GNEXT Technology, Apple’s authorized distributor in Pakistan, has joined hands with Bank of Punjab to launch a new installment plan that makes the iPhone 16 family more financially accessible for local consumers. For the first time in Pakistan, customers can now buy any iPhone 16 model on a 0% interest, 0% processing fee plan with a repayment period of up to 24 months. This initiative allows users to own the latest iPhone by paying monthly installments starting as low as Rs. 11,729, creating an affordable pathway for tech enthusiasts who aspire to keep up with Apple’s newest innovations without a heavy financial burden.
The offer is a significant milestone in the local smartphone market, where installment plans typically include hidden fees, processing charges, or higher interest costs. By eliminating these barriers, GNEXT and Bank of Punjab are introducing a transparent and consumer-friendly financing model that is expected to attract a wide segment of buyers across Pakistan. Customers can now spread their payments over two years without worrying about additional costs, making high-end devices more attainable in a market that often struggles with affordability due to currency depreciation and rising import duties.
In addition to affordability, GNEXT has enhanced the value proposition through its Shield+ protection plan, which is bundled with every iPhone purchase under this program. Shield+ offers a one-year extended warranty, extending coverage to two years in total, along with a one-time front screen replacement and a one-time back glass replacement. This after-sales support is designed to address two of the most common issues faced by smartphone users while providing peace of mind that extends well beyond the initial purchase. According to Shahid Khan, CEO of GNEXT Technology, the partnership with Bank of Punjab and the inclusion of Shield+ reflects the company’s commitment to delivering a complete ownership experience rather than just selling a device.
The installment plan and Shield+ benefits are available nationwide through GNEXT’s authorized retail network, ensuring customers across major cities and smaller towns can access the offer. With Apple products often viewed as status symbols and premium lifestyle investments, this initiative is expected to not only boost iPhone 16 sales but also set a new benchmark for financing models in the Pakistani smartphone industry. By removing financial constraints and introducing strong after-sales protection, GNEXT and Bank of Punjab are positioning themselves as key enablers of digital adoption, while reshaping how consumers in Pakistan access premium mobile technology.
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