Bilal Fibres Eyes Diversification into IT, Health Tech, and EV Sectors

Bilal Fibres Limited, a textile firm, announced on Friday that it’s actively working with stakeholders, specialists, and consultants to develop a thorough business strategy for its planned foray into the IT, health tech, and Electric Vehicle (EV) industries, despite its ongoing operational halt.

The Lahore-based listed entity communicated this update in a notice submitted to the Pakistan Stock Exchange (PSX).

The notice stated, “The company’s operations were still suspended during the quarter that ended on June 30, 2025, and no commercial activity took place. The Board of Directors (BOD) has authorized the idea of establishing an IT/health tech/EV division as a possible secondary line of business as a first step toward recovery.”

The notice further mentioned, “We are actively interacting with stakeholders, including technical specialists and consultants, to finalize the business plan in accordance with this decision.”

Bilal Fibres revealed intentions last month to grow into the IT, health tech, and EV sectors as a possible secondary line of business, reaffirming that textiles will continue to be its primary area of concentration.

The company also announced a change to its board, with Muhammad Usman Saber, an IT expert, taking the place of Anwaar Abbas, who resigned as director.

Bilal Fibres Limited, founded in 1987, produces and sells yarn in Pakistan. It provides poly/cotton, poly/viscose, CVC, viscose, and cotton yarns for weaving and knitting applications.

The company also exports its goods to the Middle East, the Far East, and Europe.