PESHAWAR: Bank of Khyber (BOK) has entered into a partnership with ABL Funds for distribution of ABL asset management mutual fund units through its network of branches.

A statement issued here said that a memorandum of understanding (MoU) in this regard was signed between Zarak Khan, head liability and business developmentdivision, BOK, and Naveed Nasim, CEO, ABL Funds.

The MoU signing ceremony was held in the presence of Irfan Saleem Awan, acting managing director BOK, Sher Mohammad, BOK group head of conventional banking and other senior bank officials.

Representing ABL Funds were Syed Khalid Husain, country head; Azmat Baig, head retail; Rehan Ansari, head operations and others.Under this agreement, BOK will serve as a distribution agent for the sale of ABL asset management mutual fund units, allowing customers, especially organisations, to benefit greatly from this partnership. This collaboration grants them access to an expanded product range, including voluntary pension schemes offered by ABL Funds. Bureau Report