House Building Finance Corporation (HBFC) was established in the year 1952 as a Statutory Federal Body under HBFC. Act 1952 with the object of providing financial assistance for the construction and purchase of houses.
• It is amongst the oldest housing finance institutions in the Asia Pacific region.
• For nearly 50 years it enjoyed the monopoly status in housing finance. Today nearly 25 Private Commercial Banks are also engaged in the housing finance business.
• HBFC has always maintained its business focus on low & middle-income housing needs.
• Now it is in the process of Corporatization which is likely to be completed by the end of year 2006, which will lead to its eventual privatization.
| Document Download | Download |
| Document Type | General |
| Publish Date | 21/09/2006 |
| Author | Zaigham M. Rizvi |
| Published By | Zaigham M. Rizvi |
| Edited By | Saba Bilquis |
Uncategorized
Expansion of HBFC’s Presence through Out-Reach Program (EOP)
