Pakistan Government To Launch Two Mutual Funds In Next Few Weeks: NASDAQ

KARACHI -(Dow Jones)- Pakistan's state-run mutual fund, National Investment Trust, will launch two funds in a few weeks, its chairman and managing director said Monday.

"The government has allowed to launch the new funds," Tariq Iqbal Khan told Dow Jones Newswires.

The NIT-Government Fund, which will invest in government securities such as treasury bills and bonds, will be launched by September end and the Income Fund is expected to be launched by next month, he said.

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