MoU signed to promote energy conservation

Karachi, June 09, 2011 (PPI): SME Leasing Limited, a subsidiary of SME Bank Limited, and SME Business Support Fund recently signed a Memorandum of Understanding, to facilitate cooperation between the parties for encouraging and promoting energy efficiency and conservation programs in Pakistan.

Both the parties have agreed to cooperate and facilitate each other for the development of SMEs in Pakistan by creating awareness and encouraging use of fuel efficient devices and equipment through agreed means.

The agreement was signed by Syed Saquib Mohyuddin -Chief Executive Officer - SME Business Support Fund and by Mrs. Arjumand A. Qazi - Chief Executive Officer - SME Leasing Limited in a meeting held at the Main Office of SME Leasing Limited in Karachi.

SME Leasing Limited specializes in providing financial solutions to small and medium enterprises in Pakistan. The company has been a pioneer in the field and has assisted in establishing several SMEs from the start to bringing them to a sizeable and bankable entity.

The company has been engaged in leasing of equipment with a view to promote the Governments’ efforts to reduce energy wastage and increase productivity.