Meezan Bank signs Cash Management Services Agreement with Port Services Limited

Meezan Bank signs Cash Management Services Agreement with Port Services Limited

Karachi, 8th May 2019: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for  payments & cash management services. The agreement was signed by Mr. Abdullah Ahmed - Group Head Corporate & Institutional Banking, Meezan Bank and Mr. Navid Iqbal Sheikh – Director, Port Services Limited (Chairman SDPT) along with key members of their teams.

Under this agreement, the Bank will provide Payments & Cash Management services to Port Services Limited through its state-of-the-art web based electronic solution ‘eBiz+’. With the largest Islamic banking network of 660 online branches in the country, the Bank’s Cash Management suite will help increase efficiency, optimize cash flow position and manage operational complexities to streamline the company's receivables and payables.

Mr. Abdullah Ahmed while speaking at the occasion, said: “This agreement between Port Services Limited, Sialkot and Meezan Bank is a testimony of the Bank’s expertise in the field of payment and cash management services. We are confident that Port Services Limited will benefit from the efficiency and controls provided by the Bank’s digitalized Payments & Cash Management solutions - e-Biz+ that is based on latest technology.”