MTC Advises Financiers On PKR 2 Billion Syndicated Lease Finance Facility Being Availed By Daewoo Pakistan Express Bus Service Limited

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the syndicated lease finance facility in the aggregate amount of up to PKR 2,000,000,000/- (Pak Rupees Two Billion) being availed by Daewoo Pakistan Express Bus Service Limited from Saudi Pak Industrial and Agricultural Investment Company Limited, Pak Libya Holding Company (Private) Limited, Pak Oman Investment Company Limited and Pak China Investment Company Limited, for which purpose Saudi Pak Industrial and Agricultural Investment Company Limited has been appointed as the agent.

The facility is being availed for the purpose of procurement of brand-new diesel and electric buses (local and/or imported).

This transaction marks the first step in EV financing by DFIs in Pakistan, paving the way for climate-friendly transport solutions and contributing to the nation’s environmental goals.

The firm’s scope of work included full-scope financier-side advisory.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Associate), Yawar Burki (Associate) and Maham Majeed (Associate).