Cornelius, Lane & Mufti (CLM) acts as legal counsel for the borrower, Central Power Purchasing Agency Guarantee Limited, in Pakistan’s largest ever financing transaction – PKR 1.225 trillion Circular Debt Financing.

This groundbreaking transaction involves the Ministry of Energy-Power Division, Government of Pakistan, Ministry of Finance - Pakistan, the Distribution Companies (DISCOs), Power Holding Limited and a syndicate of 18 leading financial institutions, exemplifying one of the more complex and collaborative financings in Pakistan to date.

We thank our clients and partners for the trust placed in us.

The CLM team comprised Munawar Us Salam (Partner), Muhammad Haroon Mumtaz (Partner), Hassan Pervaiz (Senior Associate) and Daniyal Mirza (Associate).