Millat Tractors Limited (MTL) and Habib Bank Limited (HBL) signed a MoU on 5th July 2021 wherein the Raw Material Vendors of Millat Tractors will be facilitated for Bill Discounting facility at competitive Markup rate backed up with relaxed & easy security/collateral.
The MoU was signed by Mr. Sohail A. Nisar (CFO MTL) and Mr. Asad Altaf (HBL – Regional Corporate Head Central). Both MTL and HBL exchanged views on making this development fruitful for the vendor industry.
Ceremony was attended by Mr. Sohail Bashir Rana (Director MTL) along with Mr. Ehsan Ul Haq (General Manager Eng. & Supply Chain) and Mr. Omar Nazir Warraich (HBL – Head SME Banking).