Insights Categories: Experience

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TMC acquires Siemens’ SAP ERP reselling business

April 8, 2024

In a groundbreaking deal for Pakistan’s tech sector, ABS & Co acted as transaction advisors to TallyMarks Consulting (TMC) Private Limited on its acquisition of Siemens Pakistan’s ERP Business.
As part of the deal, TMC has acquired Siemens Pakistan’s SAP ERP reselling business. By integrating Siemens’ seasoned SAP team, TMC has further strengthened its position as one of the market leaders in Pakistan and the region’s SAP industry for digital transformation solutions.

IHC declares section 7E of Income Tax Ordinance 2001 ultra vires

March 7, 2024

Islamabad High Court strikes down section 7-E of Income Tax Ordinance 2001.

Our team consisting of Sabila Daraz Khan, Aiema Asrar and Fatima Midrar successfully brought a challenge to the vires of the section 7E of the Income Tax Ordinance 2001. ABS & Co’s team represented private clients in several petitions before the Islamabad High Court where section 7E of the Income Tax Ordinance had been challenged on the basis that it is ultra vires to the Constitution of Islamic Republic of Pakistan, 1973.

i3RL achieves GDPR compliance

January 2, 2024

We’ve successfully advised i3RL, a software development house based in Pakistan, on achieving General Data Protection Regulation (GDPR) compliance.

i3RL provides innovative software solutions and services over Microsoft and Android technologies. Its products benefit companies who wish to gain a competitive edge over other companies.

ABS & Co advises on sale of equity stake in Quetta Gladiators

December 17, 2023

We’ve advised the owners of Quetta Gladiators on a partial sale of their equity stake in the PSL franchise to a Qatar-owned entity.

ABS & Co, led by Samar Masood, acted as transaction advisors for the acquisition of shares by JTA Int’l Investments in Quetta Gladiators. The transaction marks the first ever acquisition of any PSL team by a foreign company. The deal was announced in a ceremony conducted at the Pearl-Continental Hotel in Lahore ahead of the 9th edition of the Pakistan Super League (PSL).

Habib Rafiq Limited signs MOU with DHA Quetta

November 30, 2023

ABS & Co represented Habib Rafiq (Private) Limited with respect to the drafting and negotiation of a historic Memorandum of Understanding (MOU) with DHA Quetta for the development of a real estate project in DHA Quetta.

Our team advising HRL comprised of Salman Hanif Rajput, Ahmed Reza Mirza, Hamza Mukhtar and Khadeeja Ahmad.

Development of Faisalabad Downtown

September 2, 2023

ABS & Co is advising Faisalabad Downtown, a major real estate developer, on the legal aspects of its development plans for the construction and development of a commercial downtown in Faisalabad.

NTDC’s plea before the National Electric Power Regulatory Authority

August 4, 2023

As the regulator of the power sector in Pakistan, NEPRA imposed a fine amounting to PKR 10 million on National Transmission and Despatch Company (NTDC) for the alleged failure of the national grid leading to an incident of partial blackout on 22 May 2021. It was contended by NTDC that the failure of the national grid was a direct consequence of winds cyclones, which caused the transmission lines to trip and resulted in the collapse and damage of the towers.

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