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
Pakistan.Corporate-Affairs@sc.com
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: (021) 32450000
Fax: (021) 32414914
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: (021) 34326053
Email: info@cdcsrsl.com
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 |
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Standard Chartered Bank (Pakistan) Ltd. published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 07:30:05 UTC.