Air Link Financing PKR 4.76 Billion Islamic Syndicated Deal Secures Manufacturing Expansion

Air Link Communication Limited and Select Technologies Limited have secured a PKR 4.76 billion Islamic syndicated financing facility with a 10-year tenure. The Bank of Punjab led the financing consortium, while InfraZamin Pakistan Limited provided a PKR 3.57 billion credit guarantee.

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The financing will support the expansion of advanced manufacturing facilities at the Sundar Green Special Economic Zone. It will also strengthen Pakistan’s local production of smartphones, consumer electronics, and home appliances.

Banking Consortium Supports Long-Term Growth

The Bank of Punjab managed the transaction as the lead institution. Askari Bank Limited, BankIslami Pakistan Limited, and Pak China Investment Company Limited joined the financing consortium as Mandated Lead Advisors and Arrangers.

InfraZamin’s credit guarantee made the long-term financing possible. It also helped the companies secure competitive financing terms and lower borrowing costs.

Manufacturing Expansion to Boost Local Production

The project will establish modern manufacturing facilities in the Sundar Green Special Economic Zone.

The companies expect to manufacture more than one million affordable smartphones every year. They also plan to increase the local production of consumer electronics and home appliances. As a result, Pakistan can reduce imports while expanding its manufacturing capacity.

Project to Create Jobs and Promote Sustainability

The investment will generate approximately 450 direct jobs within five years. Around 25% to 30% of these positions will go to women, increasing female participation in Pakistan’s manufacturing workforce.

In addition, the project includes a 1-megawatt solar power plant. The facility will reduce carbon emissions by an estimated 700 tonnes annually while lowering operating costs.

Leaders Welcome the Financing Milestone

Air Link CEO Muzzaffar Hayat Piracha said the financing would strengthen the company’s “Made in Pakistan” vision. He added that the investment would expand local manufacturing, support innovation, and create employment opportunities.

InfraZamin CEO Maheen Rahman said the partnership would strengthen digital inclusion, create quality jobs, and support sustainable industrial growth.

Officials from The Bank of Punjab, Askari Bank, BankIslami Pakistan, and Pak China Investment Company also described the transaction as a milestone for Pakistan’s manufacturing and Islamic finance sectors. They said the financing demonstrates how blended finance can mobilize private investment for large industrial projects.

Industry Impact

Air Link Communication partners with leading global brands, including Samsung, Apple, Xiaomi, Tecno, itel, Acer, and iMiki. Meanwhile, its subsidiary, Select Technologies Limited, manufactures Xiaomi smartphones and Hisense consumer electronics in Pakistan.

The financing strengthens Pakistan’s industrial ecosystem and highlights growing cooperation between commercial banks and development finance institutions to support long-term economic growth.