NBP holds awareness seminar at HCCI

RECORDER REPORT

HYDERABAD: The National Bank of Pakistan (NBP) has organised an awareness seminar at Hyderabad Chamber of Commerce and Industry to share information about the benefits of Islamic Mutual Funds under NBP Fund Management Limited.

A team of the NBP officers led by the Portfolio Manager NBP Tariq Mufti gave detailed presentations to the HCCI members about the benefits of Islamic Mutual Fund, key advantages of investment in mutual fund, “Nafa” Islamic Income, Asset Allocations, Stock, Energy and Pension Funds for corporate and employees sectors.

It was informed that all these funds are being managed by the NBP in accordance with Shariah approval and attaining in positive direction with satisfaction of beneficiaries. The NBP is organising such awareness seminars all over the country with hope that the corporate sector as well as the employees would get maximum benefits from such initiatives, it was informed.

President HCCI Muhammad Shahid in his welcome address admitted that the NBP funds are offering various attractive investment options along with tax savings, suitable to the needs of corporate and individual investors.

There is no lock in period and investments can be withdrawn any time without any penalty, he said and added that corporate money invested in NBP Funds enjoys exemption from corporate taxes to a large extent provided that the investor opt for bonus units. The NBP Funds also offering attractive tax benefits for individuals, he added.