Akhund Forbes advises China Development Bank on a USD 1 billion refinancing of its loan to Pakistan

Akhund Forbes is pleased to have advised China Development Bank on its USD 1 billion refinancing of its loan to Pakistan. This follows from a USD 700 million refinancing that Akhund Forbes had advised China Development Bank on earlier in 2023 in connection with its loans to Pakistan. These refinancings were essential to unlocking the IMF bailout which Pakistan succeeded in securing at the end of June 2023. The transactions were led by Akhund Forbes partner Rabel Akhund.