Banking & Finance: Capital Markets - Pakistan
What the Team is Known For
Akhund Forbes is a Karachi-based firm regularly advising clients on syndicated loans and project financings, among other matters. The firm is also known for handling capital markets mandates, including equity offerings and advice on securities regulations. The team has notable activity advising foreign investors on the financing of major infrastructure and utilities projects. The team additionally offers expertise regarding payment systems in the e-commerce sector. Clients include high-profile domestic and international lenders, as well as borrowers.
Strengths
"They had a good grasp of the legal and regulatory environment in Pakistan and cited relevant law and lawsuits to support the case."
"The Akhund Forbes team are really responsible, and their understanding of the subject matter is something that always makes you comfortable."
Work Highlights
Akhund Forbes advised China Development Bank on a USD1 billion loan to the Government of Pakistan to support it with its balance of payments.
Akhund Forbes advised Qist Bazaar on its PKR350 million Islamic embedded financing facility from Bank Alfalah to fund Qist Bazaar's Buy Now Pay Later business in Pakistan.
Notable Practitioners
Rabel Akhund maintains a wide-ranging finance practice, handling capital markets and Islamic finance transactions, in addition to fund management matters. "We always find Rabel Akhund to be on top of his game by being always available and understanding the nuances of cross-border, time-critical transactions." "He has a very strong skill set, is highly professional and has good command over the subject matter."
