Panther Tyres Fully Repays Rs. 2 Billion Sukuk Debt

Panther Tyres Limited has redeemed its privately placed short-term Sukuk certificates worth Rs. 2 billion, successfully meeting all principal and profit obligations upon maturity.

In a notice submitted to the Pakistan Stock Exchange (PSX), the company said the Sukuk was redeemed on June 30, 2026, together with the payment of all accrued profit, fully discharging its obligations under the terms of the Islamic debt instrument.

The disclosure was made under Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book. The company said it has fully discharged all obligations relating to the Sukuk issuance in accordance with its terms and conditions.

Founded in 1983, Panther Tyres has grown into one of Pakistan’s major tyre and tube manufacturers, producing tyres for motorcycles, passenger cars, light commercial vehicles, trucks, buses and agricultural vehicles.

The Lahore-based company operates one of the country’s largest tyre manufacturing facilities and exports its products to multiple international markets. It was converted into a public limited company in 2003 and is listed on the Pakistan Stock Exchange.