MTC Acts For IFC In USD 400 Million Deal With SCB

Mohsin Tayebaly & Co. acted as the Pakistani legal counsel for International Finance Corporation (“IFC”) in relation to the unfunded risk participation arrangement between IFC and Standard Chartered Bank (Pakistan) Limited, to support short-term trade and working capital needs of various local companies, with the intention of promoting principally private-sector trade activities in Pakistan.

The asset portfolio is in an amount of up to USD 400,000,000/- (United States Dollars Four Hundred Million).

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Sara Ansari (Managing Associate).