KARACHI: Standard Chartered Pakistan has been awarded a comprehensive USD 72 million working capital and cash management mandate by Dawlance, a subsidiary of global home appliance giant Beko, marking a significant strengthening of the bank’s presence among multinational corporates operating in the country.
Under the arrangement, Standard Chartered will provide end-to-end working capital financing, cross-border payment facilitation, and collections solutions for Dawlance and its group entities in Pakistan. The mandate underscores the bank’s capacity to offer integrated, technology-driven banking services tailored to the operational needs of global manufacturers with a local footprint.
The agreement was formally signed by Shada El Borno, Regional Head of Global Subsidiaries for UAE, Middle East & Pakistan at Standard Chartered, and Umar Ahsan Khan, Chief Executive Officer of Dawlance. Also in attendance were Motasim Hasan Iqbal, Managing Director and Head of Transaction Banking Corporate Sales for Africa and the Middle East at Standard Chartered, and Farhan Akram, Chief Financial Officer of Dawlance Pakistan.
Arslan Nayeem, Head of Coverage at Standard Chartered Pakistan, said the mandate reflects the confidence multinational clients place in the bank’s ability to deliver value-added, scalable financial solutions. “This agreement underscores our capability to provide solutions that drive our clients’ growth and operational efficiency. Standard Chartered is dedicated to assisting multinational clients in navigating Pakistan’s dynamic business landscape with agility and innovation,” he noted.
Dawlance CEO Umar Ahsan Khan said the partnership would further streamline the company’s financial operations. “Dawlance’s decision to entrust Standard Chartered with this important mandate highlights their robust network, expertise in innovative solutions, and unwavering commitment to fostering our business growth. We are confident that this partnership will generate lasting value for our stakeholders,” he said.
Copyright Business Recorder, 2025
Comments
Comments are closed for this article.