Standard Chartered Pakistan awarded banking mandate

KARACHI: Standard Chartered Pakistan has been awarded a comprehensive $130 million banking mandate by Siemens Energy, approved in January 2025, a statement said on Monday.

The mandate covers various banking products that further solidify Standard Chartered’s position as a trusted banking partner for global corporations operating in Pakistan.The partnership is a testament to the bank’s strong network, on-the-ground capabilities, robust digital infrastructure and deep understanding of both local and cross-border financial ecosystems.

“Under the mandate, SC Pakistan will deliver end-to-end solutions tailored to the energy sector’s complex operational needs, while also offering bespoke working capital strategies to enhance liquidity and efficiency,” the bank said in a statement.

“In addition, the bank will provide employee banking services to Siemens Energy’s local workforce, ensuring a seamless banking experience with access to a range of retail banking products and digital services,” it added.