Meezan Bank and Amreli Steels sign deal for dealer collection

In a statement on Tuesday, under this transaction banking agreement, Meezan Bank will enable Amreli Steels to fully automate dealer collections through the provision of a state-of-the-art online banking solution called eBiz+.

The partnership will add more value to Amreli Steels by providing an end-to-end transaction banking solution that provides standardized reporting, greater security and efficiency.

The agreement was signed by M. Saqib Ashraf, Head of Transaction Banking at Meezan Bank, and Taha Umer, Financial Controller of Amreli Steels Limited.

Abdullah Ahmed, in his speech at the event, said, "It is a pleasure for us to join Amreli Steels as a Transaction Banking customer. Meezan Bank has always been a futuristic institution that aims to create even more attractive offers to facilitate its customers. At Meezan, we recognize that companies of all sizes need creative cash management strategies to support their operations, and we are pleased that Amreli Steels has taken this initiative."

Shayan Akberali also praised the Bank for successfully launching cash management services and ensuring operational efficiency in the collection processes.