BMA Capital is the highest ranked Pakistani & South Asian investment bank according to Bloomberg Financial News Agency. Bloomberg has ranked BMA at the impressive #2 spot after JP Morgan in global firms operating in South & Central Asia, and #13 across Asia on the M&A league tables. No other Pakistani firm features in Bloomberg’s list of top 20 firms. This honour has been bestowed upon BMA after the firm successfully advised Etisalat, the telecom giant of the Middle East, on the privatisation of PTCL.

Upon finalization of the deal, PTCL’s privatisation will generate US$2.598 billion for the Government of Pakistan, making it the largest privatisation in Pakistan’s history. It is also the largest Foreign Direct Investment (FDI) inflow ever in Pakistan and the largest telecom M&A deal in Asia since July 2003. BMA, which has lead, managed several landmark transactions in Pakistan, now heads the league table for privatisation advisory in Pakistan, having advised on nearly 70% of all privatizations by value in the nation’s history.

The deal represents a watershed moment in Pakistan’s economic progress and a major vote of confidence in the Government’s privatisation program by the international investment community. Etisalat agreed to pay US$1.96 per share for the 26% strategic stake with management control of PTCL. BMA Capital’s CEO, Mr. Farrukh H. Khan, said on the occasion "We are proud to have been involved in one of the most important transactions in the nation’s history".