KARACHI: ENERCON and SME Leasing Limited, a subsidiary of SME Bank Limited, has signed an agreement to promote the use of fuel efficient devices and equipments to control carbon emissions in the transport sector of Pakistan in particular and other energy efficient devices in general.As agreed by both the entities, ENERCON through SME Leasing Limited will be extending credit for lease finance facilities (at below market rates) for the equipment used for conservation of energy.The agreement was signed by Faridullah Khan, Managing Director ENERCON, and by Arjumand A. Qazi, Chief Executive Officer SME Leasing Limited, in a meeting held at ENERCON Head Office in Islamabad.
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 bringing them to a sizeable and bankable entity.ENERCON is the national coordinating platform tasked with the vital and challenging mandate of efficiency culture change in the energy use in all sectors of economy. Being a cross sector challenge the support of private sector is absolutely vital for achieving the goal of national energy security through energy conservation (EC) and energy efficiency (EE) culture change.ENERCON welcomes the initiative of SME Leasing Limited for showing corporate social responsibility (CSR) by partnering with ENERCON for the national cause of energy EC and EE. – Brecorder