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Daraz and Meezan Bank Partner to Drive Electric Bike Adoption in Pakistan

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Karachi: Meezan Bank, Pakistan’s leading Islamic bank, and Daraz, Pakistan’s largest e-commerce platform, have signed a Memorandum of Understanding (MoU) to support and encourage the use of electric bikes in Pakistan. Through this partnership, Meezan Bank will provide Shariah-compliant financing for electric bikes to Daraz delivery staff/riders across the country.

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The MoU was signed by Syed Iftikhar ul Haq – Group Head, Consumer Finance, Meezan Bank and Ahmed Tanveer – Chief Operating Officer of Daraz Pakistan, in the presence of senior executives from both organizations.

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On this occasion, Syed Iftikhar ul Haq remarked, “We are excited to collaborate with Daraz in promoting electric bikes in Pakistan. Together, we are working to reduce emissions and provide a more cost-effective and eco-friendly transportation solution that will benefit both our environment and the local community.”

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Ahmed Tanveer added, “We are fully committed to enhancing our customers’ delivery experience while actively contributing to a greener and more sustainable Pakistan. Through our collaboration with Meezan Bank, we hope that we are not only able to encourage environmentally responsible practices but also provide our riders with a more economically viable solution in light of rising fuel costs.”

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This collaborative effort between Meezan Bank and Daraz Pakistan signifies a substantial stride towards a cleaner and more sustainable transportation future in Pakistan.

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