Airlink Communications, which is listed on the Pakistan Stock Exchange (PSX) as AIRLINK, has experienced remarkable growth, with its earnings per share (EPS) increasing from PKR 2.5 last year to PKR 11.7 this year.
The company, along with its subsidiary Select Technologies, continues to lead the mobile phone market. Recent reports indicate that Airlink is gearing up to enter the electric vehicle (EV) sector—a move that could significantly impact both the company and Pakistan’s economy.
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After the Xiaomi SU7 Max electric vehicle was spotted at Karachi Port, sources at ProPakistani investigated further and revealed that Airlink plans to launch an electric car in Pakistan soon, which also has considerable export potential.
The base variant of the SU7 is priced at ¥215,900, roughly translating to PKR 8.5 million, positioning the Xiaomi SU7’s price in Pakistan near that of luxury vehicles. Given the limited market for high-end EVs in the country, the company may be considering exporting the vehicle and targeting right-hand drive markets worldwide, akin to strategies used by Changan and Master Motors.
Developed in partnership with Xiaomi, this electric car has been competing against major players like BYD and Tesla in China and is anticipated to launch in the Pakistani market soon.
In addition to this significant development, Airlink has various growth opportunities ahead that could substantially increase the company’s earnings in the coming years. For example, revenue from its smart TV sales is expected to start being reported in November 2024, expanding the company’s product range. Moreover, Airlink is working on acquiring a 5G license from the Government of Pakistan, which will improve connectivity and deliver considerable financial advantages for both the company and the government.
CEO Muzzaffar Piracha also shared that Airlink expects to generate a minimum of PKR 25 billion in revenue from laptop sales in FY25, with at least 150,000 units expected to be sold. Additionally, the company is engaged in advanced-level discussions with the government regarding mobile exports, which are expected to further increase its revenue potential.
A major issue being tackled in these discussions is the elimination of discrepancies in the import and export of mobile-related equipment. Currently, there is an 80% duty on importing charger components, while fully assembled chargers are exempt from duties. The government aims to resolve these inconsistencies, which will not only promote local manufacturing but also open new export opportunities for Airlink.
