Bankislami enrolls in K-Electric’s CBM

KARACHI: BankIslami Pakistan Limited (BankIslami) has entered into an agreement with K-Electric Limited (KE) to enroll in their Centralised Billing Mechanism (CBM), a statement said on Friday.

By signing the agreement, BankIslami becomes the first Islamic bank to enter this programme. The signing ceremony was held at BankIslami head office.

Under the agreement, CBM consumers would be able to make a single centralised payment to pay for multiple due payments for all their KE meter connections. A designated KE Corporate Consumer Desk would also be available to assist consumers to facilitate them in exemptions from late payment surcharges and exemption from disconnection, the statement added. Sadarudin Pyar Ali, head of administration at BankIslami, said, “Being part of KE’s centralised billing mechanism is a progressive step towards adopting best practices that are mutually beneficial to both organisations and foster a corporate culture of innovation.”