U Bank and Yousuf Dewan Companies Partner for Electric Vehicles Financing

U Microfinance Bank (U Bank) and Yousuf Dewan Companies have joined forces to introduce new financing options for customers interested in purchasing electric vehicles. This strategic partnership aims to make owning electric cars more accessible and cost-effective for consumers.

Under this collaboration, clients of Yousuf Dewan Companies will benefit from exclusive loan packages and bundled services tailored for Honri and KIA electric vehicles. These offerings include assistance with insurance and vehicle registration, providing a comprehensive solution for electric vehicle buyers.

The Memorandum of Understanding formalizing this partnership was recently signed in Islamabad, with the President & CEO of U Bank and the Chairman of Dewan Group leading the agreement. Senior management from both organizations were present to mark the occasion.

Driving Towards a Sustainable Future

Expressing enthusiasm for the collaboration, the President & CEO of U Bank highlighted the opportunity to provide innovative financing solutions for electric vehicle enthusiasts. This partnership is designed to enhance access to affordable mobility options and contribute to a more sustainable future by leveraging the expertise and market presence of both entities.

The Chairman of Dewan Group emphasized the importance of the partnership in offering convenient financing solutions for electric and commercial vehicles. By increasing accessibility to these vehicles, the aim is to improve individual mobility and support sustainability efforts in Pakistan's automotive industry.

About U Microfinance Bank and Yousuf Dewan Companies

U Microfinance Bank Ltd. is a subsidiary of Pakistan Telecommunication Company Limited (PTCL) – e& Group, operating a network of over 375 branches across 210 cities and rural areas. The bank offers microfinance loans, deposit products, and branchless banking solutions to cater to diverse financial needs.

Yousuf Dewan Companies is a diversified conglomerate with interests in automotive, cement, sugar, textile, and trading sectors. Dewan Motors represents BMW, Dewan Farooque Motors Limited focuses on Kia Commercial vehicles, and Eco-Green Motors Limited promotes Honri electric vehicles, contributing to Pakistan's economic growth and industrial development.

Conclusion

The partnership between U Bank and Yousuf Dewan Companies signifies a step towards promoting sustainable mobility solutions in Pakistan. By offering innovative financing options for electric vehicles, the collaboration aims to drive positive change in the automotive industry and support the country's transition towards a greener future.