Bank Alfalah Islamic, Ghandhara Industries signs MoU

Karachi, April 15, 2019: Bank Alfalah Islamic has recently signed a Memorandum of Understanding with Ghandhara Industries Limited (GIL) for promoting Isuzu D Max variants.

GIL is a public limited company quoted on the Stock Exchanges and registered under the Companies Act, 1913 (now companies Ordinance, 1984).

The major business activities of the company comprise of progressive manufacturing, assembly and marketing Isuzu Pickups, Trucks, and Buses along with fabrication of wide range of superstructures on all kind of chassis.

Under this MoU, Bank Alfalah Islamic and Ghandhara Industries Limited have agreed on a joint campaign to promote “Isuzu D-Max Pickup variants” through Bank Alfalah Islamic’s Auto Finance product.

Muhammad Kuli Khan Khattak –Deputy CEO, while highlighting the unique features of the vehicle, said that “D-Max” is armed with a horde of additional safety features: emergency brake assist, traction control system, electronic stability control, hill start assist & hill descent control.

It has an action packed machine contrived by the headiest brains for a top-notch altitude of Competence and Resilience. Isuzu D-Max offers a range of tough, resilient & comfortable vehicles ready for any conditional driving encounters, he added.

Dr. Muhammad Imran –Group Head, Bank Alfalah -Islamic Banking Division said “Bank Alfalah Islamic welcomes Ghandhara Industries D max variants in Pakistan’s Automotive Industry.

The alliance between both parties will boost a healthy competition in the market. Through this partnership, we will be providing attractive financing package exclusively for D-Max variants including benefits such as early vehicles delivery as well as free initial services, he added.

The signing ceremony took place at Bank Alfalah Head Office, Islamic Banking Division – I.I Chundrigar Road, Karachi.

Dr. Muhammad Imran –Group Head Bank Alfalah Islamic Banking, Muhamid Jamal Ansari- Head Consumer Finance Islamic Banking, S. Nabeel Ahmed Head Autos, Bank Alfalah Islamic Banking, Muhammad Kuli Khan Khattak DCEO Ghandhara Industries Limited, Imran Rashied –Head of Marketing & Sales, D-MAX Pickup Division Ghandhara Industries Limited attended the ceremony with their respective teams.

MOU has been signed by Dr. Muhammad Imran –Group Head Bank Alfalah Islamic Banking Division & Muhammad Kuli Khan Khattak –DCEO Ghandhara Industries Limited.

MOU has been signed by Dr Muhammad Imran –Group Head Bank Alfalah Islamic Banking Division & Muhammad Kuli Khan Khattak –DCEO Ghandhara Industries Limited.

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