A 46-slide presentation on House Building Finance Corporation was given at a global conference of the World Bank dated May 28-30. 2008. The Corporation is the oldest housing finance institution in Pakistan and among the oldest in Asia pacific region, established as a public sector enterprise (PSE) under the government act in 1952, and operated as a state enterprise for nearly 54 years, was corporatized and got the status of a public limited company on 26th July 2007. now HBFC is up for privatization, realizing the role of HBFC in low and middle-income housing finance, the government decided in 2003-2004 to revive the institution, and in January 2005 the stewardship was given to a professional banker from the private sector, has about 100 offices/outlets in 12 zonal offices under 3 provincial offices to serve the people of Pakistan throughout length and breadth of the country, and has focused on small and medium housing (SMH) solutions.
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