KARACHI: National Investment Trust (NIT) and Habib Bank Limited on Monday inked an agreement to sell NIT units in 30 selected branches across the country.

Chairman and Managing Director NIT Triq Iqbal Khan, and SEVP and member Management and Group Executive, Retail Banking Group, HBL Abid Sattar, signed the agreement. Under the agreement NIT will pay fixed commission to HBL on the sale of NIT units.

Tariq Iqbal Khan, speaking on the occasion said all over the world banks, meets their customers demand of investment package from bankers for their surplus funds and this agreement will meet the need of those depositors-cum-investors who wants to invest their surplus funds in safe investments having positive track record of giving dividends.

He said this agreement would usher new era of marketing of a financial product, NIT having sound track record. He said we expect with the start of sale of NIT units in smaller towns the aim of reaching to middle class investors will be met. Mr. Abid Sattar said the agreement will enhance the business opportunities of the bank and at the same time will enhance the numbers of clients of the bank.