Meezan Bank, Pakistan’s leading Islamic bank, has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest combined gas company in North Central Pakistan, to enable digitalization of consumer bill collection via the bank’s state-of-the-art transaction banking solution (eBiz+), a statement said on Tuesday.

Irfan Siddiqui, founding president and CEO of Meezan Bank, and Ali J Hamdani, managing director and CEO of SNGPL, signed the agreement in the presence of other key management members, including Ariful Islam, deputy chief executive officer; Abdullah Ahmed, group head corporate and official banking; M Saqib Ashraf, head transaction banking; and M Munir, head payments and cash management from Meezan Bank; and Faisal Iqbal, the chief financial officer of SNGPL.

As per the pact, Meezan Bank will provide transaction banking services (eBiz+) to SNGPL, enabling the payment of gas bills by the residents of Punjab, Khyber-Pakhtunkhwa and Azad Jammu and Kashmir (AJ&K) via e-channels and branch banking avenues offered by the bank.

On the instance, Hamdani shared SNGPL’s ambition to become a leader in sourcing energy across Pakistan, while providing ease of access to its consumers via eBiz+ collection services. Siddiqui said: “The agreement between Meezan Bank and SNGPL will not only strengthen the bank’s transaction banking portfolio but will also improve the bill collection process by making it more accessible to millions. SNGPL is already a trusted corporate client for the bank and this agreement further fortifies our relationship.”