Civic Center Company.
(Subsidiary of N.I.C.L.)
Aquisition of CCC by NICL
- The Board of Directors of NICL has approved the purchase of 100% share capital of CCC @ Rs.8/- per share as informed by Executive Director & Secretary Board, NICL vide his letter dated 31.3.2004.
- The entire share capital of Rs.448.20 million of CCC were purchased by NICL by paying Rs.358.56 M in February 2005.
Assets Owned by NICL After Aquisition of CCC
After acquiring CCC by NICL in February, 2005, the CCC head office was shifted from Green Tower, Jinnah Avenue Islamabad to 13th Floor NICL Building Islamabad in April 2005. Subsequently, CCC Head Office was shifted to Karachi in June 2008 and CCC Islamabad office remained in the NICL building Islamabad till November 2008.
The Board of Directors of CCC in its 49th meeting held on 2nd November 2008 approved the acquisition of House No. 5-B Street No. 21, Sector F- 8/2 Islamabad, for the office of CCC; and newly launched Crop Insurance wing of NICL (North Zone) Islamabad and keeping in view the Security reasons in Islamabad, a small portion of the house be utilized for the stay of officers visiting Islamabad. CCC office was shifted from NICL Building, Islamabad to Sector F-8/2 w.e.f. 08-11-2008.