Philips & Standard Chartered Launch 0% Interest Aasan Installment Financing Scheme

Thursday, June 19, 2003

 

Philips Consumer Electronics Pakistan & Standard Chartered Bank Pakistan have entered into a partnership for launching a 0% Aasan Installment Scheme for Philips Consumer Electronics products, when a purchase is made through the Standard Chartered Credit Cards network.

In the signing Ceremony, Mr. Shahid Zaki, CEO Philips Electrical Industries of Pakistan, & Mr. Mujtaba Abbas, GM Credit Cards & Personal Loans Standard Chartered Bank, expressed their conviction regarding the scheme and were in agreement about the vast opportunity available to both their consumers through this alliance.


Mr. Anis Ahmed, Corporate Financial Controller, Philips Electrical Industries of Pakistan & Ms. Uzma Ahmed, Marketing Manager Credit Cards Standard Chartered Bank, witnessed the signing of the agreement.

Any questions? Please contact

Fariha Shah


Integrated Marketing Communications Officer
Marketing Consumer Electronics
F-54, S.I.T.E.
Karachi - 75730
Tel:  +92 (21) 2564028   
Fax:  +92 (21) 2563826
Email:  fariha.shah@philips.com


About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lighting and consumer lifestyle, delivering people-centric, innovative products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 134,200 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, as well as lifestyle solutions for personal wellbeing. News from Philips is located at www.philips.com/newscenter.