April 29, 2026 (MLN): Air Link Communication Limited’s (PSX: AIRLINK) Board of Directors has approved the incorporation of a wholly owned subsidiary under the name AirFin Consumer Finance (Pvt.) Limited, marking the company's strategic entry into the consumer finance sector with Buy Now, Pay Later (BNPL) as its principal line of business.

The proposed subsidiary, whose name remains subject to confirmation by the Registrar of Companies, will operate under Investment Finance Services, pending the issuance of a No Objection Certificate (NOC) and formal licensing from the Securities and Exchange Commission of Pakistan (SECP).

The Board has approved an initial investment of Rs. 500,000,000 structured as 50,000,000 ordinary shares at a par value of Rs. 10/- each, fully held by the parent company, Air Link Communication Limited, according to company’s on PSX.

The move signals Air Link's intent to diversify beyond its core communications and technology business by tapping into Pakistan's rapidly growing digital consumer finance landscape, where BNPL solutions have gained considerable traction among retail consumers.

The subsidiary's formal establishment remains contingent upon regulatory approvals from the SECP.

Copyright