Air Link Secures Rs4.76 Billion Islamic Financing for Manufacturing Expansion
A consortium led by The Bank of Punjab (BOP) has successfully achieved the financial close of a Rs4.76 billion, 10-year Islamic syndicated financing facility for Air Link Communication Limited and its subsidiary Select Technologies Limited. The financing, backed by a Rs3.57 billion credit guarantee from InfraZamin Pakistan Limited, will support the expansion of advanced manufacturing facilities at the Sundar Green Special Economic Zone.
InfraZamin-Backed Deal to Boost Smartphone and Electronics Production in Pakistan
The project aims to strengthen Pakistan’s local manufacturing of smartphones, consumer electronics, and home appliances, supporting the country’s industrialization and import substitution strategy. It also includes the installation of a 1-megawatt solar power plant, which is expected to reduce carbon emissions by around 700 tonnes annually while lowering energy costs.
The investment is expected to increase local production to more than one million affordable smartphones annually, improving digital access across Pakistan. The project is also projected to create around 450 direct jobs within five years, with 25–30% of positions reserved for women, promoting greater female participation in the manufacturing sector.
Officials from Air Link, InfraZamin, and the participating financial institutions described the transaction as a landmark for Pakistan’s industrial and financial sectors. They said the innovative Shariah-compliant financing structure will encourage long-term private investment, strengthen local manufacturing, support technology transfer through global partnerships, and contribute to sustainable economic growth.
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