Today, after a detailed hearing of around three hours, the Customs Court acquitted the five-member South African family that was arrested earlier this month for allegedly attempting to smuggle 9.6 kgs of gold from Pakistan. The acquittal applications for all accused were argued by Saim Hashmi (Advocate Supreme Court) with...
Ahmed & Qazi has been engaged by a leading REIT management company for the conversion of two real estate investment trusts from their present developmental structure to the hybrid structure. The REITs are shariah compliant and comprise real estate development projects expected to value over PKR 77 billion. A&Q team for...
With A&Q as legal counsel, a syndicate of banks have successfully disbursed a PKR 1 billion Islamic long-term facility to a leading pharmaceutical company with manufacturing facilities in Karachi, for the purpose of funding:(1) the expansion of the borrower's warehouse, and(2) the extension of its ampoule line.Being a shariah compliant...
Led by Nazif Ahmed (Head — Corporate) and Aroma Ali (Senior Associate), A&Q acted as the project financiers’ legal counsel for this solar project finance deal. K-Solar (Private) Limited, a subsidiary of K-Electric is pleased to announce the successful financial close of our renewable energy venture at Bulleh...
A&Q has been engaged by a leading bank for the restructuring of a PKR 2.4 billion facility availed by a steel company. The borrower will transfer three (3) properties located in Karachi and Islamabad to the bank to settle debt of PKR 2.2 billion while the remaining PKR 200 million...
Today, with A&Q as legal counsel, a leading bank successfully closed a PKR 3.4 billion project standby letter of credit facility to the majority sponsor of a leading coal production company.The purpose of the SBLC Facility was to secure the sponsor’s equity injection commitments towards the financiers of the coal...
A leading Islamic bank has engaged A&Q for a PKR 650M shariah compliant musharaka facility that it plans to extend to a developmental REIT Scheme for the purpose of construction of the grey structure of three residential & commercial towers.As part of its scope, A&Q is conducting a comprehensive due...
A&Q has been engaged by two banks for bilateral restructuring of liabilities of a poultry and ruminant feed company, for an aggregate amount of PKR 600M.The restructuring involves sponsor support commitment as well as a comprehensive collection account and distribution mechanism across all the R/R lenders.A&Q team for these matters...
Representing Islamic Corporation for the Development of the Private Sector (ICD), The OPEC Fund for International Development and DEG Deutsche Investitions und Entwicklungsgesellschaft mbH, A&Q successfully closed the transition from London Inter-Bank Offer Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) in relation to the following...