Karachi, ABL Asset Management Company Limited informed Pakistan Stock Exchange that in accordance with SRB letter and MUFAP Board decision the ABL Asset Management Company Limited has reversed the provision maintained regarding SWWF in the books of all Mutual Funds and Voluntary Pension Funds under its management, as applicable.

ABL Asset Management Company Limited (ABL AMC) is a wholly owned subsidiary of Allied Bank Limited (ABL) with a paid up capital of Rs.500 Million. ABL Asset Management Company is licensed to undertake asset management and investment advisory services and aims to set the highest industry standards for integrity and quality of service through professional fund management of Mutual Funds. Allied Bank Limited, the parent concern of ABL AMC, is one of the oldest banks in Pakistan established in 1942 and privatized in 2004.

Since then ABL has come a long way in offering various technology based products and services, including real-time banking to its diversified clientele through its network of more than 800 online branches and 500 plus ATMs across Pakistan.