In Karachi, people who have invested with Pakistan's oldest and largest investment company, the National Investment Trusts (NIT) will be able to withdraw against their investment units via newly-issued ATM cards. Seen in the Daily Times, NIT has over 22 branches all around Pakistan and another 102 authorised bank branches in their network. This widely space distribution network will therefore make it much more convenient for their customers to obtain their cash easily.
This is all part of NIT efforts to pave the way in Pakistan's capital markets. Investors who choose to use this first of its kind service in Pakistan will be withdrawing from whatever holdings they have with NIT. To make it even more convenient for their customers, NIT has partnered up with Summit Bank to allow NIT fund holders to withdraw from Summit banks network. By making their cash available 24/7, NIT is not only hoping to lead the capital market but also help in some small way to liberalise the capital market in Pakistan.
To find out more about cards & payments development in Asia, you definitely have to be at Cards & Payments Asia 2012 exhibition and conference. The 17th edition of Asia's leading smart cards & payments event will feature:
- Exhibition: leading smart technology solution providers from cards & payments, NFC, digital identification, biometrics and ticketing
- Seminars: Over 60 FREE educational seminars across 3 days
- NEW! Conference: One mega conference covering various tracks dedicated to cards & payments, prepaid cards, NFC and digital identification.>Download premailer brochure here!
- Awards: Smart Card Awards Asia 2012
Online visitor pre-registration is now available! Register before 13 April 2012 for your FREE exhibition visit now!