Standard Chartered Pakistan is a Pakistani commercial bank headquartered in Karachi. It is a wholly owned subsidiary of British multinational bank Standard Chartered and is one of the oldest foreign commercial bank in Pakistan.[2]
History
The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi.[3]
In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan.[4] The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000.[5]