Bureau Report
KARACHI: As part of its enhanced focus on customer facilitation and meeting the demands & expectations of customers, House Building Finance Company Limited (HBFC) announced on Friday that it would be expanding its services by opening selective branches as well.
In a statement from HBFC, selective HBFC branches in 11 cities across the country will facilitate customers. This decision has been taken to cater to the growing interest of customers, especially in the Mera Pakistan Mera Ghar (MPMG) Scheme.
It is anticipated that the DFI’s financing for housing and construction will increase significantly as mortgage finance activity under the MPMG Scheme picks up.
The official statement released by House Building Finance Company Limited states, “to revive the housing sector in Pakistan and bridge the gap between demand and supply of housing units in the country, mortgage finance will have to play a pivotal role. HBFC is in the thick of it and is well-prepared to cater to the growing demand.”
“As the only dedicated housing finance institution in Pakistan that has been offering housing finance facilities particularly to low and middle income groups of population since 1952, HBFC has played a vital role in fulfilling the housing needs of the growing population.”
“This initiative, which is in line with our vision to make mortgage lending easy and accessible for all Pakistanis, is part of our renewed effort to provide a new face of service in the industry. We are actively changing the way we do business; becoming more focused on our customers’ needs and exceeding their expectations from us.”
HBFC is a market leader in Housing Finance. Apart from many other ongoing improvements, expanded service hours on Saturday is just another initiative to meet the growing demand and to facilitate the momentum created by subsidized housing finance under Mera Pakistan Mera Ghar (MPMG) scheme.
House Building Finance Company Limited (HBFC) is the only housing finance institution in Pakistan established in 1952 to provide housing finance primarily to low and middle-income citizens.
The institution provides financing facilities for construction and purchase of houses/apartments through its deep-rooted and national footprint of 51 branches, 3 regional offices, 7 area offices and the Head Office based in Karachi. State Bank of Pakistan (SBP) and Ministry of Finance (MoF) jointly hold shares of HBFC.
