PICIC
| Acronym | Definition |
|---|---|
| PICIC | Pakistan Industrial Credit and Investment Corporation Limited |
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PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000.
Investment Fund (PIF) and PICIC Growth Fund (PGF) were converted into
Pakistan-based PICIC Insurance is to merge with Crescent Star Insurance.
It naturally uplifts the image of the company and with the approval of the Board of Directors we are renaming the name of PICIC as PICIC by Lloyds which we strongly believe will help building up the image of PICIC brand in the country.
NIB Bank holds 10.499 million shares approximately 30 percent in PICIC Insurance Company, which NIB Bank has agreed to sell to KM Enterprises at the rate of Rs7.5 per share.
19 January 2011 - Pakistan's JCR-VIS affirmed yesterday the insurer financial strength (IFS) rating of PICIC Insurance Ltd at A-.
'Accordingly, the petition filed earlier in the High Court of Sindh for merger of PICIC Insurance Limited with Crescent Star Insurance Limited has been withdrawn.
8 December 2010 -- Pakistan's JCR-VIS Credit Rating Company said it had set a AA+(f) preliminary fund stability rating to PICIC Cash Fund.
Following the acquisition of PICIC by NIB in December 2007, NIB also acquired 100 % ownership of PICIC Asset Management Company (PICIC AMC).
Karachi -- PICIC Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 29 2019 at Karachi.
BANKING AND CREDIT NEWS-30 July 2010-JCR-VIS finalises PICIC Income Fund A+(f) rating(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
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