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Citizen Investment Trust collects Rs 172bln as of mid-June


Nepalnews
2021 Jul 02, 21:46, Kathmandu
File - This image shows the office of the Citizen Investment Trust in New Baneshwor, Kathmandu in September 2016. Photo courtesy: Prakash Bhandari

The Citizen Investment Trust (CIT) has collected Rs 172 billion as of mid-June this year. During this course, CIT has invested a total of over Rs 171 billion.

The capital collection of this public financial organisation and the volume of its transaction, have increased. These details were shared in the 26th anniversary and the Annual General Meeting (AGM) of the CIT on Friday.

The AGM has approved a nine per cent bonus share and 8.89 per cent cash dividend from its income from the fiscal year 2076/77 BS. Furthermore, it passed the report of the fiscal year 2076/77 BS as well as the report of the auditors containing details about income, loss and currency flow among others.

CIT executive director Raman Nepal has shared that CIT will move ahead in an expanded form. ‘Citizen Pension Programme’ has been launched to expand CIT’s transaction and engage Nepali citizens in foreign employment and self-employment, informed Nepal. 

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Citizen Investment Trust CIT public financial organisation nnual General Meeting of CIT CIT executive director Raman Nepal Citizen Pension Programme
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