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IGI introduces Stock Fund
IGI signs Trust Deed for launch of Islamic Income & Growth Fund
Corporate Finance Deals
IGI Funds introduces ‘Investment Opportunities’ for the Faisalabad business community
‘Step Up’ with improved rates
IGI Funds Signs MoU with Pak Brunei Investment Company
IGI Investment Bank-Corporate Marketing Department participated in the International Plastic & Packaging Industry Exhibition from 13-16 May 2008 at the Karachi Expo Center.
IGI Funds participates in the BMA Financial Investor Forum
IGI Investment Bank- Promoting the Arts in Pakistan
IGI Insurance sponsors ‘Vintage & Classic Car Show 2008’
IGI Funds participation in 4th TCF Golf Tournament
IGI Investment Bank at the 2nd South Asian Capital Markets Conference
IGI Investment Bank as the lead Advisor and Arranger of PEL Commercial Paper issue
IGI Funds Limited offers personal accident cover FREE
IGI Investment Bank at the 3rd Annual Auto, Auto Parts and Accessories Exhibition
A Step Up in Savings
Trading Confirmation SMS Service through IGI Securities
IGI Fund Select Mall Event
The IGI Travel Sure Summer Festival
Greenwich wins the IGI Investment Challenge Game
Economic Growth, The Indian Route
IGI Insurance launches Travel Sure Umrah Plan
Book launch of Ghulam Rasul
IGI Insurance Holds Seminar on “Defensive Driving ”
IGI Securities Holds Seminar On The Future Prospects Of Commodity & Stock Markets
IGI Investment Bank – Mobilizing Investment in the Mutual Fund Industry
IGI Financial Services at the Dawn life style
IGI Launches I-trade
IGI Financial Services – A dynamic financial services group has been launched
First Ever Return Guarantee product developed by IGI Investment Bank for
Open End Mutual Funds
IGI Investment Bank appointed as Financial Advisor to Hascombe Group
INTERBANK Changes Name to IGI Investment Bank
PACRA Maintains the IFS Rating of International General Insurance
Company of Pakistan Limited (IGI)
IGI launches Auto Cover – An automobile insurance plan
IGI introduces Travel Sure Senior Citizens’ Plan
International General Insurance – IGI sponsors “Art for Charity” event
IGI sponsors event to pay homage to the renowned artist Bashir Mirza
IGI Funds signs trust deed of IGI Income Fund
 
 
 
IGI introduces Stock Fund

July 15, 2008-IGI Funds Ltd, the Asset Management Company of IGI Financial Services and Packages Group has launched the much anticipated ‘IGI Stock Fund’ on June 15, 2008. The Fund aims to capture interest of investors who seek long-term capital growth by investing primarily in a diversified pool of equities and equity related investments. The IGI Stock Fund, an open ended scheme will provide investors an opportunity to benefit from a diversified stock market portfolio which will be prudently managed by a professional fund manager at IGI Funds.

Currently, IGI Funds also manages the IGI Income Fund which has provided consistent returns of 9.5 % and above since its inception in April 2007 to its retails and institutional investors. The company has also recently signed the Trust Deed for the IGI Islamic Income and Growth Fund which will be launched in the very near future.

“The Stock Market has suffered major corrections in its levels in response to changes in interest rates and the economic scenario. IGI Stock Fund is being launched at a good time and will get an opportunity to deploy funds at very attractive Stock Market levels. The Fund should perform better against existing funds as all deployments will be fresh and in sectors/ stocks that are attractive in the new economic scenario.” said Ali Azam Shirazee, CEO, IGI Funds Ltd.

IGI Funds Limited is a Group company of the IGI Financial Services and Packages Limited and provides Asset Management and Investment Advisory Services in conformity with the NBFC Rules, 2003. For more information please log on to www.igifunds.com.pk or call 0800-2-34-34.

 
IGI signs Trust Deed for launch of Islamic Income & Growth Fund

Karachi: July 8, 2008 – IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group, announced at CDC House today that it had signed a Trust Deed for the launch of the IGI Islamic Income & Growth Fund.

IGI Funds Limited currently manages the IGI Income Fund which was launched in April 2007 and has offered returns of 9.5% & above since its inception. The company also recently signed the Trust Deed for the IGI Stock Fund and aims to launch both the funds in the very near future.

Mr. Ali Azam Shirazee, CEO – IGI Funds believes the new fund will be ideal for investors seeking regular and steady returns from a Shariah compliant investment portfolio. He said, “The Islamic & Income Growth Fund will be another initiative taken by IGI Funds to offer investors a new investment solution and help them gain low risk Riba-free profits in such a volatile investment environment.”

“We are pleased to sign the Trust Deed of the IGI Islamic Income & Growth Fund, as IGI Funds has proven itself to be a strong and consistent performer in our financial markets”, said Mr. Kamran Ahmed Qazi, CFO & Company Secretary – Central Depository  Company of Pakistan Limited.

IGI Funds Limited is a Group company of the IGI Financial Services and Packages Limited and provides Asset Management and Investment Advisory Services in conformity with the NBFC Rules, 2003. For more information please log on to www.igifunds.com.pk or call 0800-2-34-34.

 
Corporate Finance Deals

IGI Investment Bank’s Corporate Finance Department structured, advised and successfully executed the substantial acquisition of Dawood Lawrencepur Limited (DLL). This resulted in 49% holding of DLL by Dawood Corporation respectively. This was the first time the Bank was appointed as Manager to the Offer for an acquisition engagement. The Public announcement was published in the newspaper on May 24, 2008, providing an opportunity for IGI Investment Bank to be highlighted as an active participant in the Pakistani financial markets.

In a similar transaction, the Corporate Finance department also advised and structured the substantial acquisition of 49.5% of Central Insurance Company Limited (CICL) by Dawood Corporation. The Newspaper announcement can be viewed in the Business Recorder on June 7, 2008. This was a challenging transaction as various legal issues along with SECP and Insurance ordinances came into affect. The totall transaction size for both the Dawood Corporation acquisitions was approximately PKR 3.5 Billion.

IGI Investment Bank’s Corporate Finance Department arranges and advises on Debt and Equity issues, including Private Placements and Public Listings. It also performs underwriting of Equity and Debt Issues, Lease and Debt Syndications, Corporate Restructurings, Mergers and Acquisitions and Divestitures.

Established in 1990, IGI Investment Bank provides a range of specialized services as corporate finance, cash & treasury management, commercial financing & leasing and mutual funds advisory to meet the financial needs of investors. akistan Credit Rating Agency has awarded IGI Investment Bank a long term credit rating of ‘A’ and a short term credit rating of ‘A1’. For more information, please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34

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Corporate Finance Deals

IGI Investment Bank’s Corporate Finance Department structured, advised and successfully executed the substantial acquisition of Dawood Lawrencepur Limited (DLL). This resulted in 49% holding of DLL by Dawood Corporation respectively. This was the first time the Bank was appointed as Manager to the Offer for an acquisition engagement. The Public announcement was published in the newspaper on May 24, 2008, providing an opportunity for IGI Investment Bank to be highlighted as an active participant in the Pakistani financial markets.

In a similar transaction, the Corporate Finance department also advised and structured the substantial acquisition of 49.5% of Central Insurance Company Limited (CICL) by Dawood Corporation. The Newspaper announcement can be viewed in the Business Recorder on June 7, 2008. This was a challenging transaction as various legal issues along with SECP and Insurance ordinances came into affect. The totall transaction size for both the Dawood Corporation acquisitions was approximately PKR 3.5 Billion.

IGI Investment Bank’s Corporate Finance Department arranges and advises on Debt and Equity issues, including Private Placements and Public Listings. It also performs underwriting of Equity and Debt Issues, Lease and Debt Syndications, Corporate Restructurings, Mergers and Acquisitions and Divestitures.

Established in 1990, IGI Investment Bank provides a range of specialized services as corporate finance, cash & treasury management, commercial financing & leasing and mutual funds advisory to meet the financial needs of investors. akistan Credit Rating Agency has awarded IGI Investment Bank a long term credit rating of ‘A’ and a short term credit rating of ‘A1’. For more information, please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34

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IGI Funds introduces ‘Investment Opportunities’ for the Faisalabad business community

IGI Funds Limited, in alliance with the Chamber of Commerce and Industries Faisalabad organized an exclusive seminar on June 18, 2008 called ‘Investment Opportunities’ to introduce the advantages of Mutual Funds to the Faisalabad business community. The event was well attended by top business professionals, government officials and media personnel, giving the company an opportunity to promote its current and upcoming line of mutual funds.

In continuation with its objective to raise awareness about mutual funds, IGI Funds highlighted mutual funds as an ideal mode of investment which offer diversification, liquidity & professional fund management to its investors whilst providing a considerable rate of return. IGI Funds also introduced the IGI Income Fund at the seminar and announced plans of launching an “Islamic Income and Growth Fund” and a “Stock Fund” in the near future.

In his welcome speech, Mr. Muzammil Sultan, Vice President, FCCI, said, “The Mutual Funds industry in Pakistan has shown remarkable growth in recent years both in terms of numbers of funds as well as in net assets under management.” He further expressed his confidence, “Due to sound economic growth and higher corporate earnings it is expected that mutual funds would continue to be an attractive investment avenue for investors.”

Syed Ali Raza Bukhari, Head of Institutional Investments, IGI Funds Limited while addressing the media opined, “We aim to be a reliable partner for investors in Pakistan, offering a portfolio of structured investments to meet their specific needs. IGI Funds aims to offer a wide range of investment products to investors to meet their requirement and risk profiles.”

IGI Funds launched its first fund, IGI Income Fund in April 2007. The Fund has an investment objective to maximize medium to long-term returns while providing cash management solutions with minimal risk along with a liquid portfolio to its retail and institutional investors. The IGI Income fund has offered consistent returns of 9.5% and above to its unit holders since its inception.

IGI Funds Limited-is a Group company of the IGI Financial Services and Packages Limited and it provides Asset Management and Investment Advisory Services in conformity with the NBFC Rules, 2003. For more information please log on to www.igifunds.com.pk or call 0800-2-34-34.

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‘Step Up’ with improved rates

IGI Investment Bank has announced revised profit rates for its ‘Step Up Savings Plan.’ ‘Step Up’-a Certificate of Deposit product allows customers to deposit their cash for the duration of their choice whilst receiving a fixed profit rate on their investment. The improved Plan will offer depositors an opportunity to invest cash for as little as one month at an annual rate of 8.50% and an annualized rate of up to 13% on a deposit of 3 years, making it one of the most competitive deposit schemes around.

With the Step Up Savings Plan, investors can deposit their cash for durations of 1, 2, 3, 4 or 6 months and 1, 1.5, 2 or 3 years depending on their liquidity requirements. Profits vary according to the duration of deposit and the profit payment frequency required by the investor; monthly, quarterly, semi-annually or annually. The maximum profit that can be availed is 13% for investors depositing their cash for a period of only 3 years and receiving their profit at maturity.

Raeda Latif, Head of Marketing-IGI Financial Services said, ‘The Step Up Savings Plan is ideal for customers who want to deposit their money for a fixed period with the security of a known return while receiving the most competitive profit rates.” IGI Investment Bank is unique in offering such a deposit scheme which provides profit rates of up 13%.

IGI Investment Bank Limited provides a range of specialized services designed to meet the financial needs of investors. Established in 1990, IGI Investment Bank provides services as corporate finance, cash & treasury management, commercial financing & leasing and mutual funds advisory. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long term credit rating of ‘A’ and a short term credit rating of ‘A1’. For more information, please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34

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IGI Funds Signs MoU with Pak Brunei Investment Company

Karachi: May 13th, 2008 – IGI Funds Limited, a part of the IGI Financial Services Group, signed a Memorandum of Understanding (MoU) with Pak Brunei Investment Company to set up a “Hybrid Portfolio Fund” which will offer a steady income while providing a high degree of principal safety to its investors. The Fund will be unique in its nature as it is directed towards the needs of a specific investor class.

Speaking at the ceremony, Ms. Ayesha Aziz, Managing Director, Pak Brunei Investment Company Ltd. expressed her confidence that the Pakistani mutual fund market will continue to grow. She also emphasized the need for focused distribution efforts and customized investor based solutions.

“In line with our commitment to offer the best products, we have decided to work together with IGI Funds Ltd. to launch the PBIC Hybrid Portfolio Fund, a truly unique fund that will offer a safe investment opportunity while providing attractive returns.”

“We are pleased to sign a Memorandum of Understanding with Pak Brunei Investment Company to act as Fund Managers for the PBIC Hybrid Portfolio Fund and believe that the Fund will provide good value in terms of risk-adjusted returns and expect that the Portfolio mix will dominate the mutual fund industry in its asset class in the years to come,” said Mr. Ali Shirazee, CEO, IGI Funds Limited.

IGI Funds launched its first fund, IGI Income Fund in April 2007. The Fund has an investment objective to maximize medium to long-term returns while providing cash management solutions with minimal risk along with a liquid portfolio to its retail and institutional investors. The IGI Income fund has offered consistent returns of 9.5% and above to its unit holders since its inception. The company plans to launch an “Islamic Income and Growth Fund” and a “Blue Chip Fund” in the near future to cater to a broader range of customers.

About IGI Funds Limited-IGIFL & Pak Brunei Investment Company:

IGI Funds Limited-is a group company of the IGI Financial Services and Packages Limited and it provides Asset Management and Investment Advisory Services in conformity with the NBFC Rules, 2003. For more information please log on to www.igifunds.com.pk or call 0800-2-34-34.

Pak Brunei Investment Company is a joint venture between the Government of Pakistan & Brunei Investment Agency. For more information please write to info@pakbrunei.com.pk

 
IGI Investment Bank-Corporate Marketing Department participated in the International Plastic & Packaging Industry Exhibition from 13-16 May 2008 at the Karachi Expo Center.

As the only financial institution at the event, IGI Investment Bank had an opportunity to network with key players in the plastic & packaging industry from a unique platform. The Corporate Marketing team was present at their stall to promote the leasing and lending facilities offered by the Bank.

Due to the current increase in local and international demand, the plastic and packaging sector is another booming sector in Pakistan and is contributing directly to the growth, development and exports of the country. More than 200 leading names from the world’s plastic, printing, packaging and food industries also participated at the exhibition with representation of 20 countries from all across the globe. The exhibition was also given extensive media coverage by over 13 media channels and 15 representatives from print.

IGI Investment Bank Ltd is one of the leading investment banks in Pakistan. It was established in 1990 and carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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IGI Funds participates in the BMA Financial Investor Forum

On April 26, 2008, IGI Funds participated in the first BMA Financial investor forum, arranged by the ‘BMA Financial’ and 'Pakistan Software Houses Association’ to increase awareness among professionals of the IT industry regarding their savings, investment options and incentives after retirements.

Ali Raza Bukhari, Head of Corporate Investments, Mohammad Zabe Khan, Head of Retail Investments and Syed Hassan Askary, Head of Investor Relations represented IGI Funds at the forum, where they had an opportunity to inform IT professionals about the benefits of investing in the IGI Income Fund. BMA Financial especially invited IGI Funds to the forum to highlight the performance of the IGI Income Fund, which is currently offering the most competitive returns in the fixed income fund arena. UBL Fund Managers and Atlas Asset Management were also present on the occasion to provide information on other investment options such as equity products and voluntary pension schemes.

The presentations made by the fund management companies emphasized implementation of investment tools, like provident funds, gratuity, and pension funds to rationalize benefits for employees in the industry. They stressed the need to introduce investment tools aimed to make the industry more lucrative for IT professionals. BMA Financial intends to conduct similar forums in the future to providing advice on investments, savings, and retirement products available in Pakistan.

 

IGI Investment Bank- Promoting the Arts in Pakistan

In association with the British Council & Shakespeare Association of Pakistan, IGI Investment Bank sponsored an ‘Evening with Zia Mohyeddin’ for literary enthusiasts on March 18, 2008. Mr. Zia Mohyeddin, a renowned TV personality was the chief guest at the occasion where he gave a presentation on Shakespeare and how the author has significantly transformed the English language. “The author introduced a new word in every third sentence he wrote & also introduced many of the clichés we are used to hearing nowadays such as ‘in the heart of hearts’ & ‘ wild goose chase,” said Zia who has been fond of Shakespeare from a very young age.



Zia intrigued the audience throughout the evening by questioning whether Shakespeare was even an Englishman or more of a universal author and then engaged them further with his theatrical renditions from scenes of Hamlet, Lear and Julius Ceasar. “I take Shakespeare personally, and I have shared an attachment with him since I was a young lad,” he said.  The evening was also filled with sonnets recited by Ms. Ailia Rizvi with beautfiul urdu translation provided by Dr. Ifthikar Alvi and songs by Ms. Khulood Mazhar.

IGI Investment Bank had the opportunity to interact with over a 100 guests; the event was well attended by CEO’s, educationists, and students all who shared a passion for Shakespeare.

The Shakespeare Association of Pakistan hosts several events throughout the year to promote a literary movement in Pakistan & is a registered, non-profit literary society affiliated with the International Shakespeare Association in the United Kingdom. In the past, the association has provided support to schools, has arranged conferences and has provided translation of Shakespeare in urdu and other Pakistani languages for various events.

 

IGI Insurance sponsors ‘Vintage & Classic Car Show 2008’

Karachi: IGI Insurance Ltd. sponsored the annual Vintage & Classic Car Show at ‘The Forum’ on Sunday 16th March 2008.

In collaboration with ‘The Forum’ and Vintage & Classic Car Club of Pakistan(VCCCP), IGI Insurance sponsored a mega event for all car enthusiasts in Pakistan who enjoy restoring, collecting, driving and owning vintage and classic automobiles. The event featured over 70 exotic and classic cars such as the historical Rolls Royce Silver Cloud (1955), Lincoln Continental Cabriolet V12 (1947), Aston Martin DB6 (1968), Ford Mustang Convertible (1965) and the Jaguar ‘E-Type’ (1961) all owned and restored by VCCCP members. The Rolls Royce Silver Ghost from 1924 was the highlight of the day.

Storms of people rushed in from morning to late night to pay homage to the classic automobile collection, with over 15,000 people in attendance during the peak evening hours. The show was an ideal platform for car enthusiasts to gather and share their passion for vintage automobiles while enjoying food, music classics and time with friends and family. The collectors of these cars have devoted a lot of time, energy and resources to have these cars restored and IGI Insurance is proud to have contributed in making it all happen. IGI Insurance has been at the forefront in facilitating activities that bring out the talent and taste of our country forward.   



IGI Insurance Ltd, a part of the IGI Financial Services Group, is one of the leading insurance companies in Pakistan and has been providing comprehensive risk management services since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-2-34-34.

 
IGI Funds participation in 4th TCF Golf Tournament

Golf tournaments can be rewarding for both participants and spectators, and even more so when supporting a worthy cause like development of educational institutions for needy children in our country. IGI Funds Limited participated in such an event hosted by ‘The Citizens’ Foundation’ on January 26 and 27. The two day event was held at the Karachi Golf Club at Karsaz and had a successful turnout of CEOs, top business professionals and worldwide TCF supporters. The golf tournament was wholly organized by TCF to raise funds for underprivileged children at nationwide TCF schools and all proceeds raised at the event were donated to promote educational programs in rural areas of Pakistan. In addition to participating, IGI Funds was also one of the major sponsors of the event and gave out ‘closest to the pin’ and ‘longest drive’ awards.

“This is a wonderful opportunity for our company to take part in such an event which will help to further fulfill TCF’s mission of improving educational institutions throughout Pakistan.” said Ali Azam Shirazee, CEO IGI Funds. IGI Funds Limited falls under the umbrella of IGI Financial Services and is licensed to provide asset management & investment advisory services. The company launched its first income fund, IGIIF in April 2007 and has offered consistent returns to its unit holders since its inception. The company also aims to launch similar products in the near future to cater to its retail and institutional clients.

IGI Funds Limited-IGIFL is a group company of the IGI Financial Services and Packages Limited. The company is registered as a Non-Banking Finance Company (NBFC) licensed by the Securities and Exchange Commission of Pakistan (SECP) to provide Asset Management and Investment Advisory Services in conformity with the NBFC Rules, 2003.

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IGI Investment Bank at the 2nd South Asian Capital Markets Conference

IGI Investment Bank is participating in the 2nd South Asian Capital Markets Conference 2008 organized by the South Asian Federation of Exchanges held in Dhaka – Bangladesh. Business delegates from all over Pakistan, India, Bangladesh, Sri lanka and Mauritius, will be present at the conference including executives representing the South Asian Stock exchanges, securities regulators, clearing companies, securities depositories, prominent commodity exchanges, stock brokers, fund managers and other securities market professionals.

The conference has been organized with the objective of establishing common standards and practices in business accounting in the securities market’s; encouraging co-operation among the member countries so as to promote development in their respective securities markets; and to encourage cross-border listing and trade by adequate and fair representation of members in international forums.

Mr. Aftab Chaudhry, Secretary General & Managing Director SAFE / CEO Islamabad Stock Exchange Ltd will be giving the opening address for the conference which will last for 2 days till Friday February 01, 2008. The conference will host presentations and panel discussions on pertinent topics such as Regional regulatory Models for South Asian Markets; Integration of Regional Markets and Cross-border trade; Modern Trading Products and Technological solutions; Brokerage Industry; Facilitating Agents for Cross-Border Trade; Investing in the South Asia Region and The Role of Central Bankers in the Integration of Regional Markets.

Mr. Samir Ahmed, CEO of IGI Investment Bank and Mr. Syed Javed Hassan, Executive Director of IGI Investment Bank will be present at the conference. Mr. Samir Ahmed will speak on “Exploring avenues of cooperation amongst the Regional Brokerages” while Mr. Javed Hassan will participate in a panel discussion regarding “Scope for Private Equity in the South Asia Region”.

The initiative for providing a platform to a wide range of capital market players under the title of “South Asian Capital Markets Conference” was taken from the SAFE conference held in 2006 in Columbo, Sri Lanka. IGI Investment Bank being a Gold Sponsor of the 2nd South Asian Markets Conference 2008 believes in promoting alliances for ‘regional co-operation’.

IGI Investment Bank Ltd, a packages group company is one of the leading investment banks in Pakistan. Established in 1990, it carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges.

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IGI Investment Bank as the lead Advisor and Arranger of PEL Commercial Paper issue
Tuesday, January 29, 2008: IGI Investment Bank Limited (IGIBL) hosted a ceremony in capacity of Mandated Lead Advisor & Arranger to conclude the Commercial Paper issue of PKR 500 million (the Transaction) by Pak Elektron Limited (PEL). Pak Iran Joint Investment Company Limited and Mandviwalla & Zafar respectively acted as Joint Arranger and Legal Counsel to the Transaction.

The occasion was attended by the officials of PEL and Investment Participants (IPs) and the investor notes were presented to the IPs.

Syed Mohammed Ali Raza, Head of Corporate Finance for IGIBL, added on the occasion that the successful close of the issue was a key achievement for both PEL and IGIBL as the issue was the most competitive debt raised by PEL so far. IGIBL shall also be conducting more commercial paper issues for several other blue chip clients in the near term.

IGI Investment Bank is licensed by the Securities and Exchange Commission of Pakistan to carry out Commercial Financing and Lending and Leasing Services under the NBFC Rules. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long-term credit rating of ‘A’ and a short-term credit rating of ‘A1’.

Established in 1990, IGI Investment Bank is part of the Packages Group of Companies serving individual consumers, small businesses and large corporations and institutions with a broad range of investment banking products and services such as Mutual Funds Distribution; Corporate Finance; Commercial Financing and Leasing; Cash and Treasury Management. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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IGI Funds Limited offers personal accident cover FREE

IGI Funds Ltd. in collaboration with IGI Insurance Ltd is now offering complimentary personal accident insurance to all retail investors. This offer is being extended to all existing and new investors of IGI Income Fund with a maximum coverage of Rs.100,000 for personal accidents such as accidental death or permanent disablement. Investors who make an initial minimum investment of Rs.5000 or more in IGIIF will be able to avail the benefit of the complimentary coverage.

With the IGI Income Fund, not only will investors benefit from this value-added service, but they will also receive the benefit from investing in the best fund in terms of standard deviation which averaged at 0.26% from July 07 to December 07. A low standard deviation shows low volatility and therefore represents consistency in the NAV of the mutual fund. Moreover, the fund performed quite well during the month of December 2007 yielding a return of 9.45%, the fourth best in the income fund industry. This was the result of the fund manager’s prudent investment policies not investing in any asset having a rating lower than A-.

IGI Funds Ltd. part of IGI Financial Services, is committed to provide quality services to investors utilizing modern techniques of portfolio management, asset allocation and security selection. For more information please log on to www.igifunds.com.pk or dial toll free at 0800-2-34-34.

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IGI Investment Bank at the 3rd Annual Auto, Auto Parts and Accessories Exhibition

Local and International Auto manufacturers gathered from across the globe at the 3rd annual Auto, Auto Parts & Accessories Exhibition from December 12th to December 15th. IGI Investment Bank Ltd. was the only financial institution present at the event amongst exclusive automotive manufacturers, giving it an ideal platform to inform worldwide prospects about the bank’s leasing and lending facilities. The event was also attended by automotive entrepreneurs on both national and international levels.

IGI Investment Bank offers specialized lending and leasing solutions to meet the financial needs of its clients, by providing big savings on capital outlays, preservation of available resources, maintenance of existing credit lines and tax advantages. Corporate Marketing Head, Faraz Ahmed along with his marketing team were present at the exhibition to promote the leasing and lending facilities offered by the Bank.

IGI Investment Bank Ltd is one of the leading investment banks in Pakistan. It was established in 1990 and carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges.

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A Step Up in Savings

IGI Investment Bank introduces the Step Up Savings Plan, a Certificate of Deposit scheme which provides Investors with the opportunity to deposit their cash for a time period of as little as one month at an annual rate of 8.25%. This is a unique offer provided only by IGI Investment Bank ensuring investors get an annualized rate of 8.25% on their investment along with the flexibility to invest their cash for the duration of their choice.

The Step Up Savings plan offers investors to deposit their cash for duration of 1, 2, 3, 4 or 6 months and 1, 1.5, 2 or 3 years depending on their liquidity requirements. Profits in every category vary according to the profit payment frequency required by the investor; monthly, quarterly, semi-annually or annually. The maximum profit that can be availed is 11% for investors depositing their cash for a period of only 3 years and receiving their profit annually.

The Step Up Savings Plan has been developed as a result of increasing demand for a flexible Deposit Scheme making it ideal for all types of investors, ranging from corporations, high net-worths and real estate dealers to sole proprietors, salaried individuals and housewives.

IGI Investment Bank is licensed by the Securities and Exchange Commission of Pakistan to carry out Commercial Financing and Lending and Leasing Services under the NBFC Rules. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long-term credit rating of ‘A’ and a short-term credit rating of ‘A1’.

Established in 1990, IGI Investment Bank is part of the Packages Group of Companies. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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Trading Confirmation SMS Service through IGI Securities

IGI Securities is introducing an SMS service that will instantly confirm any trading transactions made by investors—anytime, anywhere. Whether they buy or sell, investors will be able to validate their trade, almost immediately after they make their transaction. Investors can avail this new SMS service by enrolling their cell phone numbers on the IGI Securities website: www.igisecurities.com.pk, calling the toll free call center at 0800-2-34-34 or simply giving instructions while opening a trading account with IGI Securities.

This new service will provide investors with the peace of mind that their trading transactions have been executed, whether they are trading through a broker or an online internet trading system like I-Trade. IGI Securities has always been determined to offer highly innovative services to its clients and this new SMS feature is just another effort in this direction.

IGI Securities Limited is determined to become the leading brokerage firm in Pakistan by providing innovative services. IGI Securities is a wholly owned subsidiary of IGI Investment Bank and a part of the IGI Financial Services Group which offer services including Investment Banking, Insurance, Brokerage and Asset Management.

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IGI Fund Select Mall Event

In continuation with its objective to increase awareness about mutual funds, IGI Fund Select is conducting activities throughout various malls in Karachi. Starting on the weekend of November 16th, the Fund Select team will have kiosks at ‘The Forum’ for two weekends and then ‘Park Towers’ for two weekends thereafter to interact with mall shoppers and to promote their mutual funds advisory service. “The objective of the activity is to have direct contact with customers who are interested in investing and saving for their future. We will help them plan, decide, and execute their investment decisions to meet their financial objectives at no additional cost.” said Ambereen Israr,
Head of Fund Select. Along with receiving investment advice, customers will be able to enter a lucky draw contest and win prizes during the event.

Fund Select is IGI Investment Bank’s mutual fund advisory service which started operations in June 2006 and has come a long way in providing education and awareness of mutual funds to investors. It has managed to attract over Rs. 15 billion in investments from both retail and institutional clients since its launch. The company offers a range of tailor-made investment strategies based upon clients’ objectives and financial needs to give them the attractive returns, risk minimization, diversification, tax benefits, convenience and liquidity through personalized solutions.

Fund Select is a division of IGI Investment Bank, a Packages Group company. For more information, please log on to www.igi.com.pk or call toll free on 0800-2-3434.

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The IGI Travel Sure Summer Festival

Friday, 9th November 2007
A ceremony was held to conclude the IGI Travel Sure Summer Festival at Holiday Inn, Lahore. The Travel Sure Summer Festival lasted 2 months from June 1, 2007 to July 31, 2007. The event was organized by IGI Insurance Limited in collaboration with Global E-Commerce (Pvt) Ltd. (GE-COMM), the assigned distributors for Travel Sure, in order to commend travel agents for outstanding sales performance of Travel Sure Insurance Policies.

The IGI Travel Sure Summer Festival included two lucky draws for the grand prizes; Philips Home theater for the single-trip policy for travel agents with outstanding sales performance and the Philips Flat Screen 21” Television for the multi-trip policy for agents selling a high number of policies during the 2 months. Other gift incentives included Leather Travel Bags, Cordless Phones, MP3 Players, Mobile Phones, DVD Players and Car Stereo.

The winners of the lucky draw were Travel Technique-Sialkot for the multi-trip policy and Marco Polo Travels-Lahore for the single-trip policy. The winners were announced by Mr. Mustafa Chinoy, Chairman GE-COMM.

On this occasion Mr. Chinoy expressed his appreciation for the activity held by IGI Insurance Limited hoping to see the event return and other similar activities to motivate travel agents.

Mr. Shahbaz Haider Agha, Head – Business Development of IGI Insurance Limited congratulated the travel agents on their performance by adding that he would like to see the Travel Agents continue to perform with the same zeal that they have shown in the last 2 years. IGI Insurance Ltd. a part of the Packages Group provides risk management services and a complete line of general insurance products since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-2-34-34.

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Greenwich wins the IGI Investment Challenge Game

An award ceremony was held at the IGI Securities Ltd. office at the Forum for the winners of the IGI Investment Challenge Game.

Greenwich University was the winner of the contest with a cash balance of Rs. 6,365,670/-. This amount translates into an impressive 27.3% return in a short time of 8 weeks. National University of Modern Language (NUML) was the runners up with a closing portfolio of Rs.6,155,400/- and the Karachi Institute of Economics and Technology (PAF-KIET) ranked 3rd with a cash balance of Rs. 5,920,415/-. Kudos to the students - Fazalih Hasan, Shiraz ul Hassan, Waqar Younus, Waqar Yousuf and their teachers who demonstrated that there is enormous potential among the youth of our country.

The winning team was presented with a cheque of Rs. 100,000/- while NUML and PAF-KIET received a cheque of Rs. 50,000 and Rs. 25,000/- respectively. Mr. Tanvir Abid, Head of Institutional Equity Sales at IGI Securities Ltd handed out the awards to the winning teams.

The IGI Investment Challenge Game offered students the opportunity to gain insight into the dynamics of the financial and capital markets in Pakistan and put their aptitude to the test. For the 1st time in Pakistan, About 140 students from 25 prestigious educational institutions competed on online integrated trading software called I trade which was used to provide a real time trading experience to students nationwide. Each team of 4 contestants was given a virtual portfolio of Rs. 5000, 000/- to start the contest. The game involved the use of supporting features like equity trading limit / stop orders, margin-like functionality and short selling providing students letting students virtually test any trading strategy without risk.

The CEO of IGI Securities Rizwan Butt expressed his appreciation to the participating institutions who took part in the competition with immense interest and made it possible for the IGI Investment Challenge Game to be a success. “We are receiving calls from institutions all over the country for the next IGI Investment Game Challenge” he said.

IGI Securities, a full service brokerage house of IGI Financial Services, dedicated to provide quality services is proud to have organized the IGI Investment Challenge Game. It is hoped that this contest achieved its goal of providing students with the knowledge and experience to make better investment decisions in the future. For more information please log on to www.igisecurities.com.pk or call our toll free no. 0800-23434.


 

Economic Growth, The Indian Route

IGI Securities Limited invited Mr. A Murugappan from India for a 3 day session to speak on pertinent topics relating to the developing Indian economy. Mr A Murugappan, Executive Vice President and the Head of the Equities team at ICICI Securities Limited, one of India’s leading Investment Banks is a Cambridge educated lawyer with over 13 years experience in stock broking, investment banking and private equity in UK and India.

Mr. Murugappan made his arrival here in Karachi on 9th August, 2007. For each of the 3 days he was here, Mr. Murugappan had a 90 minute session at the IGI Securities office located at the Forum in Karachi speaking extensively on the Growth Drivers of the Indian Economy and the Development of the Indian Capital Markets. As Pakistan is progressing on a similar route towards development, these topics were chosen to learn about the opportunities and hurdles faced by the Indian Economy on its path to development.

On his visit, Mr. Murugappan pointed out that there is a great similarity in the economic structure of Pakistan and India in terms of currency, education levels and culture and the two countries can benefit significantly by sharing securities based research. He remarked on how Indian economy and Indian Capital Markets have developed over time and how Pakistan’s economical structure is built along an identical framework.

The session was attended by Senior IGI Securities officials and selected invitees from associated companies like the Packages Group, ICI and Engro. Mr. Javed A Hasan, Executive Director of IGI Investment Bank Limited also spoke on the occasion. He said that Mr. Murugappan’s visit was a corner stone in laying the foundation towards a progressive business relationship between the 2 companies.

IGI Securities Limited, part of IGI Financial Services provides quality brokerage services for both managed and self-directed trade. IGI Securities is a wholly owned subsidiary of IGI Investment Bank, part of the Packages Group. To find out more, you can call toll free at 0800-2-34-34.

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IGI Insurance launches Travel Sure Umrah Plan

IGI Insurance Limited introduced the IGI Insurance Travel Sure Umrah Plan exclusively for the sacred journey of Umrah. With the approach of Ramazan, IGI Insurance Limited decided to bring forward a comprehensive solution to provide pilgrims with a hassle-free experience and protect them from the troubles of travel.

The IGI Travel Sure Umrah Plan ensures safety and convenience by offering additional services including lost luggage, legal referral, telephone medical advice, arrangement of hospital admission, medical translation service and delivery of essential medicine. Furthermore, families can avail cover of up to $2000 for children between age 1 month and 18 years.

The IGI Insurance Travel Sure Umrah Plan is available at all IGI Insurance branch offices located in Karachi, Lahore, Islamabad, Sialkot, Multan, Faisalabad and Gujranwala or from Travel Agencies including Oasis Travels, Intiana Travel & Tours, American Express Travel, Travel Networks, Bokhari Travels, Aroma Travels, Fazl-e-Rabbi Travels, Sonia Travels and others.

IGI Insurance Limited (formerly International General Insurance Company of Pakistan Limited) is one of the leading insurance companies of Pakistan . Established in 1953, IGI Insurance underwrites all types of property and casualty insurance: Fire, Marine, Motor, Travel, Health and Miscellaneous. For more information please dial toll free at 0800-2-34-34.

 

Book launch of Ghulam Rasul

IGI Financial Services hosted a book launch ceremony of Muniza Agha-Fawad’s book, “Ghulam Rasul–Another Migration” on the famous Pakistani artist held at the FOMMA-DHA Art Center.


Ms Nighat Mir director of the foundation of Museum for modern art (FOMMA) inaugurated the event with an overview of the vision linked with the incorporation of FOMMA and the aspirations of the group which led to its forming; to give art an important place in our corporate and cultural scenario.

The event proceeded with Mr. Touqir Mohajir revealing his motivations for selecting Mr. Ghulam Rasool as the Artist of the book to be published. He explained that this was an initiation to further such coverage for more senior artists. He commended the support and cooperation that he received from Mr. Ghulam Rasool in completing the project. Muniza Agha Fawad, who in actuality brought the concept to reality, spoke about her experience and how she ventured about the task.

Mr. Ghulam Rasul the subject of the book took center stage and aired his views about the initiative that Money Group Publications has taken in bringing art and artists to the forefront. He announced that this was a first of its kind effort and must continue to promote the abundant but unexplored talent in Pakistan.

The program, covered by leading media including Hum TV, CNBC Pakistan, PTV and others was attended by senior IGI Financial Services executives and art-lovers from various factions. The event came to a close with refreshments being served.

Ghulam Rasul, an eminent Pakistani artist is also a recipient of The President Award for Pride of Performance. His paintings, inspired by nature and Pakistan’s cultural heritage are also part of many international collections.

IGI Financial Services has been active in promoting ventures that inspirit the rich cultural heritage of Pakistan and draw attention to the inimitable native talent present in the country. In the past, the company sponsored events like a six-day charity Art Exhibition “Art for Charity”, the proceeds of which were donated to the rehabilitation of earthquake victims. Previously, on January 19, 2007, IGI Financial Services patronized an event to honor the renowned Pakistani artist Bashir Mirza.

IGI Financial Services owned by the Packages Group is a dynamic partnership of 4 organizations providing a one window solution to all kinds of financial needs for individuals as well as corporations. To learn more, please dial toll free at 0800-23434.

 

IGI Insurance Holds Seminar on “Defensive Driving ”.

IGI Insurance (formerly International General Insurance Company of Pakistan Limited), one of the leading insurance companies of Pakistan, hosted a seminar on Defensive Driving at the Packages Ltd. Office in Lahore. The seminar was held to draw attention to the benefits of defensive driving; the right kind of attitude and behaviour needed for safer driving and hazard recognition skills. The discussion was focused on the importance of driving responsibly along with tips that could help save a life in emergency situations. An assessment exercise designed to evaluate the knowledge of general traffic rules and hazard recognition skills of those present was included.

This seminar was part of IGI Insurance’s drive to create a healthier, much safer driving environment in Pakistan. IGI Insurance also offers free Personal Accident Cover and Emergency Roadside Assistance with their Auto Insurance plan. Auto Cover is a comprehensive cover including theft, snatching, armed hold-up, accidental damage, third-party liability and terrorism with 24/7 Customer Support Services and discount on installation of standard car tracking device.

GI Insurance Ltd. a part of the Packages Group provides risk management services and a complete line of general insurance products since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-23434

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IGI Securities Holds Seminar On The Future Prospects Of Commodity & Stock Markets

Faisalabad, July 06, 2007: IGI Securities conducted a seminar on the future prospects of Stock and Commodity Markets at the Chenab Club. The speakers at the Seminar were Mr Tanvir Abid, Head of Institutional Sales of IGI Securities Limited and Mr. Mansoor Ali, Chief Operating Officer of the National Commodity Exchange Limited.

At the Seminar Mr. Tanvir Abid spoke about the increasing potential of the stock market for investment with improvements in research and reporting and the involvement of regulatory bodies. He commended the performance of the KSE as one of the highest yielding stock markets of Asia. He further added that the year 2007 has shown remarkable results for equity Investors and the future potential of capital inflow looks bright. Mr. Mansoor Ali gave an elaborate overview of the Commodity Exchange Market in Pakistan and highlighted the Future prospects of the Commodity Exchange as an important catalyst in the development of capital markets. The seminar ended with dinner being served.

The session provided an insight into the future prospects of Investments in Pakistan. This Seminar was part of IGI Securities initiative to educate business men and potential investors about the financial atmosphere in Pakistan and equip people with the knowledge to be able to make effective investment decisions and the importance of the capital and equity markets as part of their investment portfolio.

IGI Securities Limited is a wholly owned Subsidiary of IGI Investment Bank Limited (previously First International Investment Bank –INTERBANK). Part of IGI Financial Services; a dynamic partnership of 4 companies, IGI Securities has been providing quality brokerage services since 1994. For more information log on to www.igisecurities.com or call toll free at 0800-23434.

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IGI Investment Bank – Mobilizing Investment in the Mutual Fund Industry

IGI Investment Bank’s mutual funds advisory service “Fund Select” has contributed greatly to the mobilization of funds in the mutual fund Industry. At a time when awareness of mutual funds is largely uncommon, Fund Select has managed to attract investments of over Rs.10 billion into various open-end funds in a period of one year since its launch in June 2006.

Licensed by SECP to undertake Investment Finance Services, Fund Select offers a range of tailor-made investment strategies for its clients based upon their objectives and financial needs.  Fund Select employs a highly professional and dedicated team with extensive international and domestic experience in debt and equity markets. The distribution network comprises of over 15 asset management companies, with over 40 funds making Fund Select a truly one-stop-shop-solution for all investment needs.

The Head of Fund Select at IGI Investment Bank, Ambereen Israr said: “Our goal is to provide institutions and individuals with a mutual funds advisory service and to help them plan, decide, and execute their investment decisions to meet their financial objectives at no extra cost.”

Fund Select has come a long way in creating awareness and informing people of the many benefits mutual funds have to offer - attractive returns, risk minimization, diversification, tax benefits, convenience and liquidity through personalized solutions with high service standards in the mutual funds industry.

Fund Select is a division of IGI Investment Bank, a Packages group company. For more information, please log on to www.igi.com.pk or call toll free on 0800-2-3434.

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IGI Financial Services at the Dawn life style

IGI Financial Services participated in the Dawn Lifestyle Exhibition 2007 held on the 22nd, 23rd and 24th June 2007 at the Karachi Expo Center. The participating organizations were IGI Investment Bank Ltd, IGI Insurance Ltd, and IGI Securities with their respective brands (Fund Select, Travel, Fire, Marine, Auto Insurance and I-Trade).

This was the seventh successful year for the “All about Lifestyles” Exhibition in which companies belonging to different arenas gathered to display & promote their services. The ambience was that of a gala full of people, music, games; the turn out like every year was substantial and the dedication of our team at the IGI Financial Services stall made the event a success for us.


IGI Financial Services is a dynamic family of diversified companies belonging to the Packages Group that provides investment banking, insurance, asset management and full service brokerage in stocks and securities to a variety of customers nationwide. You can call us toll free at 0800-23434 to speak to our representative.

 

IGI Launches I-trade

IGI Securities Limited goes another extra mile to provide its clients with a fully integrated online trading platform “I-Trade”- a true synthesis of tradition and technology with advanced trading systems in place. Clients will now be able to access and manage their accounts via a secured user friendly interface from their personal computers. I-trade enables customers to trade conveniently anytime, anywhere with access to a range of analytical tools, news updates and stock alert service as well as the option of broker assisted services.

Building on the initiative of culturing a financial atmosphere among the youth of Pakistan, IGI Securities has introduced I-trade with a limited time offer where customers can open an account with just Rs. 25,000 and at an extremely competitive commission fee of only 0.05% which is the lowest in the entire brokerage industry. Previously, IGI Securities was the first company in Pakistan to initiate the IGI Investment Challenge Game that allowed participating teams to invest in an online trading account with a virtual portfolio of Rs. 5,000,000. The purpose of this contest was to create interest, educate and assist the young people of Pakistan to make better investment decisions in the future.

I-trade will provide customers with additional value added services like

Nationwide Call Center Facility
Our Call Center agents are available to respond to any queries and provide you assistance for your online brokerage requirements; you can call our toll free number at 0800-2-34-34.

Broker Assisted Trade
You will have a designated account officer to coordinate with you and answer your account and trade related queries.

Trading Platform Options
I-trade offers both Desktop and Web-based trading platforms and equips you to build your own trading environment so you can monitor your stocks in real time, place orders and manage your account from your personal computer

Stock Alerts
I-trade will also offer customers with the option of subscribing to the I-trade stock alerts. Through this service, you can receive daily emails and SMS alerts for closing prices, confirmations, recent announcements and analyst recommendations. You can also log on to www.I-trade.com.pk for more information.

IGI Securities Limited is determined to become the leading brokerage firm in Pakistan by providing excellence in innovative services. Our corporate culture has its foundation in a customer oriented approach, innovation and flexibility while maintaining the highest standards of professionalism and ethical values.

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IGI Financial Services – A dynamic financial services group has been launched

IGI Financial Services is the integrated financial arm of the Packages Limited. The IGI Financial Services is headquartered in Karachi, Pakistan, with more than 400 employees and offices in Lahore, Islamabad, Faisalabad, Multan and Sialkot.

IGI Financial Services offers a wide range of financial products and services to individual and corporate customers through four key organizations; IGI Investment Bank Limited, IGI Insurance Limited, IGI Securities Limited and IGI Funds Limited. A brief description of our independent organizations is as follows:

IGI Investment Bank:
Incorporated in 1990, IGI Investment Bank Limited offers a broad range of investment banking products and services including, Corporate Finance, Commercial Financing & Leasing, Consumer Finance, Cash & Treasury Management, Portfolio Management and Mutual Funds Advisory Service.

IGI Insurance:
Established since 1953, (IGI) Insurance provides risk management services and a complete line of general insurance products to a number of local and multinational business concerns through a network of branches in Pakistan. The products and services offered by IGI Insurance include, Travel Insurance, Health Insurance, Auto Insurance, Fire insurance, Marine Cargo Insurance and Miscellaneous Insurance.

IGI Securities:
IGI Securities Limited provides a broad array of financial broking services to individuals and corporations. The Company has seats on the Karachi and Lahore Stock Exchanges, and National Commodity Exchange Limited, and facilitates trading in, Shares, Foreign Exchange and Money Market. I-Trade is IGI Securities online brokerage service; it provides resources for all sorts of self-directed investors.

IGI Funds:
IGI Funds Limited is the asset management arm of the IGI Group. It was established in July of 2006 with the intention of promoting investment management through products, policies and practices designed to meet market demands. The Company plans to introduce its first fund, IGI Income Fund, an open-end mutual fund, in the next few weeks.

The Group has united its businesses under the “IGI” brand The Group under a unified brand combines the expertise and strengths of investment banking, insurance, asset management and securities.

Through the IGI Group, our stakeholders will now have access to leading-edge financial solutions and a complete line of financial products and services, which will allow them to acquire a customized financial plan under one roof.

For more information visit: www.igi.com.pk or call at 0800 2 34 34.

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First Ever Return Guarantee product developed by IGI Investment Bank for
Open End Mutual Funds

IGI Investment Bank Limited (formerly known as First International Investment Bank Limited - INTERBANK) has been at the forefront in developing innovative products and services for the mutual funds industry. Fund Select is a unique Mutual Funds Advisory service developed by IGI Investment Bank in partnership with the Asset Management companies; this advisory has received tremendous response from customers.

IGI Investment Bank now offers a first of its kind Return Guarantee product in the form of Put Option. Put Options on mutual funds is a new concept in Pakistan. A Put Option gives the holder the right but not the obligation to sell mutual funds at a fixed price on or before a given date. Through this Put Option customers can fix an interest rate today on an open-end mutual fund for the cash investments they will receive in future.

IGI Investment Bank shall be offering this option for NAFA Cash Fund and KASB Liquid Fund, NAFA and KASB are the main players in the mutual funds industry in Pakistan. The potential clients for this product are government institutions, financial institutions, insurance companies, private sector companies and individuals.

IGI Investment Bank is one of the country's leading investment banks. It is a joint venture of the International Finance Corporation (IFC) and Packages Group (PG), which also includes IGI Insurance, a major shareholder in IGI Investment Bank Insurance.

IGI Investment Bank is serving individual consumers, small businesses and large corporations and institutions with a broad range of investment banking products and services, including Portfolio Management; Mutual Funds Distribution; Corporate Finance; Commercial Financing and Leasing; Cash and Treasury Management.

 

IGI Investment Bank appointed as Financial Advisor to Hascombe Group

IGI Investment Bank (formerly known as First International Investment Bank - INTERBANK) - the country’s leading wealth management, capital markets and advisory organization - has been appointed as financial advisor for the Hascombe Group for the next three years.

The scope of the assignment will be to assist Hascombe develop appropriate financial structures and plans; keeping track of strategies and development taking place in Hascombe, IGI Investment Bank will also provide financial solutions to the company; prepare information memoranda and feasibilities for projects.

In addition, IGI Investment Bank will assess and pursue financial opportunities and strategies for three companies of the Hascombe Group, namely, Hascombe Storage (Private) Limited, Hascombe Business Solutions (formerly Gestetner Private Limited) and Sigma Motors