Zuma Resources to Focus on Tech, AI, and EVs Under New Business Model; Enters MoU with Elysium Technologies

PAKISTAN- Corporate Sector

Zuma Resources Limited, formerly known as Bilal Fibres Limited, has approved a new primary line of business focused on investing, partnering, and strategically collaborating with a diversified portfolio of companies in technology, AI-enabled services, electric vehicles (EVs), healthcare, e-commerce, and other emerging sectors.

According to information shared with the Pakistan Stock Exchange (PSX), the Board of Directors (BOD) meeting held on December 5, 2025, also approved the company’s financial statements for the year ended June 30, 2025. In addition, the Board approved the sale of land, building, plant, machinery, and other fixed assets in accordance with the order of the Honourable Lahore High Court to settle outstanding bank liabilities.

The BOD further authorized the management to convene the Annual General Meeting (AGM) on December 31, 2025.

Brief Introduction of the Company

Zuma Resources Limited (formerly Bilal Fibres Limited) was historically engaged in the textile sector, primarily in polyester staple fiber manufacturing. Over the years, the company has undergone restructuring and reorientation due to financial challenges, leading to changes in its operational scope. With its newly approved business model, Zuma Resources aims to transition into a diversified investment and strategic collaboration platform, focusing on high-growth and technology-driven sectors to build a sustainable future business portfolio. – ER News Desk

On the same day, the company informed that it has entered into a Memorandum of Understanding (MoU) with Elysium Technologies LLC, USA for TRAVEL E-SIM (https://sim.market), a global e-SIM marketplace covering more than 120 countries.

Under the MoU, the company will provide global support and digital marketing services—excluding Pakistan—to promote the products and services of sim.market (USA). In return, Zuma will receive a 20% share of the gross revenue generated from global sales of sim.market (USA).

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