Today, a leading bank successfully closed a PKR 500M term finance facility to a developmental REIT scheme in Karachi.A&Q acted as lender’s counsel and provided end-to-end legal services which included conducting due diligence and then creating mortgage over the REIT land.A&Q team was led by Saim Hashmi (Senior Counsel)...
A&Q has acted as the legal counsel for the issuance of listed domestic ijarah sukuk certificates by the Ministry of Finance, Government of Pakistan for an aggregate amount of PKR 87 billion on the Pakistan Stock Exchange - PSX. The issue comprises 5 different types of certificates, having tenors of one, three...
Today, with A&Q as counsel, a syndicate of three (3) lenders have closed a PKR 2.3 billion facility to a leading NBMFC. The facility involved an initial disbursement of PKR 1 billion with an additional accordion feature of PKR 1.3 billion. A&Q team for the facility was led by
Today, with A&Q as financiers’ legal counsel, 5 banks have closed PKR 4B facilities to a leading cable company, comprising: (1) a syndicated long-term conventional facility of PKR 3.15B, and (2) a syndicated long-term Islamic musharaka facility of PKR 850M. The purpose of the facilities is to fund project cost...
Three leading banks have engaged A&Q as counsel for 3 bilateral facilities for an aggregate amount of PKR 2.5B for a Punjab based sugar company. The facilities will be disbursed to sugarcane farmers for the purpose of meeting the capital requirements of the borrower during the 2023 crushing season. A&Q...
A&Q has been engaged by the Joint Financial Advisors as the legal counsel for the issuance of domestic ijarah sukuk certificates by the Ministry of Finance, Government of Pakistan for an amount of up to PKR 30 billion. The sukuk is set to be the first/debut issue by the GoP...
Yesterday (7 November), a leading bank engaged A&Q as legal counsel for a long-term finance facility of PKR 500 million to be extended for a developmental REIT set up on the direct investment structure, which shall be mainly secured through mortgages over the project land. Located at Karachi, the REIT involves...
11 years ago, FIA registered an FIR against about a dozen employees of NBP for allegedly distributing performance bonus and cash rewards and paying it to themselves illegally. Bahzad Haider, Advocate Supreme Court, while representing four of the accused before the Anti-Corruption Court, argued that FIA had not taken into...
Today, a syndicate of banks has engaged A&Q in the extension of PKR 4.5 billion syndicated shariah-compliant istisna finance to fund a newly-acquired sugar production unit.The matter is led by Nazif Ahmed (Head — Corporate).
On 3 October (Yesterday), a syndicate of banks engaged A&Q for the extension of a PKR 1 billion syndicated shariah compliant term finance facility to a leading sugar producer. A&Q team is led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Senior Associate).