GoldFin Limited secures permission to form an NBFC

We have advised Goldfin Limited in succesfully obtaining regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP) to form an NBFC. The Securities and Exchange Commission of Pakistan (SECP) issued its NOC under Rule 3 and 4 of the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, paving the way for the grant […]

Kingcrete Builders appoints ABS & Co as counsel in arbitration

Kingcrete Builders, one of Pakistan’s leading contractors, has appointed Lahore-based ABS & Co along with Islamabad-based, Sikander and Sherpao, as its legal counsels in its dispute with the Federal Government Employees Housing Authority (FGEHA). The dispute concerns the construction of the F.G Housing Foundation Towers in G-13, Islamabad for a total price of Rs. 12 […]

Owners of ZKB-Reliable JV removed from ECL

The Ministry of Interior (MoI) has removed the names of all three directors of ZKB-Reliable JV from the Exit Control List (ECL). Three directors of ZKB-Reliable JV were placed on the Exit Control List back in February 2019 on the recommendation of the National Accountability Bureau (“NAB“) which had started investigations into the “Dualization of […]

ABS & Co advises on deployment of ERP solution in Pakistan Railways under a SaaS arrangement

ABS & Co advised Pakistan Railways and helped draft and negotiate the initial version of the Master Software Services and Consultancy Agreement signed between Pakistan Railways and TallyMarks Consulting Private Limited in a ceremony held in Islamabad. The agreement is for the deployment of SAP’s enterprise resource planning (ERP) system and is intended to inject […]

ABS & Co acts as transaction advisors on Waada Holdings acquisition of MicroEnsure

ABS & Co acted as the transaction advisors on Waada Holdings (Pvt) Limited’s acquisition of MicroEnsure Pakistan (Pvt) Limited. This represents the second M&A transaction to have been concluded by ABS & Co’s lawyers in a space of a few weeks. With the acquisition, Waada is on a mission to become the leading brand of […]

ABS & Co advises McDonald’s on marketing “Maula Jutt” – the movie

We’ve recently advised McDonald’s Pakistan on its brand integration and promotion agreement with the producers of “The Legend of Maula Jatt”. The movie is the highest-grossing film produced in the history of Pakistan and has broken all previous records at the box-office. Lahore-based Bakhtawar Bilal Soofi, Zeerak Elahi and Anza Mahmood Lilla advised on the matter.

High Court appoints 2 ABS & Co associates as amicus

Aiema Asrar and Fatima Midrar from ABS & Co’s Islamabad office were appointed amicus curiae by the Honourable Mr. Justice Jawad Hassan of the Lahore High Court, Rawalpindi Bench in a landmark judgement regarding fixation of maintenance under the Family Courts Act, 1964.  Justice Jawad Hassan has issued guidelines and laid down a detailed procedure […]

ABS & Co advises ZoodPay on its JV with NeemPro

ABS & Co acted as the legal advisors to ZoodPay on its partnership agreement with NeemPro. The JV forms an integral part of ZoodPay’s strategy to grow its holistic ecosystem of e-commerce, fintech and e-logistics services in Pakistan. It will enable ZoodPay to introduce its Shariah-Compliant Inventory Financing Solution for online merchants allowing the management […]

ABS & Co transaction advisor’s to LCBDDA’s 34.89 billion auction of plots in Downtown Lahore

We’ve advised Lahore Central Business District Development Authority. Govt of Punjab on its auction of seven different plots in Lahore for a total price of approximately Rs. 34.89 billion. ABS & Co and International Consulting Associates Pvt. Ltd. (Formerly Grant Thornton Consulting) acted as the advisors to LCBDDA on this transaction. Lahore based Bakhtawar Bilal Soofi, Zeerak Elahi and Anza Mahmood Lilla advised on the […]

Trident Energy’s request for LOI validly turned down by AEDB, rules IHC

ABS & Co successfully represented Alternative Energy Development Board (AEDB) before the Islamabad High Court in its dispute with Trident Energy Private Limited.   Trident Energy challenged AEDB’s decision turning down its request for an extension to the Letter of Intent (LOI) but its claim was ultimately dismissed by the Islamabad High Court and AEDB’s order […]

ABS & Co advises on Peer to Peer (P2P) Lending Regulations approved by SECP

We’ve advised the SECP (Securities and Exchange Commission of Pakistan) on its recent decision to permit Peer-to-Peer (P2P) lending by amending the NBFC Regulations 2008.  Lahore based team led by Samar Masood, Manahil Gilani and Natalia Najam raised the draft amendments to create a legal framework for the regulation of P2P lending platforms.

UBL secures a money decree of Rs. 2.069 billion against Amtex

We’ve successfully represented United Bank Limited in its recovery suit against Amtex Limited, a publicly listed company trading on the Pakistan Stock Exchange – PSX. The bank’s recovery suit for Rs. 2.069 billion was decreed by the High Court in February 2022. It has since attained finality and the bank has now commenced execution proceedings. Lahore based Bakhtawar Bilal Soofi, Zeerak […]

Transaction Advisors to ZoodPay on its acquisition of Tez Financial Services

In a groundbreaking deal for Pakistan’s fintech sector, ABS & Co acted as transaction advisors to ZoodPay & ZoodMall on their acquisition of Tez Financial Services Limited. The acquisition represents the first M&A transaction in Pakistan’s fintech sector. Founded in 2016 by Naureen Hyat and Humza Hussain, Tez offers nano-loans to unbanked and underbanked population across Pakistan through its digital […]

ABS & Co advises Pickhur TV on the launch of OTT streaming platform

We are pleased to have acted as the legal counsels to Pikchur TV for the launch of its online streaming platform and the upcoming premier of its first original production, Phattak. Pickhur TV is an up and coming start-up that is entering the OTT market and the firm’s mandate on this matter shows how ABS & Co […]