Standard Chartered Aims to Double Pakistan Profit on Loan Demand

  • Nation cut interest rate most in Asia last year after oil drop
  • Pakistan consumer confidence at highest in 8 years: Nielsen

Traffic passes the logo of Standard Chartered Bank displayed at the head office building in Karachi.

Photographer: Asim Hafeez/Bloomberg

Standard Chartered Plc, the London-based bank that generates most of its income from Asia, is seeking to double operating profit at its Pakistan unit within five years as the country’s economy grows and banks churn out more loans.

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