Pakistan, Aug. 13 -- Standard Chartered Bank (Pakistan) Limited (SCBPL) said that Adil Salahuddin will assume charge as its new chief executive officer (CEO) and director from August 13 (Thursday), following clearance from the State Bank of Pakistan (SBP).

The listed bank announced the development in a filing to the Pakistan Stock Exchange (PSX) on Wednesday.

"We are pleased to inform you that pursuant to the FPT clearance received from the State Bank of Pakistan, Adil Salahuddin will assume the charge of his office as the new CEO/Director of the bank with effect from 13 August 2026," read the notice.

It is pertinent to note that an FPT clearance, or a Fit and Proper Test clearance, is a formal regulatory approval certifying that a pro...