Meezan Bank, VPL sign agreement

KARACHI: Meezan Bank Limited has recently signed a memorandum of understanding (MoU) with VPL Limited – a leading importer of trucks, buses, construction and mining equipment, generators and tools in Pakistan as their preferred financier, a statement said on Thursday.

VPL Limited’s collaboration with Meezan Bank will support the import of their heavy-duty truck models in the country; further enabling the dealers to offer a complete integrated transport solution to its customers, it added.

Meezan Bank will further strengthen the company’s offering by providing priority processing time, financing of complete unit (truck and trailer), flexible financing terms, lease tenure up to seven years and comprehensive Takaful coverage for all VPL customers.

Under the MoU, Meezan Bank will be the preferred financier for UD Trucks supporting the long-haulage and construction segments in the country, the statement said.