JS Bank Joins Hands With Rastgar & Co
Karachi – 23rd July, 2018: JS Bank has entered into an agreement with Rastgar & Co. to facilitate domestic manufacturers for purchase of state-of-the-art energy efficient air compressors. The deal was inked by Kamran Jafar, Group Head Corporate & Retail Banking – JS Bank and Maqsood Zulfqar, CEO – Rastgar & Co. in the presence of team members from both companies.
Under the terms of this arrangement, JS Bank will provide clients with credit and leasing facilities to streamline the compressor procurement process for clients of Rastgar & Co. On the other end, Rastagar will provide customers with CompAir Air Compressors which are equipped with iConn devices. These systems allow for predictive compressor maintenance and provide data for improved energy conservation.
The signing ceremony was held at Rastgar’s Korangi office during an open house session. The event was attended by a large number of prominent Pakistani business and industry leaders along with media representatives. Included among these were the Secretary General of the Korangi Industrial Association, Chairman and Vice Chairman of PAAPAM, representatives from trade associations, pharmaceutical, engineering and textile manufacturers. The activity showcased the complete range of products, in the presence of experts from CompAir and Gardner Denver, the originating company’ behind the technology. These representatives including John Fyfe, Charles Joel and Loic Mazet are specialists in their field and were on hand to engage with Pakistani manufacturers on potential opportunities, share learning and advise solutions for overcoming any bottlenecks.