Bank Alfalah joins hands with NCCPL partner to strengthen banks’ participation in capital markets
Bank Alfalah Limited, one of
Pakistan’s premier commercial banks, has signed a Memorandum of Understanding
(MoU) with the National Clearing Company of Pakistan Limited (NCCPL) to
strengthen commercial banks’ participation in the country’s capital markets.
The collaboration aims to enhance liquidity, broaden the investor base, and
promote sustainable financial growth.
Under the agreement, Bank Alfalah
will explore several avenues, including acting as a financier under the Margin
Trading System, serving as a custodian clearing member, pursuing professional
clearing membership, leveraging NCCPL’s capital gains tax system, and
developing Shariah-compliant financial solutions.
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signs MoU with NCCPL to explore opportunities in capital markets
The partnership will also expand access for non-resident Pakistanis through Roshan Digital Accounts (RDAs), linking them more directly to Pakistan’s capital market opportunities.
“At Bank Alfalah, we are committed
to deepening Pakistan’s capital markets and fostering innovation across both
conventional and Islamic finance,” said Atif Bajwa, President and CEO of Bank
Alfalah. “By combining our banking capabilities with NCCPL’s infrastructure, we
aim to unlock new investment pathways for local and overseas investors.”
Naveed Qazi, CEO of NCCPL, added,
“We are delighted to collaborate with Bank Alfalah to enhance capital market
participation. Together, we will introduce innovative products and services
that strengthen efficiency, transparency, and inclusivity in Pakistan’s
financial system.”
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This MoU reflects the shared vision of both institutions to build a dynamic, diversified, and accessible financial ecosystem in Pakistan.
Source: Pro Pakistani