Pakistan’s Textile Firm Shift to Tech and EV Sectors

Bilal Fibres Limited, a Lahore-based textile manufacturer, has shared an important update regarding its future direction. While its operations have remained suspended through the quarter ending June 30, 2025, the company is now actively exploring a shift toward newer industries. In a recent notice to the Pakistan Stock Exchange – PSX, the management confirmed that the Board of Directors has approved a proposal to diversify into the IT, health tech, and electric vehicle sectors.

This move is being considered a first step toward revival, and the company is currently working closely with stakeholders, including technical experts and consultants, to finalise a business plan for this transition. Although the new sectors will be positioned as a secondary line of business, Bilal Fibres has reiterated its continued commitment to textiles as its primary focus.

In line with this strategic shift, a board-level change has also been announced. Anwaar Abbas has stepped down, and Muhammad Usman Saber, an IT professional, has been appointed as director.

Founded in 1987, Bilal Fibres has long been involved in producing and exporting various types of yarn, catering to both local and international markets including Europe, the Far East, and the Middle East.