A&Q has been engaged by joint financial advisors in the issuance of domestic shariah complaint sukuk certificates by the Government of Pakistan, aiming to raise up to PKR 700 billion through auction, with terms of one, three, and five years and with fixed and variable rates of return.
The issue will be based on ijarah sukuk and will utilize the Islamabad Expressway (from Faisal Mosque Chowk to T-Chowk near Rawat), the Islamabad Metro (Islamabad Portion), and the Islamabad Sports Complex as the underlying assets.
A&Q team is led by Nazif Ahmed (Head — Corporate) and Aroma Ali (Senior Associate) and includes various associates at the firm.
