Bilal Fibres Limited (PSX: BILF) has announced that its operations remained suspended with no business activity during the quarter ended June 30, 2025.
However, the company has taken an initial step towards revival by approving the establishment of a new IT, Health Tech, and Electric Vehicle (EV) division as a potential secondary line of business.
According to a stock filing at the Pakistan Stock Exchange on Thursday, the company’s Board of Directors approved the proposal on May 16, 2025, and communicated the same to shareholders on the same day.
Bilal Fibres stated it is currently in active engagement with stakeholders—including technical experts and consultants—to finalize a comprehensive business plan, which will be shared with shareholders through PUCARS.
The company assured that it will continue to provide updates on any material developments related to its revival strategy in accordance with PSX Regulation 5.11.2(b).
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