DAWLANCE PARTNERS WITH MEEZAN BANK FOR CASH-MANAGEMENT THROUGHOUT ITS SALES NETWORK

Karachi: December 2, 2019 – Dawlance is the technology-leader in Pakistan’s home-appliances market. It is a fully owned subsidiary of Arcelik – the largest Turkish white goods enterprise, which is also the third-largest white goods brand by Sales in Europe. Dawlance has now entered a partnership with Meezan Bank for providing an innovative Cash-Management solution to secure Dawlance’s sales transactions. Meezan Bank will deploy an end-to-end, tailor-made Collections Solution to facilitate the largest Dealer network of Dawlance.

A formal ceremony was held recently, at the Dawlance Head-Office, where the Chief Executive Officer of Dawlance – Mr. Umar Ahsan Khan and the Chief Financial Officer of Dawlance – Mr. Farhan Akram personally signed the agreement. On behalf of Meezan Bank, the SEVP & Group Head of Corporate & Institutional Banking – Muhammad Abdullah Ahmed, the EVP & General Manager of South Corporate & Institutional Banking – Amanullah Shaikh along with Muhammad Saqib Ashraf, the EVP & Head of Transaction Banking Corporate & Institutional Banking were the signatories.

Dawlance CFO, Mr. Farhan Akram said that; “It is a pleasure for us to collaborate with Meezan Bank – the first and the largest Islamic bank in Pakistan, which will provide cash-management services to streamline our sales network and financial operations. Meezan Bank’s cash-management solution will greatly ease our Dealer collection transactions. This initiative is part of our ongoing efforts to continually innovate while remaining focused on using the latest technologies to address the evolving needs of our enterprise.”

As Dawlance products are known for unmatched quality and energy-conservation, this prestigious brand continues to grow, with its sales multiplying rapidly. After establishing the largest sales & service dealers’ network all over Pakistan, Dawlance is now using the latest technologies for adding more accuracy and speed to our operations, with more convenience for our dealers and the consumers.

With the revolutionary trends emerging in the global marketing arena, this collaboration between a leading technology company and a resourceful financial institution, promises to create more attractive offerings, backed by convenient and secured payment options. Millions of consumers express their full confidence on Dawlance products and Meezan Bank’s services, as the two progressive enterprises join hands to facilitate their customers and end consumers.

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