Standard Chartered Bank Pakistan : Transmission of Annual Report for the Year Ended 31-December-2023

Futuremakers is our global initiative to tackle inequality and promote greater economic

inclusion in our

markets.

FOCUS AREAS

Global reach targets

$50M IN

FUNDRAISING

& BANK-	LEARN EARN GROW
MATCHING	Empowering the
2019-2023	NEXT GENERATION
Education	Employability
500,000	100,000
adolescent girls	youth for work

Disadvantaged

BENEFICIARIES youth

with a focus on

Girls&

Visually impaired people

Entrepreneurship

50,000

micro & small businesses

Delivering across Pakistan

In Pakistan Futuremakers' programmes empower disadvantaged youth to learn new skills and

improve the next generation's chances of getting a job or starting their own business.

Education

Goal

Empowering adolescent girls with life skills

34,000+ girls empowered since 2016

Employability

We provide vocational training, mentoring, career planning,. upskilling and reskilling opportunities that support young people to become jod ready. .

Employment of the visually impaired

25 Visually impaired employed at the Bank's call centre in Lahore and Karachi

Futuremakers Inclusive Employability Project

Target more than 480 youth with disabilities into formal employment

Entrepreneurship

#SCWomenInTech

SCWomenintech was launched in Pakistan in 2019. Since its launch more than 100 businesses have gone through extensive training, coaching and mentoring sessions out of which 33 businesses have been given the seed money to scale their business further.

Agriprenuer Project

Phase 1 -> Launched in 2020 focused on 900 beneficiaries

Phase 2 -> Launched in 2021. This project will focus on 700 high potential agriprenuers from phase 1 and 303 new agriprenuers

Get involved

$	Donate
All funds in Pakistan are directed towards the Bank's Goal Programme, a programme that
	focuses on empowering adolescent girls by teaching life skills combined with sports. You
	can make a donation at any Standard Chartered Branch. The account details are as
	follows:

Account Name: Right to Play - Futuremakers

Account Number: 18-4743873-18

Fundraise

Take part in any of the fundraising activities planned by Standard Chartered Bank (Pakistan) Limited

Contact

[e-mail]

Standard Chartered is a leading international banking group

We are a international banking group, with a presence in 52 of the world's most dynamic markets and serving clients in over 64 markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

	Standard Chartered Pakistan is proud to be operating in the country as the
	largest and oldest international Bank since 1863.
	Standard Chartered Pakistan employs more than 2,000 people and has a
	network of 172 touch points (40 branches, 112 ATMs and 20 CDMs) across 10
	cities.
	Standard Chartered Pakistan is the first International Bank to get an Islamic
	Banking licence and to open the first Islamic Banking branch in the country.
	Standard Chartered Pakistan is the leading bank for the MNCs operating
	in Pakistan. The Bank is also the market leader for providing USD liquidity
	for Corporates and Financial Institutions in the country.
	Standard Chartered Pakistan plays a leading role in providing FCY liquidity
	solutions through innovative client centric structures.
	Standard Chartered Pakistan is a leading partner of State Bank of Pakistan
	in promoting RMB and increasing its use in Pakistan, which further
	strengthens its role as the main bank for CPEC led initiatives.
	Standard Chartered Pakistan partnered with ANT FINANCIAL in 2019 to
	launch the first block chain based 24/7, cross border wallet-to-wallet
	remittance service between Malaysia and Pakistan.

AWARDS

Strong Recognition

Global Diversity, Equity, & Inclusion Benchmark

Awards 2023

Vision, Strategy, and Business Impact

DEI Structure and Implementation Recruitment Award Work-Life Integration, Flexibility, & Benefits Award DEI Communications Award

DEI Learning and Development Award Connecting DEI and Sustainability Award Community, Government Relations & Philanthropy Award

Gender Diversity Awards 2023

Awards 2023

Employer of Choice

Management Association of Pakistan

Awards 2023 / 2022

Runner-up, Commercial Banks Sector, Financial Category Corporate Excellence Award under the Commercial Bank Sector

Euromoney Market Leaders

Awards 2022

Pakistan - CSR (Highly Regarded)

Pakistan - D&I (Highly Regarded)

Pakistan - Islamic Finance (Notable)

Global Transaction Banking

Innovation

Awards 2022

Best Digital Treasury Management Initiative

Adam Smith Award

Awards 2022/2021

Special Recognition Award

Best Account Receivables Solution for Coca Cola Beverages Pakistan Ltd.

CFA Society Pakistan

Awards 2022

Best Bank 2022, Mid-Size Bank Category

Runner up, Diversity and Inclusion at Workplace Category

Asia Money Award

Awards 2022

Best Bank Award in the ESG category

The Asset Triple A Awards

Awards 2022/2021

Best Trade Finance Bank / Best Supply Chain Bank Best Cash Management Bank

Best Service Provider - Cash Management (Transaction Banking) Best Service Provider - Supply Chain (Transaction Banking)

Best Renminbi Bank (Transaction Banking)

Best Supply Chain Solutions for Indus Motor Company (Transaction Banking)

Best Supply Chain Solutions for IATA (Transaction Banking)

Standard Chartered Bank (Pakistan) Limited

Board of Directors

Mr. Christopher Parsons	Mr. Rehan M. Shaikh	Mr. Towfiq Habib Chinoy
Chairperson of the Board of	Chief Executive Officer	Director
Directors	Member Board Risk	Chairperson Board Risk
	Committee and Board IT	Committee and Member
	Committee	Board HR & Remuneration
		Committee

Mr. Ehsan Ali Malik	Mr. Badaruddin Fatehali Vellani	Ms. Rola Abu Manneh
Director	Director	Director
Chairperson Board Audit	Chairperson Board HR &	Member Board HR &
Committee and Member	Remuneration Committee	Remuneration Committee
Board Risk Committee and	and Member Board Audit
Board IT Committee	Committee

Mr. Sheikh Jobe

Director

Chairperson Board IT

Committee and Member

Board Audit Committee

Standard Chartered Bank (Pakistan) Limited

Pakistan Executive Committee

Mr. Rehan M. Shaikh	Mrs. Khadija Hashimi	Mr. Syed Ejaz Alam
Chief Executive Officer	Head Corporate Affairs and	Chief Financial Officer
	Brand & Marketing AME &
	Country Head Pakistan

Mrs. Lubna Azam Tiwana	Mr. Arslan Nayeem	Ms. Saadya Riaz
Country Chief Risk Officer	Country Head of Client	Head Consumer, Private
	Coverage, CCIB	and Business Banking

Mr. Majid Aziz	Mr. Muhammad Umer	Mr. Azhar Aslam
Chief Technology and	Head Human Resources	Head Islamic Banking
Operating Officer

Standard Chartered Bank (Pakistan) Limited

Pakistan Executive Committee

Mr. Muhammad Mubashir Yasin	Mr. Shahzad Salamullah	Mr. Adil Siddique Dalal
Chief Compliance Officer	Head Internal Audit	Head Financial Markets and
		Macro Trading

Mr. Jehangir Adil Qazi	Mr. Asif Iqbal Alam	Mr. Shiraz Hyder
Head Legal	Company Secretary	Head Transaction Banking

Mr. Ajanthan Sivathas

Chief Information Officer

Company Information

Board of Directors
Mr. Christopher Parsons	Chairperson
Mr. Rehan Muhammad Shaikh	Chief Executive Officer
Mr. Towfiq Habib Chinoy	Director
Mr. Ehsan Ali Malik	Director
Mr. Badaruddin Fatehali Vellani	Director
Ms. Rola Abu Manneh	Director
Mr. Sheikh Jobe	Director
Company Secretary
Mr. Asif Iqbal Alam
Board Audit Committee
Mr. Ehsan Ali Malik	Chairperson
Mr. Badaruddin Fatehali Vellani	Member
Mr. Sheikh Jobe	Member
Board Risk Committee
Mr. Towfiq Habib Chinoy	Chairperson
Mr. Ehsan Ali Malik	Member
Mr. Rehan Muhammad Shaikh	Member
Board Human Resource & Remuneration Committee
Mr. Badaruddin Fatehali Vellani	Chairperson
Mr. Towfiq Habib Chinoy	Member
Ms. Rola Abu Manneh	Member
Board IT Committee
Mr. Sheikh Jobe	Chairperson
Mr. Ehsan Ali Malik	Member
Mr. Rehan Muhammad Shaikh	Member
Shariah Board
Shaikh Nizam Yaqouby	Chairperson
Mufti Muhammad Abdul Mubeen	Member
Mufti Irshad Ahmad Aijaz	Member
Mufti Hafiz Muhammad Sarfaraz Nihal	(Resident) Member

Auditors

M/s EY Ford Rhodes

Chartered Accountants

Legal Advisors

Haidermota & Co

Advocates

Registered/ Main Office

Standard Chartered Bank (Pakistan) Limited

P.O. Box No. 5556, I.I. Chundrigar Road,

Karachi-74000, Pakistan.

Tel: [phone]

Fax: [phone]

Website

www.sc.com/pk

Registrar/ Share Registration Office

M/s CDC Share Registrar Services Limited CDC House, 99-B, Block B,

SMCHS, Main Shahra-e-Faisal,

Karachi - 74400

Toll Free: 0800 - 23275

Fax: [phone]

Email: [e-mail]

1

Table of Contents

Notice of Annual General Meeting	3
Chairman's Review	8
Directors' Report - English	9
Directors' Report - Urdu	15
Management's Statements on Internal Controls and Risk Management Framework	22
Report of Shari'ah Board - English	29
Report of Shari'ah Board - Urdu	32
Auditors' Review Report on Statement of Compliance with the Code of Corporate Governance	35
Statement of Compliance with the Code of Corporate Governance	36
Six Years Key Financial Data	38
Auditors' Report to the Members	40
Audited Financial Statements	45
Pattern of Shareholding	127
Postal Ballot Paper - English	129
Postal Ballot Paper - Urdu	131
Form of Proxy	133
Disclosures on Governance and Remuneration	135
Disclosure on Complaint Handling	138

2	Standard Chartered Bank (Pakistan) Limited - Annual Report 2023