Pakistan, Standard Chartered Bank explore tokenization, Sukuk cooperation

Pakistan's government and Standard Chartered Bank have held talks on possible future collaboration, according to Mettis Global. The discussion covered tokenization, overseas Sukuk issuance and other funding avenues, along with capital market deals that could back the privatisation drive from both buying and selling angles. Finance Minister Senator Muhammad Aurangzeb met SCB Chief Executive Officer Bill Winters in London.

Prime Minister's Advisor on Privatisation Muhammad Ali and Finance Minister's Advisor Omer Khan also attended, according to a press release. Aurangzeb thanked the bank for its steady backing of Pakistan and its involvement in various funding and capital market deals. Both parties also reviewed ongoing reforms and recent economic developments.

According to the release, the bank's investor base in Asia, Europe and the Middle East may assist in keeping investor engagement going. It was also said that this reach could lift Pakistan's profile among global investors.