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PAΪR Investment Company Limited (PICL) is a Joint Venture Investment Company which has been formed as a result of an agreement between the Governments of Pakistan and Iran. PICL came into existence in 2007 as a company operating in Pakistan and registered under the Companies Ordinance, 1984. It is classified as a "Development Finance Institution" (DFI) under the regulatory control of the State Bank of Pakistan.

PICL has an authorized capital of Rs. 10 billion and currently has a paid-up capital of Rs. 6 billion.