Mailing Address: 153-K, Block 2, PECHS, Karachi.
UAN: (9221) 111-21-22-23
Tel: (9221) 34550094-5
Fax: (9221) 34557080
Mr. Raashid Anwer (firstname.lastname@example.org); Mr. Jahanzeb Awan (email@example.com)
The firm is currently representing nine Independent Power Producers i.e. Hub Power Company, Nishat Power, Sapphire Electric Power, Atlas Power, Orient Power, Saif Power, Halmore Power Generation, Liberty Power Tech, and Nishat Chunian Power in the Supreme Court in Petitions filed against the non-payment by the NTDC of their outstanding dues amounting to over Rs. 70 Billion.
The firm is also representing four mobile operators namely, Warid Telecom, Telenor Pakistan, Pakistan Telecom Mobile (Ufone) and CM Pak (Zong) in petitions filed before the Islamabad High Court challenging the constitutionality of the demand for Federal Excise Duty on telecom services in excess of Rs. 47 Billion. The firm has successfully obtained interim relief against various show cause notices and demands issued by the FBR / LTU.
The firm is advising JS Bank in relation to the proposed amalgamation/ acquisition of HSBC Middle East (Pakistani Operations).
Khalid Anwer & Co has been ranked as a top tier firm for dispute resolution by the Legal 500 (2013).
The firm has been engaged, inter alia, by Lucky Textile Mills (Pvt.) Limited and Continental Biscuits Limited to challenge the vires of the Gas Infrastructure Development Cess Act, 2011 and the recovery of cess in terms thereof. The firm successfully obtained ad-interim orders (which were subsequently confirmed) against the recovery of the said cess.
The firm has been engaged by Pakarab Fertilizers Limited (jointly owned by the Arif Habib Group and the Fatima Group) in relation to its dispute with Dawood Hercules Corporation Limited for the sale of the shares of DH Fertilizers Limited. The firm has successfully obtained ad-interim relief from the Sindh High Court against the sale of the shares of DH Fertilizers Limited by Dawood Hercules Corporation Limited to any third-party.
The firm is currently advising a foreign investor interested in purchasing a major stake in the power sector in Pakistan.
The firm recently advised two IPPs in relation to a major equity investment by a Singapore based fund.
The firm is currently advising an IPP in relation to its negotiations with IFC for the injection of equity and financing of debt.
The firm has been engaged by Warid Telecom (Pvt.) Limited to file appeals before the Supreme Court to challenge the initiation of audit proceedings (both income tax and federal excise duty) by FBR which were upheld by the IHC.
The firm has been engaged by a group of companies in the ship-breaking industry to challenge the retrospective application, by the Collector of Customs of a Statutory Regulatory Order, through which the FBR enhanced the witholding income tax by 400% on the import of shipping vessels. The firm has successfully obtained ad-interim orders and restrained the Collector from interpreting and applying the SRO retrospectively and collecting the enhanced amount of tax.
The firm is representing M/s Standard Chartered Bank Pakistan Limited & M/s Deutsche Bank in relation to the demand raised by the FBR on account of FED on Banking Services in the Province of Sindh. The firm has successfully obtained ad-interim orders from the Sindh High Court in relation to the same.
The firm has been recently engaged by Fauji Fertilizer Company Ltd, the largest manufacturer of fertilizers in Pakistan, to challenge an order of the Competition Commission of Pakistan whereby a significant penalty has been imposed on the Company.
© 2013 Khalid Anwer & Co.
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