On housing finance guidelines for proper regulations of financing by Infrastructure and Housing Finance Department of State Bank of Pakistan. A strong, well defined and prudent Regulatory regime has direct impact on the overall growth of a particular sector of the economy. Review of the existing prudential regulations reveals that there are many areas and facets of housing finance sector that have not been covered thoroughly in prudential regulations, primarily due to the nature of the document. After having assessed the need of full-fledged mortgage guidelines, IHFD has embarked on introducing a comprehensive set of mortgage guidelines for housing finance covering all the areas of housing finance sector. In this lieu, an outline has been prepared to draft Mortgage guidelines based on best international practices.