Islamabad, May 2024: Standard Chartered Pakistan hosted an exclusive meeting between a delegation of international investors representing renowned Asset Management Funds from different parts of the world and the Federal Minister for Finance & Revenue, Mr. Muhammad Aurangzeb, in Islamabad. The meeting aimed to foster collaboration and explore potential investment opportunities in Pakistan’s economy.
Standard Chartered has a rich history in Pakistan, having worked closely with the authorities through its onshore presence and global network. The bank continues to facilitate foreign participation in Pakistan’s local and foreign currency debt and capital markets by engaging with high-profile international investors.
The Minister was accompanied by senior officials from the Ministry of Finance and the Federal Board of Revenue (FBR). During an insightful discussion with international investors, the Minister highlighted the government’s tax initiatives and macroeconomic stability, marked by reduced inflation and a surge in the stock market, reflecting growing investor confidence. The Minister also discussed the potential of key sectors, including infrastructure development, privatizations, IT and technology, agriculture, and energy. These sectors present opportunities for growth and investment, and the government is committed to supporting their development.
This initiative underscores Standard Chartered’s commitment to nurturing economic growth and development within Pakistan by bridging the gap between international investors and local stakeholders. The meeting concluded successfully, with participants expressing optimism regarding future collaborations and investment prospects within Pakistan.
As part of their visit, the investors will also hold meetings with officials from the State Bank of Pakistan, multilateral organisations, local businesses, and other stakeholders to gain a deeper understanding of the current country dynamics and opportunities.
About the Standard Chartered PLC
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
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About the Standard Chartered Pakistan
Standard Chartered Bank (Pakistan) Ltd. is the oldest and largest international bank in Pakistan since 1863. It is also the first international bank to be awarded Islamic banking licence and the first to open an Islamic banking branch.
The Bank serves Corporate, Commercial & Institutional Banking (CCIB) and Consumer Private Business Banking (CPBB) Clients through a comprehensive suite of products and services. Corporate Commercial & Institutional Banking comprises Global Subsidiaries, International Corporates, Local corporates and small & medium size clients, Financial Institutions and Sovereign clients. The product and services offered include deposits & cash management, trade, advisory services, secured lending, structured financing, FX forwards and derivatives.
Consumer Private Business Banking serves priority, premium, personal and business banking clients. The product and service offering include wealth management, deposits, secured lending (mortgages, overdrafts etc.) and unsecured lending (credit cards, personal loans etc.). All segments offer a complete suite of Islamic banking products and services under Standard Chartered Saadiq brand and state of the art digital banking solutions.
Standard Chartered Bank (Pakistan) Limited is listed on the Pakistan Stock Exchange (PSX) and was assigned a rating of AAA / A1+ by PACRA.
The Bank employs more than 2,500 people in Pakistan and has a network of 209 touch points
(40 branches, 134 ATMs and 20 CDMs) across 10 cities.
For more information please visit www.sc.com/pk or follow Standard Chartered Pakistan on
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