Zuma Resources Limited (PSX: ZUMA) has officially transitioned its core business from textiles to technology investing and development, marking a major strategic shift aimed at high-growth digital sectors. The company announced that it will now focus on investing in, developing, and acquiring assets in technology-driven businesses, following regulatory approval.
In a filing submitted to the Pakistan Stock Exchange (PSX) on Thursday, Zuma Resources confirmed that its principal line of business has been formally changed. The transformation reflects a broader trend among listed companies seeking to align with Pakistan’s growing technology and innovation ecosystem. The move has also received approval from the Securities and Exchange Commission of Pakistan (SECP), making the transition official.
Under its revised mandate, Zuma Resources will pursue investments, partnerships, and strategic collaborations across a diversified technology portfolio. This includes technology and AI-enabled services, electric vehicle (EV) technologies, healthcare technology, e-commerce platforms, and other emerging digital sectors.
The shift positions the company to capitalize on long-term growth opportunities as Pakistan accelerates digital adoption and innovation-led economic development.
“The change in principal business has been duly approved by the SECP and reflects the company’s strategic focus on technology-driven sectors with strong growth potential,” the company stated in its filing.
Industry observers see this move as a significant repositioning that could help Zuma Resources attract new investors and align itself with future-oriented industries.
