KARACHI, July 5, 2024 – Bill Winters, Group CEO of Standard Chartered Bank, expressed optimism about Pakistan’s potential and reaffirmed the bank’s commitment to continued investment during his visit to the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday.
Addressing top executives of OICCI member companies in an interactive session, Winters stated, “We see greater potential in Pakistan and will continue to invest more as opportunities arise. There are excellent prospects for talented young people here.” He further emphasized the need for the government to facilitate the employment of skilled Pakistanis by leading global companies from within Pakistan.
Group CEO of Standard Chartered Bank Winters, a prominent figure in climate finance, leads Standard Chartered Bank’s initiatives as chair of the Net Zero Banking Alliance and the Taskforce for Scaling Voluntary Carbon Markets. His visit to OICCI, the oldest chamber in South Asia, provided a platform to discuss the bank’s operations in Pakistan and other markets facing challenging economic conditions.
During the meeting, Group CEO of Standard Chartered Bank Winters tackled pressing global issues, including the future of globalization, climate change, and international trade amidst geopolitical tensions and conflicts. He also underscored the transformative impact of emerging technologies like AI, blockchain, and quantum computing, highlighting the role of digital currencies and their adoption by regulators.
M Abdul Aleem, OICCI CEO and Secretary General, briefed Group CEO of Standard Chartered Bank Winters on the chamber’s history and legacy. Aleem highlighted the significant contributions of foreign investors to Pakistan’s economy, noting that OICCI members contribute one-third of the country’s tax revenue. He praised the members’ efforts in technology transfer and managerial skill enhancement, stating, “Many of our senior members and past presidents have been instrumental in driving governmental reforms and leading organizational change.”
Winters has previously engaged with OICCI, particularly at the Pakistan Climate Conference in 2022 and 2023, where he emphasized the importance of sustainable climate resilience. His continued involvement underscores the bank’s commitment to addressing climate challenges while fostering economic growth.
Standard Chartered Bank’s focus on Pakistan reflects its broader strategy of leveraging emerging markets’ potential. By supporting local talent and embracing technological advancements, the bank aims to contribute to Pakistan’s economic development and integration into the global economy.
In conclusion, Bill Winters’ visit to OICCI reinforces Standard Chartered Bank’s confidence in Pakistan’s potential and its dedication to investing in the country’s future. His insights on climate finance, technology, and international trade resonate with the chamber’s mission to promote economic growth and sustainability in Pakistan.