strength. He has said there are three types of textiles, namely yarn, fabric and make-ups, and that everything else is apparel and garments. On energy, he has said the cost component of energy would be between 12 and 15 percent, and that other factors affect efficiencies and the cost of production. He has said he is running at 50 to 60 percent thermal efficiency. [1]

He has said the way forward for Pakistan is to open up trade with the people of its region and normalise relations with them. He has said he is still quite hopeful. He has said they had decided to invest 300 million dollars in this country, of which 150 million has been done. [1]

Zulqarnain has said he could be a shareholder but that he is an employee. He has said he calls things bad or good as he sees them. He has said people may read one of his tweets and align him with a political party. [1]

Timeline

1968
His grandfather died when he was 10 or 11 years old.[1]
1992
He has said the start came in April 1992.[1]
1993
He has said the first export took place in May 1993.[1]

Appearances

DateTitleWhere
2024-10-02 Pakistan is stuck in cotton while the world has moved on Thought Behind Things

Frequently asked questions

Who is Mussadiq Zulqarnain?

Mussadiq Zulqarnain is the founder and chairman of Interloop Limited and Interloop Holdings. He trained as a mechanical engineer. He has said that he is no longer the CEO and is now chairman of the board.[1]

What does Mussadiq Zulqarnain do?

Mussadiq Zulqarnain is chairman of Interloop Limited and Interloop Holdings. He has said he is no longer the CEO and is now chairman of the board. He has said many other businesses sit under Interloop Holdings.[1]

Where did Mussadiq Zulqarnain study?

Mussadiq Zulqarnain studied mechanical engineering at the University of Engineering and Technology, Lahore. He has said he trained as a mechanical engineer.[1]

What company did Mussadiq Zulqarnain found?

Mussadiq Zulqarnain is the founder and chairman of Interloop Limited and Interloop Holdings. He has said Interloop Holdings does not have any stake in Interloop.[1]

What was Mussadiq Zulqarnain's early life like?

Mussadiq Zulqarnain has said he was raised by a single mother, along with his brother and sister. His mother worked in education. He has said his family had no investments or savings when he was growing up.[1]

What has Mussadiq Zulqarnain said about Pakistan's future?

Mussadiq Zulqarnain has said the way forward for Pakistan is to open up trade with the people of its region and normalise relations with them. He has said he is still quite hopeful. He has said they had decided to invest 300 million dollars in this country, of which 150 million has been done.[1]

What has Mussadiq Zulqarnain said about energy costs?

Mussadiq Zulqarnain has said the cost component of energy would be between 12 and 15 percent. He has said other factors affect efficiencies and the cost of production. He has also said he is running at 50 to 60 percent thermal efficiency.[1]

What other businesses has Mussadiq Zulqarnain described?

Mussadiq Zulqarnain has said many other businesses sit under Interloop Holdings. He has said they have the largest corporate dairy farm in Pakistan. He has also said a 350-bed tertiary hospital is coming up in Faisalabad.[1]

References

  1. Pakistan is stuck in cotton while the world has moved on . Thought Behind Things , 2024-10-02.
Show the source passages (62 statements)
  1. Mussadiq Zulqarnain is the founder and chairman of Interloop Limited and Interloop Holdings. serving as the Founder and Chairman of Interloop Limited and Interloop Holdings
  2. Mussadiq Zulqarnain studied mechanical engineering at the University of Engineering and Technology, Lahore. With a strong educational background in Mechanical Engineering from the University of Engineering and Technology, Lahore
  3. He trained as a mechanical engineer. By training I am a mechanical engineer
  4. He has said he is no longer the CEO and is now chairman of the board. I am no more the CEO, I am the chairman of the board
  5. He has said he was raised by a single mother, along with his brother and sister. myself and my brother and my sister, we were raised by a single mother
  6. His grandfather died in 1968, when Mussadiq Zulqarnain was 10 or 11 years old. my grandfather passed in 1968 when I was 10-11 years old
  7. His mother worked in education. my mother was in education
  8. He has said his family had no investments or savings when he was growing up. We didn't have any investments, we didn't have any savings
  9. He has said mathematics was a strong subject for him. mere mathematics wagera bahut strong tha
  10. He got a job about three months after his engineering. meri engineering ke teen mahine baad mujhe job mil gaya
  11. He has said he had the opportunity to work in planning and design. I had the opportunity to be in planning and design
  12. He has said he was assigned to plan projects that were World Bank projects and France projects. Main mujhe aise projects plan karne pe laga diya gaya jo ke World Bank ke projects, France projects the
  13. He has said he and others eventually succeeded in getting rules amended so that only engineers would be promoted above a certain level. eventually we were successful in getting the rules amended ki ek khaas level se upar sirf engineers promote honge
  14. He has said he took a year's leave and then resigned. Maine ek saal ki chhutti le li and then I resigned
  15. His younger brother is seven years younger than him. It was my younger brother, he is 7 years younger to me
  16. He has said they started in April 1992. We started in April 92
  17. He has said he, his brother and his family together raised 9.35 million rupees. humne 9.35 million rupees raise kiya between me, my brother, my family
  18. He has said they installed 10 machines. To woh humne 10 machineein laga li
  19. He has said the first export took place in May 1993. from May in May 93 we did our first export
  20. He has said a French customer gave them an order. ek French customer tha usne humein order diya
  21. He has said shipment dates would be respected religiously. Aur jo shipment date hai usko yeh religiously respect karenge
  22. He has said salaries must be paid on time and suppliers must be paid on time. salaries on time pay honi hai, supplier ko on time karna hai
  23. He has said he could be a shareholder but that he is an employee. I could be a shareholder but I am an employee
  24. He has said everything they earned was reinvested. We reinvested everything we earned
  25. He has said that after the first year they imported 12 more machines. humne pehle saal ke baad hi humne uh 12 machineein aur import kar li
  26. He has said the rule was not to give any one customer more than a 25% share. ki kisi ek customer ko 25% se zyada share na dein
  27. He has said they closed a profitable company in order to focus on one thing. Humne profitable company ko band kar diya ki nahi let's focus on this one thing
  28. He has said they formed a company. Humne ek company banayi Interloop Garments Limited
  29. He has said that if everything were combined, there would be enough socks to supply one pair for the entire USA and the entire Europe every year. agar woh sab kuch combine kar lein to we have enough socks, one pair of sock for entire USA and entire Europe every year
  30. He has said they have an associated company in Sri Lanka and a subsidiary in China. We have associated company in Sri Lanka also and we have a subsidiary in China also
  31. He has said that in socks they are about to reach roughly one billion pairs. socks mein hum taqreeban ek billion uh pair pe pahunchne wale hain
  32. He has said they have six huge plants. We have six Alhamdulillah huge plants
  33. He has said they make five-year visions and then split them up. Hum five year visions banate hain aur us five year visions ke phir hum split karte hain
  34. He has said the aim is to become a full family clothing partner of choice. to become a full family clothing uh a partner of choice
  35. He has said they set up a plant in denim that is currently at 12 million pairs. humne denim mein ek uh plant lagaya hai jo ke is waqt 12 uh million pairs
  36. He has said that as it ramps up they will be doing 45 million garments of knitted apparel. it is ramping up and that will uh be we will be we will be doing 45 million uh garments of knitted apparel
  37. He has said they are doing about 60 million garments per year. about 60 million garments hum kar rahe hain per year abhi tak
  38. He has said they produce 25 million kilograms of yarn every year. We produce 25 uh million kgs of yarn every year
  39. He has said they do about 4 million kilograms of yarn dyeing themselves. hum taqreeban 4 million kgs of yarn dyeing apni karte hain
  40. He has said Interloop acquired a 64% stake in a company. jismein 64% stake Interloop ne uh acquire kiya hai
  41. He has said organic farming was started together with 2,000 farmers. 2000 farmers ke sath milke organic uh farming shuru karwayi hai
  42. He has said cotton has become a weakness and is not a strength. cotton has become our weakness. It is not our strength
  43. He has said there are three types of textiles, namely yarn, fabric and make-ups, and that everything else is apparel and garments. There are three types of textiles: yarn, fabric and make-ups. Everything else is apparel and garments
  44. He has said the cost component of energy would be between 12 and 15 percent. the uh cost component of power of energy, I won't say power, energy, uh would be between 12 to 15%
  45. He has said other factors affect efficiencies and the cost of production. There are other factors which impact our efficiencies, uh our cost of production
  46. He has said customers asked his company to explore the possibility of having production in Egypt. our customers have asked us to explore uh the possibility of having production in Egypt
  47. He has said he is running at 50 to 60 percent thermal efficiency. 50-60% mein thermal efficiency pe chal raha hoon
  48. He has said the way forward for Pakistan is to open up trade with the people of its region and normalise relations with them. the way forward for Pakistan is to open up trade with our uh uh regional jo hamare log hain and normalize our relations with them
  49. He has said he is still quite hopeful. Main to abhi bhi kaafi hopeful hoon
  50. He has said they had decided to invest 300 million dollars in this country, of which 150 million has been done. we had decided to invest 300 million dollars in this country, jis mein se 150 ho chuka hai
  51. He has said he calls things bad or good as he sees them. mujhe agar cheez buri lag rahi hai to main buri kahunga, acchi lag rahi hai to acchi kahunga
  52. He has said people may read one of his tweets and align him with a political party. Aur log usko ek meri tweet ko padh ke mujhe align kar denge ke yaar yeh is party ka hai
  53. He has said they have the largest corporate dairy farm in Pakistan. we have the largest corporate dairy farm in Pakistan
  54. He has said they export 100% butter. we export 100% butter
  55. He has said they have a Turkish joint venture located in an industrial estate in Faisalabad. ek Turkish joint venture hai jisko jiska naam hai IRC Dairy Products, jo ke yahan Faisalabad ke industrial estate mein hai
  56. He has said they have a packaging printing concern. Then we have a packaging printing concern, PrintCraft
  57. He has said a company is the authorised sole distributor for Samsung parts. Samsung ke jitne parts hain, uske authorized sole distributor woh hain
  58. He has said they have two joint ventures, which are separate organisations. We have two joint ventures, separate organizations with Shifa International
  59. He has said a 350-bed tertiary hospital is coming up in Faisalabad. Ek 350 tertiary bed, tertiary hospital aa raha hai Faisalabad mein
  60. He has said Interloop Holdings does not have any stake in Interloop. So Interloop holding doesn't have any stake in Interloop
  61. He has said many other businesses sit under Interloop Holdings. So we have a lot of other businesses which come under the umbrella of Interloop Holdings
  62. He has said they have now set up a subsidiary in China. Jo ab humne China mein subsidiary banayi hai