Ufone and Faysal Bank launches Industry’s first smartphone plans

Karachi – August 30, 2013: Ufone, an Etisalat Group Company, and Faysal Bank, one of the leading private sector banks, introduce an industry firstcontract package plan on zero interest. The package plan is a 360 degree solution with a unique tailor made contract plan package bundled with top of the line smart phones.

This exclusive package not only offers smartphones at discounted rates but also an easy payment option through installments along with enormous savings on the voice plan and a complimentary Golden Category Special number, if required. This service is for Faysal Bank’s credit card customers and is offeredwith no markup or down payment.

Commenting on the launch of this new offer, Mr. Abdul Aziz, President and CEO at Ufone said “Ufone has always endeavored to offer the most affordable and exceptional services for its customers. The aim of this “never-done-before” partnershipis to extractthe true value of a Postpay Connection as seen in developed nations which pre-dominantly are the postpaid markets and offer handset over installments bundled with a high value voice plan and data needs. In contrast the only differentiation currently found in the local industry between postpaid and prepaid is based on the billing type with little or no perceived value over connection preference”.

On this occasion, Mr.Naveed A. Khan, President and CEO at Faysal Bank commented, “Faysal bank has always strived to provide exceptional value and innovative solutions to our customers and we are delighted to havepartnered with Ufone in providing smart solutions to our customers’ lifestyle needs. We believe today’s Smartphone useris highly aware of their needs and a market opportunity existed for us to bring innovation and ease of use to the client with custom options such as unlimited access to the online world. Recognizing such needs we have coupled unlimited Data and SMS services along with hundreds of free voice minutes offered under this deal”

Currently, three devices are being offered in this promotion including Samsung S4, Blackberry Q10 and Blackberry Z10. The installment plan is for 12 months which comprises of no markup or any other extra charges, only the installment price of the phone and the voice plan bundle charges are included. However, the plan shall continue to add other upcoming top of the line smart phones as they are launched in Pakistan

Notes to Editors:

About Ufone

Ufone the leader in innovation is an Etisalat Group Company with its presence in all the major cities of Pakistan along with a comprehensive coverage across all major towns, villages and tehsil headquarters of the country. The company employs more than 3,850 people and operates with a network of more than 380 franchises and 23 company-owned customer service centers along with a distribution network of 150,000 outlets nationwide.

About Faysal Bank Limited

Faysal Bank Limited (FBL) was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. Currently, the Bank shares are listed on the Karachi, Lahore and Islamabad Stock Exchanges (FABL). Faysal Bank is engaged in Corporate, Commercial, Retail and Islamic Banking activities. The Pakistan Credit Rating Agency Limited (PACRA) and JCR-VIS Credit Rating Company Limited have determined the Bank’s long-term rating as ‘AA’ and short term rating as ‘A1 +’ with “Stable” outlook. FBL’s footprint now spreads over more than 260 branches in over 70 cities, with combined business assets in excess of PKR 300 billion, further strengthening its balance sheet and placing it amongst the top ten banks in Pakistan. FBL’s ambition is to provide par excellence service to its customers while meeting their financial needs.