Karachi, UBL Fund Managers Limited informed Pakistan Stock Exchange that Sindh Revenue Board via letter no. SRB/TP70/2013/8772 dated Aug 12, 2021, received on Aug 13, 2021, has clarified that Sindh Workers’ Welfare Fund is not applicable on Mutual Funds and Voluntary Pension Schemes, accordingly Mutual Fund Association of Pakistan in its meeting held on Aug 13, 2021 at 7.00 pm has decided that Reverse the full provision against Sindh Workers’ Welfare Fund (SWWF) held in the Collective Investment Schemes (CIS’s) and Voluntary Pension Schemes (VPS’s).
The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients. The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients.
UBL Fund Managers Limited (a wholly owned subsidiary of United Bank Limited) as the management company, a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee. The Trust Deed has also been approved by the Securities and Exchange Commission of Pakistan (SECP).