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villageLAHORE: The NetSol Technologies Ltd announced on Thursday that it had signed an agreement with the Minsheng Financial Leasing Co. Ltd., a leading provider of aircraft leases in Asia.

The agreement which includes product licenses, business process consultancy and on-site implementation services, expands and reinforce a strategic partnership between NetSol and Minsheng that began in 2009.

Two parties have now signed a multi-million dollars agreement for MinSheng financial leasing core leasing system.

"NetSol's partnership with Minsheng is symbolic of the increasing need throughout Asia for leasing and financing solutions, and we are thrilled to strengthen our relationship with one of the region's largest and fastest growing leasing companies," said Salim Ghauri, Chairman and CEO of NetSol Technologies Ltd.

"There are so many large, worldwide IT vendors, but we selected NetSol because the company has many years of professional knowledge devoted specifically to the leasing space," said Zhou Wei, president of Minsheng Financial Leasing Co.

A signing ceremony was held in Beijing earlier this week to honour the expansion of NetSol's partnership with Minsheng.

Copyright APP (Associated Press of Pakistan), 2011

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