Zuma Resources Approves Asset Sale, Shifts Focus to Tech and EV Investments

Zuma Resources Limited (formerly Bilal Fibres Limited) has announced a strategic shift in its business direction, with the Board of Directors approving a new focus on investments and partnerships across technology, AI-enabled services, electric vehicles (EV), healthcare, e-commerce, and other sectors. In a notice to the Pakistan Stock Exchange, the company said its board, at a meeting held on December 5, 2025, also approved the sale of land, buildings, plant, machinery, and other fixed assets. The asset sale is being carried out in compliance with an order from the Lahore High Court to settle outstanding bank liabilities. Additionally, the board approved the financial statements for the year ended June 30, 2025, and authorized management to convene the annual general meeting on December 31, 2025. Zuma Resources, which recently rebranded from Bilal Fibres Limited, said it will keep stakeholders informed of further developments as it pursues its new investment strategy and completes the court-mandated asset sale.