Pakistan Industrial Credit and Investment Corporation
- Pakistan Industrial Credit and Investment Corporation
Pakistan Industrial Credit and Investment Corporation (PICIC) is one of the first Development finance institutions established with the World Bank Group assistance in 1957 in Pakistan. Since then, it has been actively playing its due role towards economic development of the country.
PICIC is primarily engaged in catering to the financial needs of large and medium size industrial projects in the private sector, This assistance is provided within the framework of the industries which are covered under the Industrial Investment Schedules issued by the Government of Pakistan from time to time.
To further broaden its scope of financial services, and with a view to provide all financial services to its customers under one roof , PICIC acquired Gulf Commercial Bank (Ltd), in early 2001. The bank was renamed as PICIC Commercial Bank (Ltd).
In 2007, PICIC Commercial Bank was bought by Singapore's NIB Bank.
PICIC subsidiaries
*PICIC Commercial Bank
*PICIC Assets Management Company
*PICIC Insurance
External links
* [http://www.picic.com/ Pakistan Industrial Credit and Investment Corporation]
* [http://www.picicbank.com/ PICIC Commercial Bank Official Site]
Wikimedia Foundation.
2010.
Look at other dictionaries:
Pakistan — /pak euh stan , pah keuh stahn /, n. 1. Islamic Republic of, a republic in S Asia, between India and Afghanistan: formerly part of British India; known as West Pakistan from 1947 71 to distinguish it from East Pakistan (now Bangladesh).… … Universalium
List of banks in Pakistan — The following is the list of banks in Pakistan. Central bank * State Bank of Pakistan Nationalized scheduled banks * First Women Bank Limited * National Bank of Pakistan Specialized banks * Industrial Development Bank * Punjab Provincial… … Wikipedia
Pakistan — <p></p> <p></p> Introduction ::Pakistan <p></p> Background: <p></p> The Indus Valley civilization, one of the oldest in the world and dating back at least 5,000 years, spread over much of what is… … The World Factbook
PICIC Commercial Bank — Infobox Company company name = PICIC Commercial Bank company company type = Private company slogan = The Bank With All Financial Solutions foundation = Karachi, 1993 (as Schön Bank Limited) location = Karachi, Pakistan flagicon|PAK key people =… … Wikipedia
NIB Bank — The NIB Bank Limited (formerly NDLC IFIC Bank Limited) was incorporated in March 2003 as a publicly listed company. In October 2003, all assets and liabilities and all rights and obligations of the former National Development Leasing Corporation… … Wikipedia
National Development Finance Corporation — (NDFC) is based Karachi, Sindh, Pakistan was founded by Zulfikar Ali Bhutto. National Development Finance Corporation is the largest development finance institution of Pakistan performing diversified activities in the field of industrial… … Wikipedia
Chaudhry Ijaz Ahmed — چودھری اعجاز احمد Justice Supreme Court Incumbent Assumed office September 13, 2005 Chief Justice Lahore High Court I … Wikipedia
N M Uqaili — N. M. Uqaili was the Finance Minister of Pakistan and chairman of Pakistan Industrial Credit and Investment Corporation (PICIC). He headed the privatisation commission during the Muhammad Zia ul Haq government to study the state of the State… … Wikipedia
List of banks — *This is a list of banks throughout the world.Africaflag|AngolaCentral Bank*Bank of Algeria (Banque Central d Algerie)Banks*Al Baraka Bank of Algeria *Algerian International Bank *Al Rayan Algerian Bank *Arab Banking Corporation *Banque Agricole… … Wikipedia
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
