NITL to launch two new funds

KARACHI: The 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), a statement said on Thursday.

To introduce the new funds and discuss NIT’s performance, NITL managing director Adnan Afridi met Fauji Foundation managing director Waqar Ahmed Malik in Islamabad.

Malik commended the performance of NITL under the management of Afridi and also applauded the efforts of the NITL official for launching Pakistan’s First Social Impact Fund, which will be dedicated to finance strategic and financially sustainable social initiatives such as women empowerment, agriculture value chains, low-cost renewable energy, etc.

The addition of NIT-SIF and NIT-IMMF is an attempt to expand NITL’s suite of products, with a dedication to cater to the needs of its existing and potential customers.

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