Pakistan’s stock brokerage and corporate advisory firm on Sunday collaborated with a leading law firm in a bid to help boost businesses in the country.
KTrade Securities signed a memorandum of understanding (MoU) with Ahmed & Qazi Advocates and Legal Consultants to provide assistance to Pakistani businesses in dealing with current macroeconomic challenges.
Both firms believe that the collaboration will result in innovative legal and financial solutions for Pakistani enterprises and the development of corporate finance and capital market in the current environment of unprecedented macroeconomic challenges.
“The collaboration will help Pakistani companies get better access to capital to deal with economic challenges and to fully benefit from the opportunities it creates,” KTrade co-founder Ali Farid Khwaja said.
Ahmed & Qazi Advocates and Legal Consultants is a commercial law firm in Pakistan offering high-quality personalised legal services to large corporations and banks in the country.
The law firm has several firsts to its credit among them including the first commercial paper in Pakistan, all the first seven SECP-approved securitisation transactions, the first green bond, the first listed developmental REIT and the introduction of token registered mortgage that all the banks routinely use today to take advantage of registered mortgages without having to pay heavy stamp duty.
The aim of the collaboration is to work together to develop financing solutions that can help Pakistani companies raise capital and get financing in order to deal with current macroeconomic headwinds.
Both firms will also jointly hold training workshops and seminars and host conferences to enable business leaders and regulators to come together to promote capital markets, corporate finance, and Pakistani enterprise.
The MoU was executed by KTrade Securities’ Managing Director Nadia Ishtiaq and Nazif Ahmed — who is the partner of Ahmed and Qazi Advocates and Legal Consultants with representatives from both organisations.