MTC Represents Engro in its Strategic Partnership with Jazz

Mohsin Tayebaly & Co. is proud to be representing the Engro Group for its strategic partnership with Pakistan Mobile Communications Limited (Jazz) and its parent company, VEON Group.

The recent sanctioning of the Scheme of Arrangement by the Islamabad High Court marks a major milestone toward the successful completion of this landmark transaction. With consents already obtained from secured creditors, shareholders, the Pakistan Telecommunication Authority, and the Competition Commission of Pakistan, this final approval paves the way for transaction completion, expected in early June.

This partnership represents a meaningful step forward in expanding Pakistan’s digital infrastructure and enabling broader, more affordable access to telecommunication services—advancing national efforts to bridge the digital divide.

MTC is privileged to have the opportunity to collaborate with the Engro team under the visionary leadership of Samad Dawood. We are deeply grateful for the incredible support and commitment from the entire Engro team, particularly Khaqan S. Khan, Fahad Dar, Mohammad Yasir Khan, Syed Rehan Hassan, Zamin Zaidi, Farooq Ali, Romaan Abubakar, Muhammad Amin, ACA, CFA, Taha Azher, Muhammad Saad Mayari, ACA, Hamza Chhotani, ACA, Asad Khan, Muhammad Bilal Ahmed, CFA, Ashfaq Khan, Sarah Frazer, Arlin Merchant, Babar Shah, Umer Shahzad Yousuf, and many more. Your dedication is a true testament to Engro’s market-leading capability and culture of excellence.

The MTC team remains focused on ensuring a smooth and successful closing in the days ahead.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Mikael Rahim (Partner) and Sanaa Ahmed (Senior Associate).