KARACHI: UBL won the “Best Bank for Corporate Finance & Capital Market Development” Award at the Pakistan Banking Awards 2017 held at a local hotel in Karachi. This award recognizes a bank that has demonstrated the most significant contribution in promoting capital market development, deepening secondary markets and providing advisory services to optimize efficient use of industrial and commercial assets.

The Awards were held under the auspices of the Institute of Bankers Pakistan (IBP), DAWN and A.F. Ferguson and Co. Tariq Bajwa, Governor of the State Bank of Pakistan (SBP), was the Chief Guest on the occasion.

The awards were adjudged by a 5-member jury of experts comprising Syed Salim Raza - former Governor, State Bank of Pakistan; Azhar Hamid - former Banking Mohtasib Pakistan and former Country Head, SCB Pakistan; Feroz Rizvi - President & CEO Pakistan Institute of Corporate Governance; Zeelaf Munir - MD & CEO English Biscuit Manufacturers Pvt. Ltd. and Shehzad Naqvi - former Regional Head of Citibank Middle East and Pakistan.

Sima Kamil, President & CEO UBL commenting on the occasion said, “I am proud and honoured that UBL has been declared the Best Bank for Corporate Finance & Capital Market Development. UBL has been a leading financial institution for the last 58 years.—PR