Latest news with #AbdulAleemQureshi
Business Recorder
16 hours ago
- Business
- Business Recorder
Digital supply chain finance solution: UBL and CashNow join hands
KARACHI: UBL has entered into a strategic alliance with CashNow, a leading fintech platform, to revolutionize supply chain finance. The agreement was signed recently at UBL's Head Office in Karachi. This partnership will enable CashNow to power a Digital Supply Chain Finance solution for UBL that will enable the bank's customers to access early payments against approved invoices. 'United Bank is committed to fostering growth across all business sectors, with a strong focus on supporting SMEs,' said Abdul Aleem Qureshi, Group Executive, Branch Banking Group, UBL. 'We are honoured that United Bank has entrusted CashNow with this pivotal Supply Chain Finance initiative,' remarked Mr. Saeed Iqbal, Director/Co-Founder of CashNow. This collaboration is a significant step towards advancing financial and operational excellence in supply chain finance. With this alliance, UBL reinforces its position at the forefront of digital banking innovation, while contributing to Pakistan's broader economic development goals by delivering scalable and technology-driven financial solutions. Copyright Business Recorder, 2025
Business Recorder
14-05-2025
- Business
- Business Recorder
Agriculture: UBL, STL sign deal to promote mechanisation
KARACHI: UBL and Shahzad Trade Link (STL) have signed an agreement to promote the mechanization of agriculture farms in Pakistan. The signing ceremony, held in Karachi was attended by Abdul Aleem Qureshi, Group Executive, Branch Banking and Shahzad Riaz Proprietor, STL along with other senior executives from both organizations was held at the UBL Head Office, Karachi. As pert agreement, both entities have agreed to ensure the availability of Belarus Tractors to the farmers through subsidized financing rate and quick delivery. The agreement focuses on joint sales promotion to encourage small and medium sized land holders to adopt farm mechanization solutions. Under the Farm Mechanization scheme, UBL and STL will collaborate to provide direct agricultural loans at flat mark-up rate of 9.5 percent, with repayment spread over five years' tenure. The partnership between the two entities will help promote the financial inclusion and boost farmer-economics in the country. Copyright Business Recorder, 2025
