Standard Chartered Secures EMAAR Pakistan Banking Mandate

Standard Chartered Pakistan has been appointed as EMAAR Pakistan’s working capital banking partner, strengthening ties between finance and real estate. The mandate includes mortgage solutions for both resident and overseas Pakistanis, boosting investor confidence in Karachi’s property market.

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Standard Chartered (Pakistan) Limited has been awarded the working capital banking mandate by Emaar Pakistan, a move that underscores the growing collaboration between Pakistan’s financial and real estate sectors. The mandate establishes Standard Chartered as EMAAR’s banking partner for its Karachi-based projects, enabling the bank to provide a wide range of financial services. These include working capital solutions and tailored mortgage facilities designed for both resident and non-resident Pakistanis interested in EMAAR’s premium residential and commercial developments.

The agreement was formalized at a signing ceremony attended by senior executives from both organizations. Saadya Riaz, Head of Wealth & Retail Banking at Standard Chartered Pakistan, and Aziz Jindani, CEO of EMAAR Pakistan, signed the mandate alongside other senior representatives.

This partnership builds on an earlier agreement between the two companies to support EMAAR’s real estate ventures through working capital facilities. EMAAR’s CEO emphasized that such collaborations enhance transparency, credibility, and investor confidence, while contributing to Pakistan’s urban development. Standard Chartered highlighted its ability to leverage its global network and client relationships to deliver value. Together, the alliance aims to strengthen Pakistan’s property sector and provide accessible financing options for local and overseas investors.