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In a massive strategic shift for the local market, Zuma Resources Limited, formerly known as Bilal Fibres Limited, is leaving its traditional textile roots behind. The company has formally approved a transition toward high-growth sectors, including Artificial Intelligence (AI), Electric Vehicles (EVs), and Technology.
This decision marks a bold new chapter for the loss-making firm as it looks to modernise and diversify its portfolio.
The decision was officially taken by the company’s Board of Directors (BoD) in a meeting held yesterday, December 5, 2025. According to a notice intended for the Pakistan Stock Exchange (PSX), the Board has approved a complete change in the primary line of business.
Zuma Resources Limited will now engage in investing, partnering, and strategically collaborating with companies across several cutting-edge industries. The targeted sectors include:
- Technology & AI-enabled services
- Electric Vehicles (EVs)
- Healthcare
- E-commerce
To facilitate this pivot and settle outstanding bank liabilities, the Board has also approved the sale of significant assets. This includes land, building, plant, and machinery, alongside other fixed assets. This move is in pursuance of an order from the Lahore High Court.
Furthermore, the Board approved the financial statements for the year ended June 30, 2025. During FY25, the company posted a loss after tax of Rs 2.44 million.
Established in 1987, Bilal Fibres Limited originally manufactured and sold yarn within Pakistan. For decades, it offered poly/cotton, viscose, and CVC yarns for weaving and knitting. Historically, the firm exported its products to markets in Europe, the Far East, and the Middle East.
Now, under the new banner of Zuma Resources Limited, the company is set to trade the loom for the microchip, aiming to capture a share of Pakistan’s burgeoning tech and EV landscape.
