In Pakistan, such a financing sits at the centre of the economy, touching food security, farmer payments, public procurement, strategic reserves and a sector that contributes more than 20% of national GDP and employs roughly one-third of the country’s workforce, with wheat alone contributing almost 2% of the GDP.
Against this backdrop, Ahmed & Qazi acted as the Finance Parties’ counsel on this landmark syndicated strategic wheat procurement financing for Green Corporate Initiative (Private) Limited, a Green Pakistan Initiative company, in connection with the Government of Punjab’s Wheat Policy 2026, among Pakistan’s largest financings of 2026.
Our mandate covered the full suite of legal services as Finance Parties’ counsel, including transaction structuring, negotiations with GCI, its counsel and the Government of Punjab, and the preparation and negotiation of the core finance, security and procurement-linked documentation.
This included the G2G wheat procurement agreement, the tripartite direct agreement, the common terms agreement, conventional facility documentation, security documents, intercreditor and security agency arrangements and Islamic facility documents based on a spot murabaha structure.
This financing supports a shift away from informal, undocumented and arhti-led procurement channels towards a more institutional, transparent and financeable commodity procurement framework.
We are pleased to have supported a transaction sitting at the intersection of banking, Islamic finance, public-sector contracting, food security and agricultural reform.
Congratulations to all stakeholders involved, including the lead arrangers (Askari Bank, UBL – United Bank Limited and The Bank of Punjab) and the A&Q deal team led by Nazif Ahmed.
