TPL Corp has recently signed a deal with the Bank of Punjab (BoP). The deal was locked to ensure the establishment of several real estate projects. The signing agreement was attended by senior officials from both parties. The CEO of TPL Corp., Ali Jameel, was present on behalf of TPL Corp. Whereas the president and CEO of the Bank of Punjab were present on behalf of BoP.
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The Bank of Punjab has approved a loan of Rs 4.5 billion which will be used to develop a technology park in Sindh along with a residential project. The funds will be further used by TPL for expansion in the future.
The CEO, TPL Corp stated that the digital landscape of Pakistan’s real estate sector seems promising, He also added,
“We are grateful to Bank of Punjab for extending their support to us … as it has taken us a step closer to making our vision a reality.”
The president and CEO BoP was also quite pleased with the transaction, he added,
“These transactions, exclusively led by BOP, are a testimony of the bank’s commitment towards construction led growth of the country”
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