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StanChart to double Pakistani biz

Standard Chartered Bank Pakistan is aiming to double its business in the country. The bank, one of the major and longest-operating banks in Pakistan, had posted a net profit of Rs7.5 billion in the first nine months of 2015, which was 1.3% higher than the earnings recorded in the same period of previous year. Bill Winters, the bank’s group chief executive, had met Pakistan’s prime minister Nawaz Sharif at Davos recently and had discussed the bank’s role in the economic development of the country. He said the bank has an overwhelmingly positive view of Pakistan’s economy where investment and capital continued to grow.

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