Ahmed & Qazi

A&Q REPRESENTS JS BANK IN LANDMARK US$10M SOLAR DEAL WITH UN’S GREEN CLIMATE FUND

For the past year, we have been representing JS Bank in the US$ 10 Million Pakistan Distributed Solar Project (PDSP) being undertaken by JS Bank in partnership with the United Nations’ Green Climate Fund established within the framework of the UNFCCC. PDSP is the country’s first private-sector renewable energy project and also marks GCF’s first investment into Pakistan, each...

Read more...

A&Q ADVISES TARGET IN ESTABLISHMENT OF MAJOR FOOTHOLD IN PAKISTANI MARKET

We are pleased to announce that we represented Target in acquiring lease ownership of (and entering into ancillary legal arrangements thereof) one of the floors in the newly-built 35 storeys’ twin towers, Sky Towers, in the premier corporate address of Karachi, Pakistan: Dolmen City. After months of negotiations and other lengthy legal work,...

Read more...

A&Q REPRESENTS ICBC IN US$1.3B LOAN TO PAKISTAN

At this crossroads where the country is in dire need of financial support, we are excited to share that we represented as local legal counsel the Industrial and Commercial Bank of China Limited (ICBC) on a US$1.3 billion loan extended to the Ministry of Finance, Government of Pakistan, with Norton Rose Fulbright acting as...

Read more...

A&Q CLOSES TIJARAH DEAL WITHIN TWO WEEKS

In mid-December, we were engaged by a syndicate led by Meezan Bank Limited who intended to lend PKR 1.5 billion to Masood Textile Mills Limited through a syndicated Islamic tijarah facility, with the syndicate banks purchasing each shipment of made-up fabrics and receiving sale proceeds from buyers. The deal involved the giving of possession...

Read more...

A&Q WINS DARAWAT DAM ARBITRATION

A few years ago, Sinohydro, a Chinese state-owned enterprise and one of the world's most prestigious hydropower engineering companies, successfully bid for a PKR 7 billion contract with WAPDA for the construction of Darawat Dam, a 151 feet concrete gravity dam in Sindh. Sinohydro successfully completed construction of the entire project in...

Read more...