Bank Alfalah and NCCPL Sign Partnership MoU

Bank Alfalah Limited and the National Clearing Company of Pak Ltd. (NCCPL) have signed a Memorandum of Understanding to expand the role of commercial banks in Pakistan’s capital markets. The agreement aims to boost liquidity, widen the investor base, and strengthen market participation.

Under the MoU, Bank Alfalah will assess options such as financing through the Margin Trading System, becoming a custodian clearing member, exploring professional clearing membership, using NCCPL’s capital gains tax system, and working on Shariah-compliant financial solutions. The partnership also seeks to connect non-resident Pakistanis through Roshan Digital Accounts, offering them direct access to local capital markets.

Atif Bajwa, President and CEO of Bank Alfalah, said the collaboration reflects the bank’s commitment to deepening capital markets and creating new investment opportunities for both local and overseas investors. NCCPL CEO Naveed Qazi highlighted the joint effort to introduce products that improve efficiency and transparency in Pakistan’s financial system.

The MoU reflects the shared vision of both institutions to build a stronger and more diverse financial sector.