How to get GIC from Pakistan.
Canada Side (CIBC)
Go to the following website and click apply
https://www.cibc.com/.../international-student-gic.html
Select the country and you will be given two options CAD or USD. Select CAD because it is cheaper. At the moment of this post they are asking 7849.91 USD which you can convert to 10224.94 CAD from google while if u select CAD they only ask for 10150 CAD. Hence CAD option is cheaper. You can do this your self to confirm.
While filling your detail at the end there is a referral option. If you have a referral email you will get extra bonus mentioned on this site (
https://www.cibc.com/.../special.../isbo-refer-a-friend.html) at the time of the post it is 25 CAD bonus. If you need I can give you a email for referral.
Fill all the information carefully save every page as pdf in your computer before clicking next (important later) To do this press ctrl P and select save as pdf in printer/destination option.
After filling your form, you will receive cibc login details and an email with instruction for transaction with in 1 to 2 days.
Pakistan Side
The best option at the time of post is Meezan Bank and Habib Metropolitan Bank because they both have extensive experience in GIC and both are offering the service in PKR account. I will recommend Meezan as it has less transaction charges.
Take a copy of your Passport, ID card, admission letter, instructions sheet and the pdf of application with you to Meezan Bank and tell them you need to get GIC for Canadian Student Visa. If they have experience, then good if not tell them to contact Meezan Bank Model Town Branch Lahore or Faisal Town Branch in Lahore or Buffer zone branch Karachi or head office and ask them about the process.
While creating the account use the printed pdf as reference and use the same data in account creation. E.g. your name, address format, spellings etc. to avoid any difference during the transaction.
After the account is made and you receive the check book, they will take the copies of all the documents and make you fill additional forms for the transaction and its purpose, fill them as they are only for Pakistani banks.
If the bank dose not have experience in GIC make sure that bank understand the instruction and completely follow them. Common mistakes are Beneficiary address in field F59 of the Foreign Telegraphic Transaction form will be Pakistani same as the address of remitter (also mentioned in the instructions). Field F70 should contain the details according to instructions first (for CIBC the details are “ISBO 2020 GIC-xxxxxxxx”) and if bank wants to add extra detail then they can add after that.
After this the bank will get approval from head office and will send the money to CIBC.
After confirmation from Meezan bank that they have sent the money you will have to wait for 1 to 5 days for the confirmation email from CIBC. Then go to the CIBC login and under the transaction detail download the investment advice letter and welcome letter. I attached these two documents together in the Visa application.
If you need any help you can contact me here or in inbox.