Bilal Fibres Limited to Launch IT Division with Rs10 Million Investment

The Board of Directors at Bilal Fibres Limited, a textile manufacturing firm, has sanctioned a strategy to introduce an IT Division, backed by a significant investment of Rs10 million.

The publicly listed company, currently facing a suspension of operations, announced its recovery plan in a notification to the Pakistan Stock Exchange (PSX) on Monday.

The company stated that its IT Division will focus on serving small and medium-sized enterprises (SMEs) within Pakistan and the Middle East, with the potential for future international expansion.

The division’s offerings will encompass a wide range of services, including:

  • Website and e-commerce platform creation
  • Mobile app development and MVP construction
  • IT support solutions
  • SaaS and subscription-based platforms
  • Custom enterprise software tailored for SMEs

The company aims to “deliver affordable, superior IT solutions, leveraging Pakistan’s skilled labor force and strategic alliances” with organizations such as P@SHA and PITB.

In terms of financial forecasts, the company anticipates annual revenues ranging from Rs12 million to Rs70 million, with breakeven expected within 18 months and significant profitability projected within two years.

Earlier in the month, Bilal Fibres communicated its active engagement with stakeholders, technical specialists, and consultants to finalize a detailed business strategy for its proposed venture into the IT, health tech, and Electric Vehicle (EV) sectors.

“During the quarter concluding on June 30, 2025, the company’s operations were suspended, and no business activities took place. However, as an initial step toward revitalization, the Board of Directors (BOD) has endorsed the proposal to establish an IT/health tech/EV division as a possible secondary line of business,” the Lahore-based entity stated in its earlier notice.

Established in 1987, Bilal Fibres Limited is involved in the production and sale of yarn within Pakistan, providing poly/cotton, poly/viscose, CVC, viscose, and cotton yarns suitable for weaving and knitting applications.

The company also exports its products to markets in Europe, the Far East, and the Middle East.