Karachi: Airlink Communication Limited has successfully issued its thirteenth Short-Term Sukuk, valued at PKR 3.0 billion, on August 25, 2026. The issuance, secured by a ranking charge over current assets, underscores the company's strong market position and its ongoing commitment to financial discipline.

According to The Pakistan Credit Rating Agency Limited, Airlink operates primarily in mobile phone distribution and retail, as well as the assembly of smartphones and related products in Pakistan. The company's subsidiary, Select Technologies, serves as the local assembler for Xiaomi Pakistan, and Airlink maintains partnerships with major global brands such as Samsung, Apple, Tecno, Itel, and Hisense. Despite a 7% year-on-year decline in local mobile phone production during the first nine months of 2026, Airlink's consolidated sales reached approximately PKR 90 billion, although this represented a 14% decline from the previous fiscal year.

The press release indicates that Airlink's profitability margins have benefited from gains in cost discipline and operational efficiencies, even as the company funded its working capital through a mix of bank borrowings and short-term debt instruments. The company has made strategic investments in its new Sundar facility and continues to replace short-term borrowings with equity, supported by IPO proceeds from Select Technologies.

With a focus on product diversification, Airlink has also ventured into electric mobility with its new 'AirV' brand, launching an 11-model electric bike lineup. This move is expected to broaden the group's market reach. The company remains committed to a gradual de-leveraging plan and financial discipline, crucial for maintaining its market position and ensuring sustainable growth in a competitive environment.