Business

Daraz and Meezan Bank Partner to Drive Electric Bike Adoption in Pakistan

Meezan Bank, Pakistan’s leading Islamic bank, and Daraz, Pakistan’s largest e-commerce platform, have signed a Memorandum of Understanding (MoU) to support and encourage the use of electric bikes in Pakistan. Through this partnership, Meezan Bank will provide Shariah-compliant financing for electric bikes to Daraz delivery staff/riders across the country.

Daraz and Meezan Bank Partner to Drive Electric Bike Adoption in Pakistan

The MoU was signed by Syed Iftikhar ul Haq – Group Head, Consumer Finance, Meezan Bank and Ahmed Tanveer – Chief Operating Officer of Daraz Pakistan, in the presence of senior executives from both organizations.

On this occasion, Syed Iftikhar ul Haq remarked, “We are excited to collaborate with Daraz in promoting electric bikes in Pakistan. Together, we are working to reduce emissions and provide a more cost-effective and eco-friendly transportation solution that will benefit both our environment and the local community.”

Ahmed Tanveer added, “We are fully committed to enhancing our customers’ delivery experience while actively contributing to a greener and more sustainable Pakistan. Through our collaboration with Meezan Bank, we hope that we are not only able to encourage environmentally responsible practices but also provide our riders with a more economically viable solution in light of rising fuel costs.”

This collaborative effort between Meezan Bank and Daraz Pakistan signifies a substantial stride towards a cleaner and more sustainable transportation future in Pakistan.

Follow INCPAK on Facebook/Twitter/Instagram for updates.

Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share

Related Articles

Back to top button