Through its partnership with J.P. Morgan, one of the world's largest U.S. Dollar clearing banks, Bank Alfalah will provide its clients with an enhanced customer experience supported by the smoother processing of transactions and a unified global network. Bank Alfalah, which previously worked with J.P. Morgan on executing select trade transactions, will adopt a range of services, including U.S. Dollar clearing, trade reimbursement, account services and overnight fund sweeping. J.P. Morgan's integrated solution will support Bank Alfalah's strategic growth plans, particularly as the company expands its international operations.

Syed Hassan, Head, Financial Institutions Division, Bank Alfalah, said: "We elected to partner with J.P. Morgan based on their strong and continued presence in Pakistan and the other markets in which we operate. J.P. Morgan has extensive cross-market capabilities, a wide range of integrated solutions and strategic insights into how we can further benefit our customers. They understood our needs from the outset, and importantly, the solutions we received have met our requirements."

Amin Mohammed Khowaja, General Manager of J.P. Morgan Pakistan, said: "We're delighted to further extend our relationship with Bank Alfalah. This ongoing relationship reflects our commitment to helping our partners in Pakistan further extend their services and enhance their business, and it shows we can consistently deliver the right solutions at the right time."

Ricky Kaura, Regional Executive for ASEAN and Pakistan, J.P. Morgan Treasury Services, added: "We have continued to invest in our systems and platforms at a regional and global level, to ensure that the solutions we deliver are appropriate for each specific client in each specific market. Our strength lies in our ability to provide seamless cross-border services tailored to each individual client's needs, backed by best-in-class client
services."