This study evaluates the bioremediation potential of eight indigenous fungal strains isolated from chromium- and zinc-contaminated soils of the Korangi Industrial Estate, Karachi, Pakistan. The site, a major industrial hub hosting tanneries, metal plating, and chemical plants, has long suffered from heavy metal pollution due to untreated effluent discharge. To assess the remediation efficiency of these native fungi, bioleaching experiments were conducted under controlled ex-situ conditions using five nutrient media—Potato Dextrose Broth (PDB), Sabouraud Dextrose Broth (SDB), Yeast Peptone Dextrose (YPD), Yeast Peptone Glucose (YPG), and Czapek Dox Broth (CDB). Each 250 mL flask contained 100 mL of sterilized medium inoculated with 1 mL of spore suspension (≈10⁸ spores mL⁻1) and 1 g of contaminated soil. Incubation was maintained at 32 °C, 150 rpm, and pH 6.5 for 144 h, with uninoculated controls to monitor abiotic metal release. Residual metal concentrations in the leachates were quantified by Atomic Absorption Spectroscopy (AAS). Uptake capacity (mg g⁻1) was calculated based on the dry fungal biomass obtained after centrifugation and oven drying at 80 °C. Statistical analysis was performed using two-way ANOVA followed by Tukey’s post-hoc test (p < 0.05) to evaluate the effects of medium composition and fungal strain on bioleaching efficiency. Among all isolates, Aspergillus niger (K8) achieved the highest chromium removal (98.6%) with a maximum uptake of 0.3178 mg g⁻1 in SDB, while Penicillium notatum (K1) exhibited superior zinc removal (94.5%) and uptake of 0.32 mg g⁻1 in CDB. FTIR analysis confirmed that hydroxyl, amine, alkene, nitro, and tertiary alcohol functional groups on the fungal cell wall were actively involved in metal binding. SEM imaging further revealed hyphal curling and surface deformation after metal exposure, reflecting structural adaptation under stress. These findings demonstrate that indigenous fungal species are highly effective for the ex-situ removal of Cr and Zn from polluted soils. While laboratory-scale results are promising, future field-level applications must address pH sensitivity, fungal survival in native soils, and competition with existing microbiota. Nonetheless, A. niger (K8) and P. notatum (K1) represent potent, eco-friendly candidates for sustainable bioremediation and restoration of metal-contaminated industrial sites in Pakistan.