Bank Alfalah Limited, one of Pakistan’s leading commercial banks, and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to explore opportunities that will enhance commercial banks’ participation in Pakistan’s capital markets, increase liquidity, and help in broadening the investor base.
Under the MoU, BAFL will evaluate multiple avenues, including serving as a financier for Margin Trading System, becoming a custodian clearing member, exploring professional clearing membership, utilizing NCCPL’s capital gains tax system, and collaborating on Shariah-compliant financial solutions. The partnership also opens opportunities to further facilitate non-resident Pakistanis through Roshan Digital Accounts (RDAs) by connecting them to Pakistan’s capital markets.
Speaking on the occasion, Atif Bajwa, President and CEO of Bank Alfalah, said: “This partnership with NCCPL reflects our commitment to deepening Pakistan’s capital markets and driving innovation in both conventional and Islamic finance. By leveraging NCCPL’s infrastructure and our banking expertise, we aim to unlock new investment opportunities for local and overseas investors.”
Naveed Qazi, CEO of NCCPL, added: “NCCPL is excited to collaborate with Bank Alfalah in expanding the scope of capital market participation. Together, we will work to introduce new products and services that bring greater efficiency, transparency, and inclusivity to Pakistan’s financial ecosystem.”
The MoU underscores the shared vision of both institutions to create a more vibrant and diversified financial landscape in Pakistan.
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