Standard Chartered Pakistan Limited has been awarded the working capital banking mandate by EMAAR Pakistan, marking a significant milestone in the collaboration between the country’s banking and real estate sectors. The mandate positions Standard Chartered as EMAAR’s key banking partner for its Karachi-based projects, enabling the bank to provide a comprehensive suite of financial solutions, including working capital support and mortgage financing for both resident and overseas Pakistanis.
The agreement was formalized in a signing ceremony attended by senior executives from both organizations. Representing Standard Chartered were Saadya Riaz, Head of Wealth & Retail Banking, along with Arslan Nayeem, Head of Coverage Pakistan; Shada El Borno, Regional Head of Global Subsidiaries UAE, Middle East & Pakistan; and Motasim Iqbal, Regional Head of Corporate Sales for MEA & Pakistan. EMAAR Pakistan’s delegation included Chief Executive Officer Aziz Jindani, Chief Financial Officer Ali Baig, and Senior Manager Finance Asim Khan.
Under this mandate, Standard Chartered Pakistan will extend tailored mortgage solutions to Pakistani citizens interested in investing in EMAAR’s premium residential and commercial developments. The offerings cover upcoming real estate projects under EMAAR’s portfolio and are accessible to both local and overseas investors. This initiative follows an earlier agreement earlier this year, in which Standard Chartered supported EMAAR’s ongoing real estate ventures through working capital facilities, highlighting a deepening partnership between the two organizations.
EMAAR Pakistan CEO Aziz Jindani emphasized that the collaboration underlines the company’s commitment to strengthening the real estate sector and boosting investor confidence. He noted that partnerships of this scale promote transparency, credibility, and trust within the industry, supporting EMAAR’s broader goal of delivering transformative urban projects that contribute to Pakistan’s evolving landscape.
From the banking perspective, Standard Chartered’s Head of Wealth & Retail Banking, Saadya Riaz, highlighted that the mandate demonstrates the bank’s capacity to leverage its global network and longstanding client relationships. The partnership reflects the bank’s strategic approach to providing innovative and flexible financial solutions that meet the evolving needs of investors and property buyers in Pakistan’s growing real estate sector.
The initiative is expected to create seamless access to financing for both local and international investors, allowing them to participate in EMAAR Pakistan’s premium developments. Through this mandate, Standard Chartered aims to facilitate structured financial solutions, support large-scale urban development, and enhance overall market confidence in Pakistan’s real estate sector.
This partnership also reinforces the trend of collaboration between global banking institutions and domestic real estate developers, bringing international expertise, credibility, and financial efficiency to large-scale property projects. By combining EMAAR’s real estate expertise with Standard Chartered’s financial solutions, the initiative aims to boost investment activity and support sustainable urban growth.
Overall, the working capital mandate awarded to Standard Chartered Pakistan by EMAAR Pakistan represents a strategic alignment between banking and real estate, ensuring robust financing solutions for property investors while contributing to the long-term development of Pakistan’s urban infrastructure and real estate market.
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