NITL to Launch Two New Funds

Pakistan’s First Asset Management Company, National Investment Trust Limited (NITL), is in the process of launching two new funds, NIT – Social Impact Fund (NIT-SIF) and NIT- Islamic Money Market Fund (NIT-IMMF). ALSO READ SECP Introduces Major Capital Market Reforms To introduce the new funds and discussing NIT’s performance, MD NITL – Mr. Adnan Afridi met the MD of Fauji Foundation Mr. Waqar Ahmed Malik in Islamabad. MD Fauji Foundation commended the performance of NITL under the management of Adnan Afridi. He also applauded the effort of MD NITL for launching Pakistan’s First Social Impact Fund which will be dedicated to financing strategic and financially sustainable social initiatives such as women empowerment, agriculture value chains, Low-cost renewable energy, etc. ALSO READ SBP Devises Rules for Banks to Stop Malpractices of Selling Bancassurance The addition of NIT-SIF and NIT- IMMF is an attempt to expand NIT’s suite of products, with a dedication to cater to the needs of its existing and potential customers.