Lahore: Airlink Communication Limited has issued its fourteenth Rated, Secured, Privately Placed, Short-Term Sukuk-XIV, valued at PKR 2.0 billion, according to a recent press release. The issuance, dated September 21, 2026, is secured by a hypothecation charge on all present and future current assets of the company. Airlink operates in mobile phone distribution and retail, as well as the assembly of smartphones and related products in Pakistan.

According to The Pakistan Credit Rating Agency Limited, the ratings assigned to Airlink reflect its established market position, relationships with global brands, and diversified revenue base. The company's subsidiary, Select Technologies, acts as the local assembler for Xiaomi Pakistan. The Pakistani mobile phone market experienced a decline in local production and assembly by approximately 7% year-over-year, while commercial imports surged by 90% during the first nine months of the calendar year 2026.

Despite a 14% year-over-year decline in consolidated sales to approximately PKR 90 billion in fiscal year 2026, Airlink reported slight growth of 1.6% year-over-year in the first quarter of fiscal year 2027. The company has maintained improving profitability margins due to cost discipline and operational efficiencies. The group continues to finance its working capital through bank borrowings and short-term debt instruments, with significant capital expenditure directed towards a new facility.

Furthermore, Airlink has ventured into electric mobility with the introduction of an 11-model electric bike lineup under the brand 'AirV.' This expansion signifies a strategic move towards product diversification. The company remains committed to a gradual de-leveraging plan and prudent financial management to sustain its market position amidst rising competition from imported smartphones.