house building finance company limited pakistan
HAROON ISHAQ
MA IV
ECONOMICS
SUBJECT: FINANCIAL INSTITUTIONS AND MARKETS
(SIR AAGAH SHAHID)
FEDERAL URDU UNIVERSITY OF ARTS SCIENCE & TECHNOLOGY ABDULHAQ CAMPUS
House Building Finance Company Limited
(HBFCL)
Introduction:
The House Building Finance Corporation (HBFC) was established in the year 1952 as a Statutory Federal Body with the object of providing financial assistance for construction and purchase of houses to the people of Pakistan in urban as well as rural areas. With its establishment, the concept of institutionalized housing finance was introduced for the first time in Indo-Pak sub-continent for providing long term finance for house building.
Company Profile:
House Building Finance Corporation was established with the objective of providing financial assistance for the construction of houses. Ensuingly HBFC’s scope also branched out into diverse dominions like purchase, repair and renovation of houses. Later on HBFC’s mission was evermore reformed to specifically target the needs of the low and middle income strata of the country by providing Small and Medium Housing (SMH) Solutions. HBFC’s operations are spread over a network of 3 Regional, 12 Zonal and 58 District Offices, 4 camp offices and 25 Representative Offices/Service Agents. HBFC today has its presence in 80 cities and towns all over Pakistan. HBFC’s Head office is situated in Finance & Trade Centre Karachi.
Since inception todate, the corporation has financed over one and half million units for Rs. 41.437 billions, provided housing finance facility to 28 corporate clients for Rs. 1.7 million, made recoveries of Rs. 51.368 billions and has outstanding portfolio of Rs. 19.6 billion. Disbursed Rs. 600 millions flood loans to over Rs 0.4 million affected families granted remissions to Widows, Orphans and retired Government Servant of Rs. 1.23 billion on Federal Government’s directive. Its Average annual disbursements and recoveries are around Rs.
MA IV
ECONOMICS
SUBJECT: FINANCIAL INSTITUTIONS AND MARKETS
(SIR AAGAH SHAHID)
FEDERAL URDU UNIVERSITY OF ARTS SCIENCE & TECHNOLOGY ABDULHAQ CAMPUS
House Building Finance Company Limited
(HBFCL)
Introduction:
The House Building Finance Corporation (HBFC) was established in the year 1952 as a Statutory Federal Body with the object of providing financial assistance for construction and purchase of houses to the people of Pakistan in urban as well as rural areas. With its establishment, the concept of institutionalized housing finance was introduced for the first time in Indo-Pak sub-continent for providing long term finance for house building.
Company Profile:
House Building Finance Corporation was established with the objective of providing financial assistance for the construction of houses. Ensuingly HBFC’s scope also branched out into diverse dominions like purchase, repair and renovation of houses. Later on HBFC’s mission was evermore reformed to specifically target the needs of the low and middle income strata of the country by providing Small and Medium Housing (SMH) Solutions. HBFC’s operations are spread over a network of 3 Regional, 12 Zonal and 58 District Offices, 4 camp offices and 25 Representative Offices/Service Agents. HBFC today has its presence in 80 cities and towns all over Pakistan. HBFC’s Head office is situated in Finance & Trade Centre Karachi.
Since inception todate, the corporation has financed over one and half million units for Rs. 41.437 billions, provided housing finance facility to 28 corporate clients for Rs. 1.7 million, made recoveries of Rs. 51.368 billions and has outstanding portfolio of Rs. 19.6 billion. Disbursed Rs. 600 millions flood loans to over Rs 0.4 million affected families granted remissions to Widows, Orphans and retired Government Servant of Rs. 1.23 billion on Federal Government’s directive. Its Average annual disbursements and recoveries are around Rs.