Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 08/06/2001
Author Talha Khan
Published By The Express Tribune
Edited By Suneela Farooqi
Uncategorized

PAKISTAN: ESTABLISHMENT OF MORTGAGE REFINANCE COMPANY

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Document Type: General
Publish Date: 2001
Primary Author: Talha Khan
Edited By: Suneela Farooqi
Published By: The Express Tribune

The government is set to incorporate Pakistan Mortgage Refinance Company Limited in partnership with domestic and multilateral banks with a paid-up capital of Rs6 billion in a bid to push the housing finance market in the country. The company is expected to be set up in the next two weeks. Federal Finance Minister Ishaq Dar chaired a meeting on Monday to consider matters pertaining to the establishment of the mortgage refinance company before the Securities and Exchange Commission of Pakistan formally incorporates it.

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