KARACHI: MCB Asset Management Company (MCB AMC) has expressed its intention to merger with Arif Habib Invesment Limited. MCB AMC announced its plan to merge with Arif Habib Investment Limited (AHIL) on Tuesday at Karachi Stock Exchange (KSE) and said the proposed merger is part of its strategy to improve and strengthen its asset management business. “This will help the merged entity to offer more diversified range of funds to its customers”, it said. Meanwhile, the announcement from Arif Habib Investment Limited also endorsed the proposed merger that both entities have definitely entered into discussion for this merger.