Ahmed & Qazi

PIA HOLDCO PKR 268B DEBT RESTRUCTURING

Since March, Ahmed & Qazi has been representing PIA Holding Company Limited as borrower’s counsel in its PKR 268 billion debt restructuring with over 20 banks and financial institutions. The debt includes: (A) PKR-denominated conventional facilities, Islamic facilities and sukuk issue(s), and (B) USD-denominated term facilities. A&Q team is overseen by Nazif Ahmed (Head — Corporate) and led by Altan Ahmed (Senior Associate).