Meezan Bank, ENA sign deal

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has signed a supply agreement for green energy, power solution with Energy N Automation (Pvt) Ltd (ENA), a company of Jaffer Business Systems (JBS), a statement said.

Under this agreement, ENA would provide power backup to Meezan Bank’s 820 branches countrywide, aiming to reduce carbon footprint by more than 23,000 tonnes per year from the environment.

The agreement was signed by Meezan Bank Executive Vice President Riaz Ahmed, and JBS Chief Executive and Director Veqar Islam.

Ahmed said, “We are pleased to have found a trusted technology partner in ENA to cater to our power demand, through which we can also support our customers with uninterrupted services as well as reduce our carbon footprint.”

Islam said, “Meezan Bank is one of our valued customers and we at ENA and JBS will leave no stone unturned to provide the bank with unmatched service.”

ENA CEO Amir Salman said, “With the adoption of super capacitor battery module, Meezan Bank will not only significantly improve its uptime, but will also contribute to a greener world by reducing its carbon footprint and fuel consumption through lesser reliance on fossil fuels to power its branches.”