Development Financial Institutions in Pakistan

List of major development financial institutions in Pakistan:

House Building Finance Company Limited (HBFCL) - It is Pakistan's leading housing finance institution. JCR-VIS Credit Rating Company Limited has assigned initial medium to long-term entity rating of 'A' (single A) and short –term rating of 'A-2' (A-Two) to HBFCL.

Investment Corporation of Pakistan - It was founded in February 1966 through an Ordinance with the objectives to broaden the base of investments and developing the capital market in Pakistan.

Pakistan Kuwait Investment Company (Private) Limited (PKIC) - It is Pakistan's leading Development Financial Institution (DFI) engaged in investment and development banking activities in Pakistan. PKIC was founded as a joint venture between the Governments of Pakistan and Kuwait in 1979.

PAΪR Investment Company Limited (PICL) - It was formed as a result of a joint venture between the Governments of Pakistan and Iran. PICL came into existence in 2007 as a company operating in Pakistan registered under the Companies Ordinance, 1984 and classified as a “Development Finance Institution” under the regulatory control of the State Bank of Pakistan.

Pak Brunei Investment Company - It is an Investment Finance Company established as a joint venture between Government of Pakistan and Brunei Investment Agency (BIA). The Company started operations in August 2007 after its notification as a Development Finance Institution.

Pak China Investment Company Limited (PCICL) - It is a Development Financial Institution formed under the initiatives taken by Government of Pakistan and Peoples Republic of China for promotion of Trade, Investment and Economic Growth of Pakistan.

Pak Libya Holding Company (Pvt.) Limited - It is a joint venture between Pakistan and Libya symbolizing the ever strengthening relationship between the two countries. It was founded as a joint stock Company on 14 October 1978.

Pak Oman Investment Company Limited - It is a specialised Financial Institution formed as a joint venture between the Governments of Pakistan and Sultanate of Oman in July 2001.

Saudi Pak Industrial and Agricultural Investment Company Limited - It was incorporated in 1981 under a joint venture agreement signed between the governments of Islamic Republic of Pakistan and Kingdom of Saudi Arabia. It provides a full range of financial products and services including Project Financing, Working Capital Loan, Term Finance Certificates and Leasing Facilities.

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