Standard Chartered Bank Pakistan

Standard Chartered Pakistan and British International Investment (BII), the UK’s development finance institution and impact investor, made their first disbursement of $3.5 million to Kashf Foundation under their unfunded Risk-Participation Agreement. This disbursement marks a significant milestone for both institutions’ commitment to supporting financial inclusion, empowering underserved communities, and catalysing private sector-led growth. Through this…

Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance with a profit before tax of PKR 32.9bn compared to PKR 49.3bn in H1’24. The Bank posted a revenue of PKR 44.4 bn lower by 24% compared to H1’24, primarily due to a sharp reduction in interest rates. This was partially offset by an increase…

Standard Chartered Bank hosted a focused client engagement event in Karachi, bringing together leading technology and IT-enabled service providers to explore strategic approaches to managing cross-border growth. The discussion focused on how tailored foreign exchange (FX) solutions can support businesses in navigating international markets with greater confidence and efficiency. Pakistan’s tech exports are one of…

Standard Chartered Pakistan and Emirates have entered into a strategic partnership by signing a Memorandum of Understanding (MoU). The collaboration offers significant benefits to Standard Chartered Credit Card holders, special fares on tickets purchased online through the Emirates website. Additionally, customers can opt to split their payments into convenient monthly installments of up to 12…

Standard Chartered Bank (Pakistan) Limited (“Standard Chartered”) has partnered with Haball, the leading provider of digital supply chain payments solutions and Hutchison Ports KICT, to automate and digitalise its payment systems. This mandate has positioned Standard Chartered as one of the core banks for KICT, enabling it to provide real-time, API driven reporting and account…

Standard Chartered Pakistan has partnered with ConnectHear to implement Pakistan’s first ever virtual sign language interpretation application. This innovative app enables seamless communication for individuals with hearing impairments, providing them with instant access to interpretation services at the tap of a button. This application will be rolled out across 10 SC branches nationwide, ensuring increased…

Standard Chartered Bank (SCB) Pakistan recently implemented an improved IATA EASY PAY solution tailor made for the Pakistan market to streamline BSP ticketing and payment processes for IATA Agents in Pakistan. This closed-loop solution enables IATA Agents to pre-fund their IATA EASY PAY accounts which will be used to issue airline tickets and additional air…

The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on Wednesday, 23 October 2024. Hosted as a hybrid event, this prestigious gathering brought together global Shari’ah scholars for an engaging dialogue on the topic of “Islamic Finance: Transforming for a Better Tomorrow’. The Global Shari’ah Majlis comes at an…

Standard Chartered held a Market Outlook event, “Navigating Market Trends & Investment Opportunities” in Karachi. This was the third session in a series of market outlook events that the Bank hosts for its clients throughout the year. The event brought together the Bank’s Affluent clients, leading economists, and experts from its product partners to discuss…

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53% in profit before tax to PKR 24.7 billion. Overall revenue grew 44%, whereas client revenue increased by 36% year on year with positive contributions from all segments. While operating expenses increased 22% from comparative period in line…