Karachi, Pakistan Income Fund informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended March 31, 2019 have been transmitted through PUCARS and is also available on Company’s website.
Pakistan Income Fund (PIF) is an open end fund, which invests in corporate securities, Government securities; money market placements, TDRs and short maturity reverse repurchase transactions. PIF is a long only fund and cannot undertake leveraged investments. Under the Regulation number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to borrow up to 15% of net assets for up to 90 days to meet redemption needs.
The symbol “OEFPIF” is being used by the stock exchange for the Pakistan Income Fund.