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. The mandate marks a significant expansion of the bank’s footprint among multinational corporates operating in Pakistan.
Under the agreement, Standard Chartered will deliver end-to-end working capital financing, cross-border payment facilitation, and collections solutions for Dawlance and its group entities in the country. The partnership underscores the bank’s capability to provide integrated, technology-led financial services tailored to the needs of global manufacturers with local operations.
The signing ceremony was attended by Shada El Borno, Regional Head of Global Subsidiaries for UAE, Middle East & Pakistan at Standard Chartered, and Umar Ahsan Khan, CEO of Dawlance. Also present 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, CFO of Dawlance Pakistan.
Arslan Nayeem, Head of Coverage at Standard Chartered Pakistan, said the mandate reflects the trust multinational clients place in the bank’s ability to deliver scalable, value-added 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 stated.
Dawlance CEO Umar Ahsan Khan said the collaboration will further enhance 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 added.
