Mycoremediation is emerging as a potential approach for eco-friendly and costeffective remediation of polluted effluents. Textile is one of the largest industries in Pakistan; wastewater discharge from these industries contains excessive dyes and complex chemicals. Present study deals with the bioremedial efficiency and detoxification of native fungi present in industrial waste water viz., Aspergillus alliaceus, Aspergillus flavus, Aspergillus fumigatus Aspergillus niger, Penicillium sp. and Rhizopus oryzae. All fungal species were known to bring bioremediation, which had been confirmed by measuring the percentage reduction potential in different parameters, i.e., pH, Electrical Conductivity (EC), Total Suspended Solids (TSS), Total Dissolved Solids (TDS), Biological Oxygen Demand (BOD) and Chemical Oxygen Demand (COD). Rhizopus oryzae showed the highest reduction in pH, EC, and BOD, while Aspergillus fumigatus showed the highest reduction in TDS and TSS, and COD under the optimal conditions of this study. The biodegradation potential of these fungal species was confirmed, evidenced by excellent evaluation of experimental data to propose the use of Rhizopus oryzae and Aspergillus fumigatus as a costeffective solution to treat the effluents from the dyeing unit of the textile industry. This research will help us to reduce the waste water pollution which increases on a regular basis and in the near future may cause more harmful effect on living bodies and to check the most promising fungal strain for a natural pollution control approach