ISLAMABAD: Zubair Kasuri: Pakistan’s growing mobile phone manufacturing sector received a major boost as the Initial Public Offering (IPO) of Select Technologies, a subsidiary of Airlink Group, attracted strong investor interest and was oversubscribed by 3.23 times.
According to data from the Pakistan Stock Exchange, the company successfully raised over Rs3.02 billion, with shares sold at a 21.4 percent premium, reflecting investor confidence in the country’s technology and manufacturing sectors.
Industry sources said Pakistan now has more than 30 mobile phone assembly and manufacturing units operating across the country. The sector has attracted significant investment in recent years, helping reduce reliance on imported handsets, save foreign exchange, and create employment opportunities.
Analysts believe the successful IPO highlights growing confidence in Pakistan’s electronics manufacturing industry and could encourage further investment in the sector.
