Meezan Bank, Pakistan’s leading Islamic bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest integrated gas company in North Central Pakistan, to enable digitalization of consumer bill collection via the Bank’s state-of-the-art Transaction Banking Solution (eBiz+).
The agreement was signed by Irfan Siddiqui – Founding President & CEO, Meezan Bank and Ali J. Hamdani – Managing Director and CEO, SNGPL in the presence of other key management members including Ariful Islam – Deputy CEO, Abdullah Ahmed – Group Head Corporate & Institutional Banking, M. Saqib Ashraf – Head Transaction Banking and M. Munir – Head Payments and Cash Management from Meezan Bank, and Faisal Iqbal – Chief Financial Officer, SNGPL said a news release issued here on Tuesday.
As per the agreement, Meezan Bank will provide transaction banking services (eBiz+) to SNGPL enabling payment of gas bills by the residents of Punjab, Khyber Pakhtunkhwa (KPK) and Azad Jammu & Kashmir (AJ&K) via e-channels and branch banking avenues offered by the Bank.
On the occasion, Ali J. Hamdani shared SNGPL’s ambition to become a leader in sourcing energy across Pakistan while providing ease of access to its consumers via eBiz+ collection services.
Irfan Siddiqui, also commented on the occasion, stating, “The agreement between Meezan Bank and SNGPL will not only strengthen the Bank’s transaction banking portfolio but will also improve the bill collection process by making it more accessible to millions.
SNGPL is already a trusted corporate client for the Bank and this agreement further strengthens our relationship.”