Bilal Fibres Limited (PSX: BILF) has announced plans to diversify its operations by establishing a new IT Division.
The board of directors has formally approved a comprehensive five-year business plan.
According to a filing with the Pakistan Stock Exchange (PSX) on Tuesday, the company aims to invest Rs. 10 million into the new division. Its main targets are software development, IT support services, digital platforms, and custom solutions for small and medium enterprises (SMEs). The objective is to reach breakeven within 12–18 months and profitability within two years.
Target Market: SMEs in Pakistan and the Middle East, with future plans for global expansion.
Projected Revenue: Rs12–70 million annually within the first five years.
Initial Team: A five-member core including a director, two software engineers, a sales specialist, and an admin/accounts assistant.
Short-Term Focus: Web and e-commerce development, mobile apps, and IT support retainers.
Long-Term Focus: SaaS-based platforms including HR/payroll, inventory management, and e-learning.
Marketing Strategy: Use of digital channels (Google Ads, LinkedIn), participation on freelance platforms, and collaboration with industry bodies such as P@SHA and PITB.
The principal business of the company is manufacturing and sale of yarn.