Standard Chartered Pakistan has secured a USD 72 million banking mandate from Dawlance, a leading home appliance manufacturer and subsidiary of global brand Beko. The agreement marks a notable expansion of Standard Chartered’s footprint within Pakistan’s multinational corporate segment, reflecting the bank’s growing role in delivering advanced working capital and digital cash management solutions across complex industrial operations.
The mandate positions Standard Chartered as Dawlance’s primary partner for end-to-end working capital financing, payment processing and integrated collections services. The arrangement includes facilities designed to streamline liquidity management, improve treasury workflows and support the group’s cross-border banking needs. For a company like Dawlance, which operates extensive manufacturing and distribution networks nationwide, the mandate is expected to enhance the speed, reliability and digital sophistication of its financial operations.
The partnership was formalised during a signing ceremony attended by senior leadership from both organisations. Representing Standard Chartered was Shada El Borno, Regional Head of Global Subsidiaries for UAE, Middle East and Pakistan, who emphasised the bank’s continued focus on serving global companies operating in emerging markets. Dawlance was represented by its Chief Executive Officer, Umar Ahsan Khan, who highlighted the strategic importance of modernising the company’s financial ecosystem. 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, Chief Financial Officer of Dawlance Pakistan.
According to Standard Chartered Pakistan’s Head of Coverage, Arslan Nayeem, the mandate reinforces the trust multinational conglomerates place in the bank’s ability to build adaptable financial systems. Nayeem stated that the agreement demonstrates how the institution’s technology-enabled offerings can support operational continuity, scalability and growth, particularly for manufacturing groups that operate on tight supply chain cycles. He further noted that the bank continues to invest in digital infrastructure and transactional banking capabilities to better meet the evolving demands of corporate clients.
For Dawlance, the mandate represents a step toward consolidating financial processes under a single banking partner with global reach and advanced digital capabilities. CEO Umar Ahsan Khan said the company expects significant improvements in efficiency, transparency and financial planning as a result of the partnership. He added that Standard Chartered’s international network and its ability to deliver tailored solutions were key factors behind Dawlance’s decision. The company anticipates that the integrated system will help unlock long-term value for its business units, suppliers and distribution partners.
Industry observers view the development as part of a broader trend in Pakistan’s corporate banking sector, where companies are increasingly prioritising digital transaction systems, automated treasury functions and cross-border financing structures. As competition intensifies, banks are focusing on offering platforms that combine digital channels, advisory capabilities and integrated liquidity tools. Standard Chartered’s new mandate is expected to reinforce its competitive position while supporting the wider industrial ecosystem’s transition toward more data-driven financial management.
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