What does PICIC mean in COMPANIES & FIRMS
PICIC stands for Pakistan Industrial Credit and Investment Corporation, which is a renowned financial services provider in the country. It has been providing banking, financing and investment services to clients across the country for more than three decades now. PICIC is committed to keeping its customers’ money safe and secure while offering them competitive rates of interest on their deposits as well as great returns on their investments.
PICIC meaning in Companies & Firms in Business
PICIC mostly used in an acronym Companies & Firms in Category Business that means Pakistan Industrial Credit and Investment Corporation
Shorthand: PICIC,
Full Form: Pakistan Industrial Credit and Investment Corporation
For more information of "Pakistan Industrial Credit and Investment Corporation", see the section below.
About PICIC
Headquartered in Karachi, Pakistan, PICIC was founded in 1984 as a joint venture between the Government of Pakistan and the International Finance Corporation (IFC). The venture was initiated with a mission to provide financial services that would help promote industrial growth and development in the country. Over the years, PICIC has grown into an established financial services provider that plays an important part in supporting various projects and initiatives aimed at fostering economic development in Pakistan.
Services offered by PICIC
PICIC offers a wide range of banking, financing and investment services such as consumer loans, mortgages, SME banking services, agricultural finance schemes, equity financing solutions for businesses as well as private institutional investors. It also provides a range of Islamic Banking products such as savings and term deposit accounts that offer interest-free returns. Additionally, PICIc manages several closed-end mutual funds that have historically generated high returns for investors over different time frames. Furthermore, it offers Islamic wealth management services to people who wish to invest according to Shariah principles while also meeting their long-term financial objectives.
Essential Questions and Answers on Pakistan Industrial Credit and Investment Corporation in "BUSINESS»FIRMS"
What does PICIC stand for?
PICIC stands for Pakistan Industrial Credit and Investment Corporation. It is a financial holding company based in Pakistan that provides investment banking, commercial banking, leasing, and venture capital services.
What services does PICIC provide?
PICIC provides investment banking, commercial banking, leasing, and venture capital services. These services help companies with financing opportunities to aid their growth and expansion.
How long has PICIC been in operation?
PICIC has been in operation since 1951. Throughout its history, the company has served as a key facilitator of economic development in Pakistan by providing tailored financial solutions to different sectors of the economy.
What kind of products does PICIC offer?
PICIC offers a range of products and services including corporate loans, lease financing, syndicated loans, term finance certificates (TFC), structured finance products (SFPs), commercial paper (CP), working capital finance and more.
Where is the head office of PICI located?
The head office of PICI is located at 16-Crescent Road Lahore Cantt., Punjab 54600, Pakistan.
Does PCP control all decisions taken by Pact?
No, while PCP has majority stakeholding which gives it some control over major financial matters such as dividend policy; operational decisions are taken independently by Pact management who possess expertise on industry dynamics.
Do you offer customer support?
Yes, we provide personalized customer service through multiple touch points such as call center representatives/e-mail response/ field visits / SMS etc. We have a team devoted to helping customers with their queries anytime during business hours from 8am to 2pm Sunday -Thursday.
How can I open an account with you?
If you are interested in opening an account with us then please fill out an application form available on our website or contact our Customer Support team who will be able to assist you further either online or via phone call at +92 42 111-111-231.
Final Words:
The comprehensive service offer from PICIc makes it one of the most renowned names when it comes to providing quality financial solutions in Pakistan. It holds excellent track record over three decades now with regards to providing banking and investment solutions that are tailored according to individual needs while also adhering to international standards of excellence. Thus with its array of innovative products coupled with ethical practices, P I C I C stands tall among other financial institutions in the nation.