Air Link Communication Limited (PSX: AIRLINK) has signed a memorandum of understanding (MoU) with IMIKI Corporation to manufacture smart wearable devices in Pakistan.
“Muzzaffar Hayat Piracha, CEO Air Link Communication Limited (Airlink) is privileged to have accompanied the Honourable Prime Minister of Pakistan, Muhammad Shehbaz Sharif, on a landmark visit to China, where Airlink has signed a momentous MOU with IMIKI Corporation to manufacture smart wearable devices. Yet another initiative of Airlink in paving the way for innovation and technological advancement in Pakistan,” the company said in a stock filing on Wednesday.
The signing ceremony was attended by senior officials including the Federal Minister for Commerce, Jam Kamal Khan, Federal Minister for Industries and Production, Rana Tanveer Hussain, Federal Minister for Privatisation, Abdul Aleem Khan, and Federal Secretary of the Board of Investment, Rahim Hayat Qureshi.
“This collaboration signifies a crucial step forward in solidifying the technological partnership between Pakistan and China,” AIRLINK added.
AIRLINK imports, export distribution, wholesale, retail of communication and IT-related products and services including cellular mobile/smartphones, tablets, laptops accessories and allied products.
At the time of filing, the company’s scrip at the bourse was Rs. 77.45, down 0.46 percent or Rs. 0.36 with a turnover of 13.36 million shares on Wednesday.
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