UBL executes Rs20bn Interest Rate Swap with Engro

United Bank Limited (UBL) has successfully executed a PKR 20 billion Interest Rate Swap (IRS) transaction with a subsidiary of Engro, one of Pakistan’s leading conglomerates. This landmark deal further strengthens UBL’s position at the forefront of Pakistan’s developing derivatives and risk management market, following its historic PKR 75 billion IRS transaction earlier this year — the largest such transaction ever concluded in the country. The latest transaction enables Engro to effectively hedge interest rate risk on its long-term local currency exposure, enhancing cash flow visibility and reinforcing its financial risk management framework. The deal reflects growing corporate confidence in sophisticated treasury solutions and signals continued momentum in Pakistan’s evolving financial landscape.