PUNJAB SMALL INDUSTRIES CORPORATION

The statutory body of PSIC was established in 1972 with the mission to promote, sustained industrial development through provision of market driven credit, infrastructure and technological support contributing to employment generation, poverty alleviation and socio-economic uplift of the province. Punjab Small Industries Corporation was established as a result of dissolution of West Pakistan Small Industries Corporation in 1972. The Punjab Small Industries Corporation Bill, 1973 was passed by t... he Provincial Assembly on 13.07.1973 and published as an Act of the Provincial Legislature of Punjab on 12.08.1973. Since then PSIC has been a sound contributor to the small industrial development in the province through its various schemes. Recent transition of industrial climate and liberalization of the total economic environment within the country and international area has witnessed tremendous change in domestic as well as international market. PSIC’s story of excellence is spread over more than four decades of transitive growth and development of small scale industry. PSIC has proved its strength in the country by exhibiting a progressive attitude towards modernization, up gradation of technology, quality consciousness, strengthening linkage with large and medium scale enterprises and boosting exports of the products from small enterprises. PSIC is an important instrument for enterprise building, micro economic development and employment generation and poverty alleviation.More