Faysal Bank Limited (FBL) signed a Memorandum of Understanding with Indus Motor Company (IMC). Under this accord both entities will support each other to promote sales and market their offerings to customers. Yousaf Hussain, President and CEO, FBL and Ali AsgharJamali, CEO IMC inked the accord. As per alliance, Bank will facilitate its customers by providing them with exclusive financing and takaful rates on Toyota Fortuner, Toyota Revo, Toyota Camry and newly launched Toyota Rush. With this initiative, customers can avail fast track processing of their financing facility coupled with discounts on availing Bank Credit Cards. Yousaf Hussain expressing his confidence in this strategic alliance said that both organisations are key players of car finance industry. I am sure together we can serve our customers and support each other to achieve common goals”. Tahir Yaqoob Bhatti, Head Retail Banking of Bank said, “I am pleased to see Bank and Indus Motor entering into a long term strategic alliance. Faysal Car Finance can benefit a lot with Indus Motor’s experience and penetration in the market”. Iftikhar Ul Haq, Head Consumer Finance of Bank said that Indus Motor is one of the largest car manufacturers and Bank is one of leading car financing players in Pakistan. With synergies we develop, we are hopeful accord will go a long way in serving business interest and facilitating our customers, he added. Ali Asghar Jamali said, “We are proud to partner with Faysal Bank. We believe that this partnership will enable our valued customers to attain premium Toyota vehicles at competitive financing rates”. Published in Daily Times, October 16th 2018.