Pakistan’s loss-making textile firm rebrands and pivots to AI & EVs
- Company posted a loss of Rs2.44 million during FY25
Zuma Resources Limited — formerly known as Bilal Fibres Limited — has formally approved a major shift in its core business, moving from its traditional operations toward investment across high-growth sectors, including technology, AI-enabled services, electric vehicles (EVs), healthcare, and e-commerce.
The decision was taken by the company’s Board of Directors (BoD) in a meeting held on December 5, 2025, in a notice sent to the Pakistan Stock Exchange (PSX) on Monday.
“The BOD has approved the primary line of business to engage in investing, partnering, and strategically collaborating with a diversified portfolio of companies in technology, AI-enabled services, EV, healthcare, e-commerce and other sectors,” read the notice.
Pakistan’s textile manufacturer approves revival strategy, eyes entry into IT sector
Additionally, the board approved the sale of land, building, together with plant and machinery (including other fixed assets) in pursuance of the order of the Lahore High Court to settle bank liabilities.
The BOD has approved the financial statements for the year ended 30th June 2025. The company posted a loss after tax of Rs2.44 million during FY25.
Established in 1987, Bilal Fibres Limited manufactures and sells yarn in Pakistan. It offers poly/cotton, poly/viscose, CVC, viscose, and cotton yarns for weaving or knitting applications.
The company also exports its products to Europe, the Far East, and the Middle East.
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