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Business & Finance Print edition: 2023-01-11

Dawlance, HMBL sign accord on financial facilities for contractors

Published January 11, 2023 Updated January 11, 2023 05:53am
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KARACHI: Dawlance has signed a Memorandum of Understanding 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 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 thanked 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”, he added.

Copyright Business Recorder, 2023

SCF Dawlance HMBL

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