Regularly advising on REITs, modarabas, and growth listings, the team at Akhund Forbes remains busy, assisting with the structuring of new products alongside regulatory reform. The group boasts clients in a wealth of sectors both internationally and locally, including biotech and clean energy. Team head Rabel Akhund offers expertise in ESG-linked products, investor activism, and digital markets. The group is also highly sought after for their listed company M&A capabilities, adeptly navigating the intersection of public markets, regulatory structuring, and multi-jurisdictional matters. Sahar Iqbal is another key contact, noted for her work advising on mutual funds matters.

The team at Mohsin Tayebaly & Co offers a wealth of expertise in Shariah Compliant Sukuk Certificates, regularly providing full scope investor side advisory services for companies active across a wide variety of sectors. The group is also adept at handling green bonds, with experience in advising on legal and regulatory framework alongside the structuring and documentation of bonds. Irfan Tayebaly and Vaseeq Khalid lead the department, and both are noted for their work in corporate and banking matters. Other key contacts within the group include Mikael Rahim, who is recommended for his work on REITs, and Mehreen Manto, who offers a wealth of experience in regulatory approvals and consents. Kamil Tayebaly is another notable name.

Routinely handling a range of novel capital market vehicles, the team at Ahmed & Qazi is well-equipped to advise on global and domestic capital market matters. The group is present at all stages of a transaction's life cycle, from structuring to post-closing compliance. Of recent note, the team has supported the development of domestic green instruments alongside advising on private sector green Sukuks. It also offers expertise in REIT transactions, having established Pakistan’s first REIT association. Nazif Ahmed heads up the practice and is noted for his work with government departments and investment banks.

Jointly chaired by Karachi-based Ali Vasi and Zahra Abid, the team at Haidermota & Co Advocates is skilled at advising on complex debt and equity capital market matters, working on de-listings, private infrastructure funding, and shareholder obligations. The group also brings expertise on Shariah compliant finance, recently providing comprehensive support on one of Pakistan’s first Shariah compliant hybrid REIT funds, advising on regulations, procuring approvals, and the impact of the REIT. Babar Zaman works alongside Vasi and Abid and is noted for his work with on and offshore investors.

The team at Nawaz Hussain Sikander remains busy, with extensive experience advising clients on REITs and supporting clients that are active across a range of sectors. Alongside this, the firm is adept at handling private fund formation, including the structuring and operationalisation of them. In the wider capital markets arena, it regularly advises clients on navigating regulatory frameworks, while supporting them with capital markets transactions. Imran Nawaz Memon spearheads the team and is noted for his work in Sukuk issuances, trust structuring, and asset-backed security frameworks. Mehrunnissa Katpar works alongside him, advising clients on the legal and regulatory aspects of REIT transactions.

With clients active in banking, the stock exchange, and investment work, the team at Liaquat Merchant Associates routinely advises on regulatory compliance, capital-raising instruments, and Sharia-compliant structures. The group regularly advises the Pakistan Stock Exchange, alongside clients in the banking sector. Faresa Jafarey Ahsan leads the team, providing experience in mutual funds and Islamic finance. Hira Ahmad plays a key role in the team; she is noted as lead counsel on flagship mandates.

Aliya Yusuf, Asim Nasim, and Zahir Riaz lead the capital markets team at Orr, Dignam & Co., supporting clients in the banking, investment, and oil industries. The group has experience in advising on delistings, transaction structures, and project financings. Alongside this, it has recently advised on finings by the Pakistan Stock Exchange, insider trading policies, and related party policies. Riaz brings over forty years of experience to the team, offering multi-disciplinary support, Yusuf is noted for her work in the energy sector, and Nasim specialises in project financing.