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Askari Bank closes sale of asset management unit

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Askari Bank closes sale of asset management unit

Askari Bank Ltd. completed the sale of unit Askari Investment Management Ltd. to Pak Oman Asset Management Co. Ltd.

The Pakistan-based bank said June 5 it sold the asset management unit for 551 million Pakistani rupees.

As of June 5, US$1 was equivalent to 104.84 Pakistani rupees.