PKR 2 Billion Climate Financing Transaction

Mohsin Tayebaly & Co. acted as transaction legal counsel for the syndicated term finance facility in the aggregate amount up to PKR 2,000,000,000/- (Pak Rupees Two Billion being availed by Daewoo Pakistan Express Bus Service Limited (“Customer”) from (i) Pak Oman Investment Company Limited; (ii) Pak China Investment Company Limited; and (iii) PAIR Investment Company Limited, for the purpose of funding the expansion and optimization of the Customer’s solid waste management project under the Government of Punjab.

We are grateful to the financiers for placing their trust in us to deliver on this mandate and are happy to continue working on various types of transactions with DFIs across Pakistan.

This waste management project forms part of the Suthra Punjab initiative and we are honour to be a part of this climate financing transaction with a focus to promote sustainability in Pakistan.

Our 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 (Senior Associate) and Zayynah Rushna Fasil (former Associate).