One of the first Development finance institutions established with the World Bank Group assistance in 1957. Since than, 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. PICIC Commercial Bank is based in Pakistan. Pakistan Industrial Credit and Investment Corporation(PICIC) acquired Gulf Commercial Bank Limited in early 2001. The Bank has been renamed as PICIC Commercial Bank Limited. PICIC Commercial Bank has one hundred and twenty branches in over forty four cities including the main cities and town of Pakistan.
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