Standard Chartered dismisses rumors about winding up operations in Pakistan

News Image

MG News | July 09, 2019 at 10:40 AM GMT+05:00

0:00

July 9, 2019 (MLN): Standard Chartered Bank has shut down all rumors regarding winding up its operations in Pakistan, via an announcement on its official social media handle.

Rumors about the bank’s decision to transfer its accounts to Habib Bank Limited (HBL) and closing down operations in Pakistan have been doing the rounds lately.

However, the banking authorities took to their social media handle to address the rumor with a clear denial. They further added that, “Standard Chartered has been operating in Pakistan for over 150 years and is absolutely committed to the country. We are very proud to serve our clients in this country.”

Standard Charted first established its operations in Pakistani back in 1863 and merged its subsidiary Standard Chartered Bank Pakistan with Union Bank in 2006, to create the country’s sixth largest bank.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 162,980.64
155.50M
-0.20%
-323.49
ALLSHR 99,203.00
369.20M
-0.18%
-177.97
KSE30 49,726.99
49.39M
-0.23%
-115.52
KMI30 237,734.69
25.21M
-0.16%
-369.48
KMIALLSHR 65,392.79
162.39M
-0.30%
-198.15
BKTi 45,549.28
28.01M
-0.34%
-156.01
OGTi 32,554.02
1.51M
-0.36%
-117.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,670.00 115,730.00
113,495.00
4930.00
4.45%
BRENT CRUDE 66.19 66.64
65.95
0.25
0.38%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 61.74 62.17
61.49
0.24
0.39%
SUGAR #11 WORLD 14.97 15.34
14.93
-0.32
-2.09%

Chart of the Day


Latest News
October 27, 2025 at 10:39 AM GMT+05:00

FEROZ kicks off FY26 with a healthy dose of growth


October 27, 2025 at 10:32 AM GMT+05:00

Pakistan Oxygen delivers profit over 3-fold in 9MFY25


October 27, 2025 at 10:25 AM GMT+05:00

Fitch sees limited fiscal room but solid APAC growth


October 27, 2025 at 10:05 AM GMT+05:00

Macter profit jumps 64% to Rs145m in 1QFY25


October 27, 2025 at 10:05 AM GMT+05:00

Century Paper's 3MFY25 profit plunges to Rs13m



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg