PAKISTAN CYCLE INDUSTRIAL CO-OPERATIVE SOCIETY LTD. At the birth of Pakistan there was not a single factory in the country, which manufactured bicycles and their spares. Taking advantage of the situation, some major importers brought in bicycle from abroad and such imports were passed on for sale to retailers most of whom were located in Lahore’s major market in Nila Gumbad area. In 1952 shortage of foreign exchange started creating difficulties for the importers. Giving careful though to the problem, the shop owners of Nila Gumbad chalked out a plan to establish a bicycle-manufacturing factory within the country on co-operative basis. As such 22 persons got together and laid the foundation of a co-operative society. Its first meeting was held on 17th July 1953, later, on 8th September 1953, the society was registered under section 9 of Co-operative societies Act II of 1912. As stated above the society was registered to provide mutual help and benefits to its founding members. According to the rules of the society, its controlling powers lay with its general body. By the grace of God since its inception to this day, elections of the society are held punctually. The society has been functioning successfully all along is because of the fact that its members take deep interest in its working. Elections of its working committee and Board of Directors are held new after every three years. Since the Directors also happen to be the owners, they take decisions for the betterment of the society with full sense of responsibility. Initially, only a few spare parts of bicycles were manufactured locally and about 90% spare parts were import from abroad. With the passage of time, the situation started improving and today almost 98% bicycles spare parts are being manufactured in house or through vendors. The credit goes to the society that is providing spares regularly. To all the bicycle-manufacturing units in the country to produce finished their goods.