Ownership structure is a key strength of PCICL. Our sponsors are:
Ministry of finance. government of Pakistan
The Ministry of Finance, as a key pillar of the Government of Pakistan, has been tasked with ensuring a strong Pakistani economy by formulating sound economic governance policies and providing expert advice to the Government. Additional / additional budget for consideration of Parliamentary accounts and audits of the Ministry of Finance on articles related to federal government and financial matters affecting the country as a whole, preparation of annual budget statements and audit of federal government organization etc. Prepares statements. As assigned under the Rules of Business, 1973.
China Development Bank People's Republic of China
The China Development Bank (CDB) is the world's largest development finance institution and the largest Chinese bank for financing corporations, long-term lending and bond issuance. It was founded in 1994 as a policy financial institution under the direct leadership of the State Council of China. It was incorporated as China Development Bank Corporation in December 2008, and was officially designated as a development finance institution by the State Council in March 2015.
CDB has a registered capital of Rs 421.248 billion. Its shareholders include the Ministry of Finance of the People's Republic of China (36.54%), Central Huan Investment Limited (34.68%), Button Wood Investment Holding Company Limited (27.19%) and the National Council for Social Security Fund (1.59). )۔ By the end of 2018, CDB's assets stood at Rs 16.2 trillion with a portfolio of RMB 11.28 trillion. CDB's net profit stood at RMB 112.1 million, ROA of 0.70%, ROE of 8.82% and capital stability of 11.81%. Professional credit rating agencies, including Moody's and Standard & Poor's, have rated the CDB as China's sovereign interest rate.
An independent board of directors is responsible for approving and overseeing the company's objectives, strategies and overall business plans, as well as overseeing the organization's affairs in accordance with current laws and regulations and high business ethics. Are performed.
The six members of the Board of Directors represent both shareholders equally. The Government of Pakistan is represented by the Secretary Finance (as Chairman of the Board of Directors) and the Secretary Economic Affairs Division, along with two non-executive directors, including an executive director, who is the Deputy Managing Director of the company. ۔ The CDB is also represented by two non-executive directors, who served as senior CDB officials and an executive director as the company's managing director.
Vision and Mission Statements:
Providing innovative financial solutions through exceptional people, efficient processes, innovative solutions and strong customer relationships, becoming an important DFI as a hub for investment activities for Pakistani and Chinese entrepreneurs with in-depth market knowledge.
By allowing Pak-China Investment Company to enter the Pakistani market as a platform for investment decisions, through road shows and other promotional activities, Chinese investment in Pakistan, technology, and how to learn Pakistan Focus on bringing.