Pakistan Industrial Credit and Investment Corporation
Encyclopedia
Pakistan Industrial Credit and Investment Corporation (PICIC) is a financial institution in Pakistan, one of the first Development finance institutions established with the World Bank
Group assistance in 1957. In 2007, PICIC Commercial Bank
was bought by Singapore
's NIB Bank.
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
Group assistance in 1957. In 2007, PICIC Commercial Bank
PICIC Commercial Bank
PICIC Commercial Bank Limited is based in Pakistan. Pakistan Industrial Credit and Investment Corporation acquired Gulf Commercial Bank Limited in early 2001...
was bought by Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
's NIB Bank.
PICIC subsidiaries
- PICIC Commercial BankPICIC Commercial BankPICIC Commercial Bank Limited is based in Pakistan. Pakistan Industrial Credit and Investment Corporation acquired Gulf Commercial Bank Limited in early 2001...
- PICIC Assets Management Company
- PICIC Insurance