Standard Chartered sees Pakistan as key market, commits extensive investment

September 05, 2024 (MLN): Standard Chartered views Pakistan as a key market with vast opportunities and is committed to deepening its engagement with the country by providing a wide range of investment and financial support, stated Sunil Kaushal, Global Head of Corporate & Investment Banking at Standard Chartered Bank.

Sunil Kaushal made these remarks during a virtual meeting with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to discuss expanding investment opportunities in Pakistan.

The meeting was attended by Rehan Shaikh, CEO of Standard Chartered Pakistan, the Finance Secretary, and other senior officers of the Finance Division.

During the discussion, the Finance Minister underscored the positive trajectory of Pakistan’s macro-economic indicators and expressed the government’s commitment to maintaining economic stability through various reforms.

"Our government is dedicated to creating a conducive environment for foreign investments, ensuring that Pakistan remains a competitive and attractive destination for global investors," Senator Aurangzeb remarked.

The dialogue focused on exploring potential collaborations between the government of Pakistan and Standard Chartered Bank, particularly in sectors such as infrastructure development, digital banking, and sustainable finance.

Kaushal expressed his confidence in Pakistan's economic outlook and reiterated Standard Chartered's long-term commitment to the country.

The meeting concluded with both parties agreeing to explore specific investment projects in the coming months.

The Finance Minister assured the delegation of the government's full support in facilitating their initiatives and expressed his optimism about further strengthening the partnership with Standard Chartered Bank.

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