OUR TEAM

Senior Partner:

Mr. Khalid Anwer (Senior Advocate, Supreme Court of Pakistan)

Mr. Khalid Anwer, Barrister-at-law, holds degrees in economics and law and is a graduate of St. John's College, University of Cambridge.

Mr. Khalid Anwer started his legal career in 1962 and rose to prominence quickly. He became a partner at A. K. Brohi & Co. (as the firm was previously known) with Late Mr. A. K. Brohi who was a leading lawyer of his time and one of the greatest lawyers in the history of Pakistan.

Mr. Khalid Anwer has been involved in several landmark constitutional and commercial cases. Mr. Anwer appeared for ex-Prime Minister Mr. Nawaz Sharif to successfully challenge the dismissal of his government by the then President Ghulam Ishaq Khan. He thereafter appeared on behalf of the President of Pakistan to successfully defend the dismissal of the second government of Mohtarma Benazir Bhutto. He was also engaged to challenge the military takeover by the then Chief of Army Staff General Pervez Musharraf. He persuaded the Supreme Court to lay down a road map for the restoration of democracy and a three year time limit for holding fresh elections. Furthermore, there is a plethora of landmark reported commercial decisions in which Mr. Anwer has successfully represented clients in the Supreme Court or the High Courts.

Mr. Anwer appears regularly before the Superior Courts in various high-profile constitutional, commercial and civil matters.


Senior Counsel:

Mr. Syed Afsar Ali Abidi (Advocate, Supreme Court of Pakistan)

Mr. Abidi started his legal career in 1962. He has appeared regularly before the Superior Courts of Pakistan in his career which spans over five decades. He appears in arbitration, banking and civil law matters. In particular, he has an extraordinary command over civil law and procedure.

Mr. Abidi is a life-member of the Supreme Court Bar Association.


Partners:

Mr. Raashid Anwer (Advocate Supreme Court of Pakistan)

Mr. Raashid Anwer is the Managing Partner of the firm.He has graduated from Cornell University and his experience of appearing before the Superior Courts of Pakistan spans almost a decade and a half. He deals, inter alia, in civil, commercial, constitutional, tax, labour and employment matters. Mr. Raashid Anwer has, inter alia, appeared before the Superior Courts in the following high-profile matters:

(a) He appeared for Allied Bank Limited before the Sindh High Court and was able to persuade the Hon’ble Court to execute a Judgment / Decree in favour of the Bank for an amount of Rs. 2.4 Billion by ordering the sale of the assets of the Judgment-Debtor. This, in monetary terms, is, quite probably, the largest judgment ever given in favour of a financial institution by the Sindh High Court.

(b) He is currently representing several of the leading cement manufacturing companies (including Lucky Cement and D.G. Khan Cement which are the two largest cement manufacturers in Pakistan) before the Lahore High Court against the decision of the Competition Commission of Pakistan to impose a fine of over Rs. 3 Billion against some of our clients.

(c) He appeared on behalf of the downstream value added textile sector in Writ Petitions filed before the Lahore High Court by the exporters of cotton yarn against the quotas imposed by the Government of Pakistan on the export of cotton yarn and successfully persuaded the High Court to uphold the restrictions imposed by the Government.

(d) He is also appearing for a leading foreign steel company (i.e. Al-Tuwairqi Steel Mills Limited) which is setting up a $200 Million steel project in relation to a writ petition filed by the Karachi Electric Supply Corporation in which they have sought to restrain the Hyderabad Electric Supply Corporation from supplying 180 MW of electricity to our client (who will then become the single largest electricity consumer in the entire country).

(e) He is currently representing the National Industrial Parks Development and Management Company as well as its parent institution the Pakistan Industrial Development Corporation (PIDC) in three very hotly contested suits in the Sindh High Court. The cases involve title to a very large piece of land situated right at the entrance of the planned Industrial Park located in Korangi, Karachi. It may be noted that the total estimated cost of developing this Industrial Park is approximately Three Billion Rupees.

Mr. Raashid Anwer has, inter alia, been involved in the following advisory/ transactional work as well:

(a) He has advised clients on a wide range of corporate issues including privatisation projects, joint venture agreements, mergers/acquisitions and other complex commercial transactions as well. Clients whom he has advised and/or represented in Court (on behalf of our Firm) include Procter and Gamble, Gillette, Schlumberger, Toyota, Rolls Royce, Novartis, EMC, AIG/New Hampshire Insurance Company, the State Bank of Pakistan, the Karachi Stock Exchange, the Central Depository Company, three out of the five largest Pakistani commercial banks (National Bank, MCB Bank and Allied Bank), the three largest textile groups in Pakistan (Nishat Mills, Gul Ahmed Textile Mills, Sapphire Textile Mills), the two largest cement companies in Pakistan (Lucky Cement and D.G. Khan Cement), PTCL and the two major players in the cellular phone market (Mobilink and Ufone). He has also advised clients in relation to various aspects of project finance and/or restructuring including (but not limited to) representing the Lender of Davis Powergen Ltd. which is an IPP being set up in Jhang, Punjab.

(b) He has also advised clients in relation to various aspects of project finance and/or restructuring including representing the Lenders of Davis Powergen Ltd. which is an IPP being set up in Jhang, Punjab as well as advising the acquirers of the two AES power plants in Pakistan.

(c) He had earlier advised the purchasers of AES Pak-Gen Ltd well.

(d) He has advised the Dewan Group in its negotiations with the Steering Committee set up by the State Bank to deal with the largest bank default in Pakistan’s history.

(e) He has advised on the merger of the Asset Management Companies of MCB Bank and Arif Habib Investments, and the corporate restructuring (involving both mergers as well as demergers) of a number of large corporate groups including the Sapphire Group and the IBL Group.

(f) He has also advised the Government of Pakistan (as well as several trade associations) in relation to international trade issues vis a vis the European Union. In 2005, he was requested to accompany (and brief) the Pakistani Prime Minister prior to his negotiations in Brussels for accession to the European Union’s Generalised System of Preferences (GSP) scheme. In addition, he has also been asked to make presentations at several bilateral meetings between the Government of Pakistan and the British Department of Trade & Industry as well the Italian Trade Ministry.

(g) He has also successfully represented the largest Pakistani exporters in Anti-Dumping cases initiated by the European Commission in relation to Bed-linen, P.E.T. and Ethyl-Alcohol.

(h) He has also represented Pakistani exporters in relation to safeguard measures sought to be imposed by the Turkish Government in relation to the import of fabrics and garments.

(i) He developed (on a pro bono basis) the basic proposals for the Ministry of Law, Government of Pakistan for submission to the Asian Development Bank for reforms to the judicial sector under the Access to Justice Program.

(j) He also frequently advise on an on-going basis both the Karachi Stock Exchange and the Central Depository Company of Pakistan (CDC) on various regulatory issues both with their own regulator (i.e. the Securities and Exchange Commission of Pakistan) as well as with their regulatees (i.e. stock brokers and Issuers/participants in the Central Depository System).

Mr. Jahanzeb Awan (Advocate, High Courts of Pakistan)

Mr. Jahanzeb Awan is a partner at M/s Khalid Anwer & Co. / M/s A.K. Brohi & Co. Jahanzeb is an advocate of the High Courts of Pakistan and he appears regularly before the Sindh High Court, Lahore High Court and the Islamabad High Court. Jahanzeb also appears before the Competition Commission of Pakistan, the Securities & Exchange Commission of Pakistan and other regulatory bodies.

Jahanzeb’s recent litigation engagements include (but are not limited to) obtaining a decree running into hundreds of millions of rupees on behalf of one of the largest banks of Pakistan against a defaulting customer, an order on behalf of an airline against the initiation of coercive action by the FBR, an order from the Lahore High Court against an illegal action initiated by the Punjab Revenue Authority against the Central Depository Company of Pakistan Limited, on behalf of a leading industrial group against an order of the PRA before the Lahore High Court, on behalf of the Mutual Funds Association (and its members) against an unwarranted action by the Federal Board of Revenue, the Islamabad High Court on behalf of a leading oil marketing company to strike down the demand notices of almost Rs. 500,000,000 (Rupees Five Hundred Million Only) raised by the Federal Board of Revenue, getting the demand notices raised on account of Electricity Duty and sealing of 850 BTS Sites suspended by the High Court of Sindh at Karachi on behalf of a leading cellular company of Pakistan, successfully obtaining interim relief from the High Court of Sindh on behalf of the largest cement manufacturer of Pakistan in a commercial transaction running into millions of dollars, successfully arguing on behalf of a refinery against the operation of a school in an industrial area, successfully obtaining an order on behalf of a steel mill to prevent the deportation of their expatriate engineers and technicians which would have completely halted the production process, obtaining an injunction against the irregularities in the appointment of commercial attaches abroad by the Government of Pakistan, obtaining relief on behalf of a subsidiary company of a leasing industrial group of Pakistan against any coercive (criminal) measures against the sponsors/ directors, on behalf of a leading shipping agency against the unlawful actions of the Department and on behalf of a leading telecom company against the Sindh Revenue Board. In addition thereto, Jahanzeb is also representing Indus Motor Company Limited, Ghandhara Nissan Limited, Pakistan State Oil Company Limited, National Bank of Pakistan and the Central Depository Company of Pakistan Limited (CDC) in various matters pending before the Sindh High Court, Lahore High Court and Islamabad High Court. Jahanzeb recently acted successfully for Pakistan State Oil Company Limited to obtain an order to stay the proceedings to refer the matter to arbitration in terms of the municipal legislation which brought the New York Convention into force in Pakistan. Jahanzeb was recently engaged by M/s Yunnan Coal Chemical Industry Group Company limited in relation to a commercial arbitration against a public sector entity.

Jahanzeb’s recent advisory/ transaction engagements include (but are not limited to) advising the insurers/ reinsurers in the United Kingdom in a dispute before the High Court in London arising out of the Rental Power Cases, advising JS Bank on all aspects of its acquisition of HSBC Middle East (Pakistani Operations), advising the Abu Dhabi Group (ADG) in relation to Singtel’s exit from Warid Pakistan (Private) Limited and advising National Bank of Pakistan in relation to the setting up of a power plant in Punjab. Jahanzeb was earlier involved in advising the State Bank of Pakistan in relation to the introduction of the New Compensation & Benefit Structure and the revision of its existing remuneration structure. Jahanzeb is also engaged by various clients for the purpose of negotiating complex commercial contracts both in Pakistan and abroad.

Jahanzeb was recently engaged by one of the largest industrial groups in Pakistan to negotiate their contracts with their principals abroad. Jahanzeb was nominated for and attended the International Visitor Leadership Program sponsored by the US State Department. The International Visitor Leadership Program (IVLP) is the U.S. Department of State’s premier professional exchange program for leaders of their fields. The alumni of the IVL Program include 330 current and former Presidents, Prime Ministers and many other distinguished leaders from the public and private sectors worldwide. Some of the notable alumni include Ms. Margaret Thatcher, Mr. Tony Blair, Mr. Gordon Brown, Mr. Nicolas Sarkozy, Ms. Indira Gandhi, Mr. Manmohan Singh, Mr. Paul Keating, Ms. Julia Gillard etc. As part of the program, Jahanzeb visited Washington DC, Philadelphia, Atlanta, Reno & Chicago and interacted with judges, leading lawyers, academics, policy-makers and members of leading think tanks.

Jahanzeb is also the Convenor of the Strategic Advisory Group which has been formed to monitor and review the Enhanced Democratic Accountability and Civic Engagement (EDACE) project which is being funded by the UK Foreign & Commonwealth Office. This project aims to find opportunities to make short-term, high-impact grants to improve rights awareness, citizen engagement, access to justice, and provision of security services to ensure that Pakistani citizen rights and democratic processes are strengthened at provincial and local levels.

Jahanzeb is the recipient of the Professional Achievement Award 2016 by the British Council. Jahanzeb is also the Vice-Chairman of the Pak-Mauritius Business Association in Sindh. Jahanzeb is also the Alumni Ambassador of Goodenough College (London House), United Kingdom in Karachi.

Jahanzeb is a part of the distinguished faculty which conducts the certified training of directors of public listed companies offered by the Institute of Directors (IoD), UK in collaboration with the Pakistan Institute of Corporate Governance. Jahanzeb also regularly conducts corporate governance awareness workshops as well as mandatory training of directors of public listed companies as per the Code of Corporate Governance. In this regard, Jahanzeb was invited to obtain the certification given by the International Finance Corporation (IFC) to conduct the directors’ training program which is prescribed by the Code of Corporate Governance for directors of public listed companies. Jahanzeb was also invited to obtain the certification given by the International Finance Corporation (IFC) & the Centre for Dispute Resolution (CEDR, UK) to train directors of listed companies in issues pertaining to Corporate Governance, in general, and alternative dispute resolution, in particular.

Jahanzeb has been involved in conducting training/ workshops for members of the subordinate judiciary (Judges of District and Civil Courts), members of the police force and advocates of the Karachi Bar Association. Jahanzeb has also been involved in carrying out workshops in the fields of Civil Trial & Advocacy for the members of the Karachi Bar Council.

Jahanzeb has also initiated the Lecture Series on Democracy, Human Rights & the Rule of Law. The concept underpinning this initiative is to connect leading scholars worldwide (and locally) with civil society activists, lawyers, and law students in Pakistan. Jahanzeb has organized lectures with, inter alia, Mr. Ryan Rowberry (Former Rhodes Scholar, US Supreme Court Fellow, Asst. Professor of Law at Georgia State University, USA) and Mr. David Fontana (Associate Professor of Law at George Washington University, USA), and Professor Clyde Wilcox (Professor of Government at Georgetown University, Washington DC, USA) on lectures ranging from the US Legal System to comparative constitutional law and from human rights to the rule of law. These lectures have been organized in collaboration with the US Consulate, Karachi and the local law schools.

Jahanzeb serves on the board of various charitable institutions which are working actively in the fields of affordable healthcare, access to justice, education and old peoples’ home. Jahanzeb is a Barrister of Lincoln’s Inn. He has attended the Inns of Court School of Law (UK), the University of Sheffield (UK) and the Institute of Business Administration (IBA).  

Mr. Yousuf Nasim (Advocate, High Courts of Pakistan)

Mr. Mohammad Yousuf Nasim completed his primary schooling at the Karachi Grammar School in 2003. He obtained his HBA from the University of Toronto in History, Political Science and Philosophy in 2007. He received his LL.B. and LLM from the University of London in 2009 and 2011 respectively.

Mr. Yousuf appears regularly before the High Courts of Pakistan and the tax tribunals for commercial law related matters, with a particular focus on arbitration law, banking law, company law, competition law, electricity law, insurance law, and taxation law. He also frequently advises clients with regards to regulatory issues, shareholders’ rights, mergers/demergers, acquisitions, restructurings, transactions, and public procurement related matters. He has a wide range of experience in the energy sector.

Some of the litigation which he has been involved in includes:

Obtaining interim relief on behalf of Deutsche Bank AG (and thereafter, Alfalah GHP Investment Management, and eleven of its investment funds) in relation to an issue involving taxation law and constitutional law. In these cases the Petitioners have challenged the vires of a Federal Sales Tax demand following the devolution of legislative powers to the Provinces under the 18th Constitutional Amendment.

Appearing on behalf of companies belonging to the Sapphire Group, one of Pakistan’s largest textile manufacturing concerns, in some of their petitions seeking the Court’s sanction for their restructuring.

Appearing on behalf of National Bank of Pakistan, one of Pakistan’s largest commercial banks, in several suits under the Recovery of Finances Ordinance, 2001, in relation to loan defaults.

Defending the Supreme Group in respect of disputes initiated by local contractors. The cases involve questions of contract law and arbitration law.

Appearing on behalf of Procter & Gamble in relation to a matter involving an interpretation of what kinds of manufacturing activities are liable to be subjected to Minimum Value Added Tax under the Sales Tax regime.

Appearing on behalf of Procter & Gamble in relation to the levy of Provincial Sales Tax on Services by both the Sindh and Punjab Provinces on the same economic activity.

Appearing on behalf of Indus Motor Company Ltd., the local manufacturer of Toyota and Daihatsu, in relation to the vires of a levy of excise duty on ‘franchise services’.

Some of the advisory and transactional work which Mr. Yousuf has been involved in includes:

Advising Sui Southern Gas Company Ltd. in relation to a public procurement issue - Grievance Petitions had been filed by three bidders in relation to a tender for construction of Pakistan’s second LNG Terminal. The project was tentatively valued at $5 billion. SSGC’s determination in respect of these petitions was subsequently upheld by the High Court of Sindh at Karachi.

Advising MCB Asset Management on its merger with Arif Habib Investment Management (to form MCB Arif Habib Savings), with respect to the drafting of the shareholders’ agreements, and in respect of obtaining regulatory approvals from the Securities and Exchange Commission of Pakistan, and the Competition Commission of Pakistan.

Played a key role in the team advising JS Bank in its proposed acquisition of HSBC’s Pakistan Operations.

Advising corporate groups such as International Brands, Sapphire, Jaffer Brothers, and Hussain Mills in planning and implementing their corporate mergers/demergers and restructurings.

Conducting settlements with the families of victims of the crash of Airblue Flight ED-202, on behalf of a large international consortium of insurers.

Advising Sindh Education City, a statutory body, on the drafting of its Rules and Regulations.

Advising corporate groups such as Nishat group (including MCB Bank), Sapphire group, Gul Ahmed group, Naveena group, etc. in relation to taxation law, regulatory concerns, contractual disputes, banking matters, and company law issues.

Mr. Yousuf regularly advises and represents clients before regulatory forums such as the Securities and Exchange Commission of Pakistan, the Competition Commission of Pakistan, the National Electric Power Regulatory Authority, and the State Bank of Pakistan.

Mr. Yousuf’s experience in the energy sector includes the following:

Played a key role in the team led by Mr. Khalid Anwer, which represented all the major oil and gas IPPs in ADR proceedings initiated in respect of payment disputes with the National Transmission and Despatch Company Ltd., the power purchaser. The issue involved, in which many billions of rupees were at stake, was whether the IPPs could claim full capacity payments, despite fuel shortages caused due to delays in payment by the power purchaser. The determination of the Expert appointed under the PPA was issued in favor of the IPPs. It is expected to have a major impact on the energy market in Pakistan.

Advising National Bank of Pakistan in relation to its financing of Davis Energen and drafting the Finance Documents in relation thereto.

Advising a prospective middle-eastern acquirer intending to purchase a substantial proportion of the shareholding in Uch-I and Uch-II.

Advising Gul Ahmed Energy, a project company with a 130MW plant, in relation to disputes under its Power Purchase Agreement.

Advising and representing K-Electric, a private integrated power company, in proceedings initiated by NEPRA in relation to alleged faults and shortcomings in K-Electric’s generation, distribution, and transmission network, during the 2015 heat-wave in Karachi.

Advising Aquagen in relation to its BOOT project for supply of electricity to PNS Karsaz, and representing it before the National Electric Power Regulatory Authority in its subsequent dispute with K-Electric regarding whether or not such activity violated K-Electric’s ‘distribution license’.

Representing Al-Abid Silk Mills Ltd. in respect of proceedings before the National Electric Power Regulatory Authority in its dispute with K-Electric regarding whether or not a supply of power from a captive plant in one of its factories to another, violated K-Electric’s ‘distribution license’.

Advising foreign investors in relation to the prevailing feed-in solar power tariff and representing them before the Alternative Energy Development Board, the Punjab Power Development Board and the Energy Department of the Government of Sindh.

Mr. Yousuf is a fifth generation lawyer. His great-grandfather was the Advocate General of the United Provinces in British India, and the first Advocate General of Pakistan (as the post was then known). His grandfather was the longest serving Chief Justice of Pakistan.

Mr. Syed Mustafa Ali (Advocate, High Courts of Pakistan)

 


Associates:

Mr. Kunwar Majid Ali Khan
Mr. Jawad Qureshi
Mr. Salman Asghar Shaikh

Mr. Salman is an Advocate of the High Courts of Pakistan and appears regularly before the High Court of Sindh at Karachi in matters ranging from Civil law, Commercial law, Constitutional law, Banking law, Corporate law, Taxation, Property law, Labour and Employment matters. He regularly appears before various Commissions/ Tribunals, inter alia, Inland Revenue, Customs Tribunal and the Securities and Exchange Commission of Pakistan. He is involved in litigation as well as corporate and general legal advisory / transactional matters. He is also a retainer counsel of some of the renowned corporate groups / companies of Pakistan.

Mr. Salman is a Barrister of Lincoln’s Inn and has attended the University of Law (United Kingdom). He completed both his LL.B (Hons.) and LL.M (International Commercial Law) from Cardiff University (United Kingdom).

Mr. Salman also attended the Harvard University, where he successfully completed two short courses i.e. International Relations and International Conflict and Co- operation.

Mr. Ali Mehdi
Mr. Habib Kazi

Habib Kazi has completed his LLB (Hons) from the University of London International Programme. He regular advises clients on Banking, Commercial, Constitutional, Civil, Employment, Labour, and Taxation laws. He is also involved in corporate advisory and transactional matters including, inter alia, Legal Due Diligence, Mergers & Acquisitions, shareholders with respect to protection of their rights and he assists his Senior Counsels in the High Courts and in the Supreme Court of Pakistan by drafting pleadings.

Habib played an active role in vigorously defending the clients’ interests before the Honourable Sindh High Court which ultimately lead to a settlement between the shareholders and directors of a Company. Thereafter, he also advised them in relation to the restructuring of their Company which was eventually approved and sanctioned by the Honourable Sindh High Court.

Furthermore, he has actively participated in litigation pertaining to recovery of loans worth Billions of Rupees for various Banks which includes, inter alia, National Bank of Pakistan and Allied Bank of Pakistan.

Prior to joining the firm, he worked in the legal department of a leading multinational pharmaceutical company, wherein, he regularly advised them in commercial and regulatory matters.

Mr. Fawad Baluch

Fawad joined the firm as an Associate in 2014 after graduating with an LLB (Hons) from the University of London International Programme. He regular advises clients on Banking, Commercial, Constitutional, Civil, Competition, Drugs/Pharmaceutical, Employment, Power/Energy, Labour, and Taxation laws. He is also involved in corporate advisory and transactional matters including, inter alia, Legal Due Diligence, Mergers & Acquisitions, and Project Finance. He assists Senior Counsel in the High Courts and in the Supreme Court of Pakistan by conducting legal research and drafting pleadings.

Prior to joining the firm he undertook internships at two leading corporate law firms as well as in the legal department of a multinational company. He has been appointed an Alumni Ambassador for Undergraduate Laws by the University of London. He contributes articles on political issues and international affairs to leading English newspaper.

Mr. Waqar Ali Baloch

Mr. Waqar Ali Baloch’s main area of practice is in litigation and dispute resolution. He assists the partners on various contentious matters, in diverse legal areas of practice, which include (but are not limited to) banking, civil, commercial, constitutional, customs, arbitration, company, labour laws etc. He also works on various non-contentious matters, including advisory work, legal opinions, legal drafting, regulatory matters etc.

Mr. Waqar is a Barrister-at-law and a member of the Honourable Society of Lincoln’s Inn. He was called to the Bar in 2014, having completed his BPTC with an ‘Outstanding’, for which he also received the Buchanan Award from Lincoln’s Inn. He graduated with L.L.B (Hons.) from the University of London International Programmes, in 2013.

He is enrolled with the Sindh Bar Council and a member of the Karachi Bar Association.

Mr. Saif Ali Akber
Mr. M. H. Javaid


Court Clerk:

Mr. M Yaqoob

 

News Update

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.