We are pleased to announce that The Bank of Punjab has raised PKR 3,000 Million under a Syndicated Medium-Term Finance Facility for ORIENT PETROLEUM INC. (Formerly: OPL). The Bank of Punjab acted as “Mandated Lead Arranger, Agent Bank, Security agent, and Shariah Structuring Bank” for this transaction.
The number of REIT schemes in which A&Q has been formally engaged as legal counsel has risen to a total of eighteen (18), which include shariah compliant and non-shariah compliant REITs, under both direct investment structure and SPV structure. Four (4) REITs have been successfully registered, with a further fourteen (14)...
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...
A&Q is representing as counsel Islamic Corporation for the Development of the Private Sector (ICD), The OPEC Fund for International Development (OFID), and DEG Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) in all legal work related to the transition from London Inter-Bank Offer Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) in...
Today, on a petition filed by A&Q on behalf of Firdous Shamim Naqvi’s family, being the sponsors of Sohni Saiban Housing Project, a division bench of Sindh High Court consisting of Justice Aqeel Ahmed Abbasi and Justice M.A. Khan, restrained Sindh Building Control Authority (SBCA) from taking any adverse action...
KTrade Securities, Pakistan's fastest-growing stock brokerage and corporate advisory firm, and Ahmed & Qazi Advocates and Legal Consultants, a leading commercial law firm offering high-quality personalized legal services to large corporates and banks in Pakistan, sign an MOU for professional collaboration to help Pakistani businesses deal with current macroeconomic challenges. KTrade and...
A&Q has been engaged yesterday by one of the leading media groups to advise upon and to prepare documentation regarding the sale of three television broadcasting channels. The sale was to be subject to all the relevant provisions of PEMRA Ordinance, the terms of each license, and also the permission of PEMRA. A&Q...
Representing MG Motors, A&Q had challenged the Final Assessment Order of Collector of Customs (Appraisal), Lahore through which the Customs Department had demanded from MG almost PKR 1 Billion as unpaid duty. On behalf of MG Motors, Bahzad Haider, Advocate Supreme Court, argued the matter before Collector of Customs (Appeals), Lahore. After...