Pakistan, July 4 -- As operations remain suspended, Pakistan-based textile firm Bilal Fibres Limited is making a bold pivot toward IT, health tech, and electric vehicle (EV) sectors. The company shared the development in a formal notice to the Pakistan Stock Exchange (PSX) on Friday.

In the statement, Bilal Fibres confirmed that during the quarter ending June 30, 2025, no manufacturing or business activities were carried out. However, the Board of Directors has now approved a proposal to explore technology-driven sectors as a new secondary line of business, signaling a strategic shift amid economic challenges in the textile industry.

To support this transition, the company said it is actively engaging with stakeholders, consultants, and...