Karachi, National Investment Trust Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on August 10, 2022 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2022.
The NITL was established as a Trust which was constituted under the Trust Deed dated 12th November 1962, executed between National Investment Trust Ltd (NITL) as Management Company and National Bank of Pakistan as Trustee.
However, subsequently, Central Depository Company of Pakistan Limited (CDCPL) was appointed as the new Trustee of NIUT Fund with the approval of Securities and Exchange Commission of Pakistan.
The change was finalized vide 7th supplemental Trust Deed dated 1st April, 2014 executed between National Investment Trust Limited (NITL) as Management Company and Central Depository Company of Pakistan Limited (CDCPL) as Trustee with effect from 16th May, 2014.