KARACHI, April 25: Mr Muhammad Nawaz Tishna took over the charge of chairman/managing director of National Investment Trust (NIT) on Friday, following a notification by the Finance Division of the government.A press release issued by the Trust stated that as per the notification, Mr Tariq Iqbal Khan, the man who held the post of chairman/MD had been granted three months leave on medical grounds with immediate effect.

Talking to Dawn, Tariq Iqbal Khan said that he had applied for medical leave during the tenure of the previous government, which was pending until now. He denied the suggestion that the notification could be translated as making him a casualty of the change of government and that he had been shown the door. He said that the incumbent chairman had been directed to hold the fort in addition to his duties, until his return three months later.