PMRC disbursed South Asia’s first Islamic Mortgage Refinance Facility to ORIX Modarba (ORIX).
This Islamic Refinance Facility will enable non-banking finance institutions to avail long term funding from PMRC for extending housing finance.
International Finance Cooperation (IFC), a member of the World Bank Group, is making an equity investment of up to PKR 500 million (about $3.2 million) in Pakistan Mortgage Refinance Company Limited (PMRC), to catalyze affordable mortgage financing to help to address a critical gap in affordable housing.
Mr. Mudassir H. Khan (MD/CEO, PMRC) attended the Naya Pakistan Housing Programme meeting chaired by Governor SBP Dr. Reza Baqir.
The meeting was conducted to identify ways for ensuring sustainable market-led financing of housing projects and mortgages.
Mr. Mudassir H. Khan (MD/CEO, PMRC) attended the meeting chaired by Prime Minister Imran Khan regarding finalization of the Naya Pakistan Housing Scheme.
The Prime Minister stated in the meeting that the scheme will be an important project for the construction of houses for low-income people and development of the construction sector.
Mr. Mudassir H. Khan (MD/CEO) exclusive interview featured in Dawn Newspaper on providing affordable housing finance in Pakistan.
Pakistan has a serious problem of housing shortage. There is a need for 10 million houses and the gap is increasing with an additional 250,000 houses required each year.
“For the first time, completely built houses and apartments will be sold by the private sector allowing buyers to pay back in instalments while residing in these units.” Mudassir H. Khan –MD/CEO, PMRC
Link to the Dawn article: https://www.dawn.com/news/1531966/built-up-houses-on-instalments
