The ‘very talented and highly professional team’ at Akhund Forbes is known for its work on a range of high-value and complex transactions, which often span multiple jurisdictions. Recently, it has worked on a variety of deals involving the sovereign debt refinancing of the Government of Pakistan’s international debt and continues to be busy advising several international lenders. In addition, it advises many corporate clients on structured sukuk and bond transactions and has advised on numerous strategic power projects. Practice head Rabel Akhund has a wealth of experience in climate finance matters. Sahar Iqbal garners praise for her work on a variety of conventional banking matters. Bilal Awais was promoted to the partnership in January 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Very talented and highly professional team.'

  • 'Their comprehensive knowledge of both conventional and Islamic finance allows them to offer specialised services to a diverse clientele.'

  • 'One of Akhund Forbes’ key strengths is its personalised approach. The team takes the time to understand each client’s business objectives and financial goals, providing tailored legal solutions that align with these aims.'
  • 'In Islamic finance, Akhund Forbes excels with expertise in Sharia-compliant financial products and structures, providing clients with options that adhere to Islamic principles. This specialisation is valuable for clients navigating the growing field of Islamic finance.'
  • ‘The individuals at Akhund Forbes stand out due to their exceptional expertise, dedication, and client-focused approach. Partners like Rabel Akhund and Sahar Iqbal are distinguished by their deep knowledge of banking and finance law, coupled with a proactive problem-solving attitude.'
  • ‘Very professional.’

  • ‘Rabel Akhund is always ready to provide prompt and valuable Pakistani law advice. Very reliable partner.’

  • 'I particularly value their responsiveness, professionalism, and the genuine interest they show in our business objectives. These qualities make them invaluable partners in navigating complex legal landscapes.'

Key clients

  • Act Polyols (Pvt) Limited
  • Pinsent Masons LLP
  • JS Bank Limited
  • Arif Habib Corporation Ltd
  • Aisha Steel Mills Ltd
  • Arif Habib Group
  • Facebook/Meta
  • Credit Suisse
  • China Development Bank
  • China Power Hub Generation Company Limited
  • FenXun Partners
  • Asian Development Bank
  • Paine Sevens LLC
  • Privatisation Commission, Govt of Pakistan
  • ZoodPay
  • Ghulam Rasool Company
  • Acumen Energy Limited
  • Deutsche Bank AG

Work highlights

  • Advised China Development Bank on a $1bn loan to the Government of Pakistan.
  • Advising Export Import Bank of China on LIBOR and SOFR transition in connection with a number of loans in the energy sector in Pakistan.
  • Advised China Power Hub Generation Company Limited on major sukuk and commercial paper transactions.

Practice head

The lawyer(s) leading their teams.

Rabel Akhund

Other key lawyers

Sahar Iqbal, Bilal Awais