KARACHI: Dawlance has signed a Memorandum of Understanding (MoU) with Habib Metro Bank Limited (HMBL) to enable the suppliers and contractors of Dawlance, to undertake Supply Chain Finance (SCF) transactions with ease.
The objective of this collaboration is to provide the Dawlance, Pakistan’s leading manufacturer of home appliances, vendors with the option to avail invoice financing from the CashNow® platform of HMBL.
The CashNow® portal is a convenient tool – structured to execute Supply-Chain Finance transactions for vendors and contractors of resourceful companies. So, Dawlance vendors can derive tremendous advantages by availing HMB financing facilities, against their invoices, for smooth execution of Supply-Chain Finance transactions.
The Chief Executive Officer of Dawlance – Umar Ahsan Khan said: “I would like to thank the Habib Metro Bank for creating synergies with Dawlance to enhance the ease-of-doing-business in Pakistan. We are committed to support and build-capacity of our vendors and contractors, who play a pivotal role in enhancing the quality of our innovative products and strengthening Dawlance as a technology-leader in Pakistan, with sustainable growth. This collaboration with Habib Metro Bank is aimed at strengthening our contractors’ ability to meet their financial and business needs.”
Dawlance is a wholly-owned subsidiary of Arcelik – the second largest manufacturer in Europe. It is committed to create greater solutions and convenience for its business associates, while catering to the evolving needs of the customers in Pakistan and exporting high quality products to other countries.
Dawlance’s award-winning technologies to conserve more than 55 per cent energy, for promising long term sustainability.
Habib-Metro Bank is a leading financial institution of Pakistan and it is a subsidiary of Habib Bank AG Zurich, which has established robust operations in 10 countries, across 4 continents. HABIBMETRO Bank has a network of 498 branches in 198 cities, all over Pakistan.
