In the historic city of Sheikhupura, this institution was established in 1968 in a rented building as the Government Commercial Training Center. A one-year certificate course was introduced along with a library to support students’ academic needs.
In 1969, it was upgraded to the Government Commercial Training Institute and started offering D.Com classes. In 1984, the institute shifted to a spacious government-built building, and the library was expanded to accommodate the growing number of students.
In 2020, B.Com classes were launched, and the institution was renamed Government College of Commerce. Later, the program was converted into a two-year Associate Degree in Commerce (ADC). In the same year, a four-year BS in Business Administration program was introduced under the semester system, and the college was upgraded to Government Graduate College of Commerce, Sheikhupura.