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HBFC announces Rs. 250 million flood relief programme
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[Posted on: 1-Sep-2010]
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House Building Finance Corporation Limited (HBFCL) has announced a contribution of Rs. 250 million to provide relief to victims of the devastating floods in Pakistan....
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HBFCL Hands Over Certificates Of Government’s Share To Adviser To P. M On Finance
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[Posted on: 8-Jul-2009]
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Mr. Azhar A. Jaffri, CEO & Managing Director House Building Finance Corporation Ltd, presented the share certificates of Federal Government’s Share in HBFCL’s Capital to Mr. Shaukat Tarin, Advisor to Prime Minister on Finance and Economic Affairs in a meeting held at the Head Office of NBP on Monday...
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Balloting Takes Place For Hbfc Employees Hajj -2009
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[Posted on: 29-Jun-2009]
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The balloting for nomination of three employees out of more than 1400, who would perform Hajj at the cost of Corporation, was conducted here at HBFC Head Office...
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HBFCL becomes PUBLIC COMPANY
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[Posted on: 23-May-2009]
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House Building Finance Corporation Limited is governed by the Companies Ordinance -1984, with an Authorized Share Capital of Rs. 6.0 billion divided into 600 million ordinary shares of Rs.10 each. The Paid-up Capital is Rs. 3.001 billion divided into 300.1 million ordinary shares of Rs.10 each....
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Azhar A. Jaffri appointed as Director of Takaful
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[Posted on: 3-Mar-2009]
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Azhar A. Jaffri, Chairman & Chief Executive Officer/Managing Director House Building Finance Corporation is appointed as Director to the Board of Takaful Pakistan Ltd. Takaful Pakistan Limited was incorporated in June, 2006 with an authorized capital of Rs. 300 million, all fully paid-up. The Company is sponsored by...
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Azhar A. Jaffri Appointed as Chairman Hbfc B.O.D.
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[Posted on: 27-Feb-2009]
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The Board Of
Directors of the House Building Finance Corporation have appointed Mr. Azhar A. Jaffri as the new Chairman of the Board in its 1/2009 meeting held on February 23, 2009 at HBFC Head Office Karachi. Mr. Jaffri is nominated to this position in addition to the role of Chief Executive Officer/Managing Director already held by him. The tenure of his Chairmanship shall be of three years. ...
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Continuation of “ISO Certification” of House Building Finance Corporation Limited
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[Posted on: 22-Jan-2009]
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Moody International (MI), a Multi Accredited Certification Body, have confirmed, continuation of the status of “ISO Certification” of HBFC Ltd. This decision was made by MI on the basis of 1st yearly “Surveillance Audit” of HBFC Ltd operations conducted by its auditors during December-2008....
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Pacra maintains HBFC ratings at A, A1
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[Posted on: 13-Jan-2009]
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The Pakistan credit rating agency limited (Pacra) has maintained the long-term and short-term entity ratings of House Building Finance Corporation Limited (HBFC) at A (Single A) and A1 (A One), respectively. The rating of secured TFC issue of 1,500 million rupees has also been maintained at 'A+' (Single A Plus). The rating denote a low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments....
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Syed Azhar Abbas Jaffri Takes Over As Chief Executive Officer/Managing Director , HBFC Ltd
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[Posted on: 10-Jan-2009]
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Syed Azhar Abbas Jaffri has joined House Building Finance Corporation Limited (HBFC Ltd) as Chief Executive Officer and Managing Director. Mr. Jaffri has 30 years of experience in the Banking /Financial Services Industry....
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HBFCL has no liquidity crunch
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[Posted on: 21-Oct-2008]
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Apropos the news report, titled “HBFCL facing serious liquidity crunch”, appearing on the front page of daily the Business Recorder on 21st October 2008, HBFCL wishes to make it very clear that, the report contains wrong, fallacious, and malicious information, far from actual and factual position, and appears to have been given with malafide intention....
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HBFC Signed Legal Documents Of Pkr 1.5 Bn Sukkuk
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[Posted on: 14-Apr-2008]
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House Building Finance Corporation Limited (“HBFCL”) today signed the transaction legal documents of its PKR 1.5 billion (first tranche) Sukuk Issue. A signing ceremony was held at Finance & Trade Centre, Auditorium, to mark the event. The Sukuk has been subscribed by a diverse investors based comprising of Institutions including NBFC’s Islamic Commercial Banks, Islamic Mutual Funds, Takaful Company, etc. HBFCL’s Sukuk is the first mortgaged based Sukuk issue in the country....
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HBFC Ltd and Askari Bank Ltd joins Hands to launch Askari -HBFC Co- brand Credit Card
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[Posted on: 12-Feb-2008]
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HBFC Limited in technical collaboration with the Askari Bank Ltd today announces another land mark step towards futuristic approach for "Strategic Alliance” to offer Askari -HBFC Co brand Credit Card. This card is a unique solution exclusively for HBFC Customers. The Askari -HBFC Credit Card presents convenience and security in a whole new dimension....
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HBFC made record disbursement of over rs.3.5 billion during-2007
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[Posted on: 11-Jan-2008]
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The House Building Finance Corporation Limited (HBFCL) provided 6400 housing loans of over Rs 3.5 billion during the year 2007 and achieved record growth of 58% over previous year’s disbursement of Rs. 2.2 billion....
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HBFC engages consultant for development of Data Centre
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[Posted on: 11-Jan-2008]
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The House Building Finance Corporation has engaged the services of M/s Innovative(Pvt.) Ltd as the consultant to HBFC Ltd for the design and development of its Data Center Infrastructure. M/s Innovative is one of the Pakistan’s most prestigious and internationally certified power consultancy organizations –An Agreement signing ceremony, between the House Building Finance Corporation Limited being the prime housing finance institution of the country & M/s Innovative (Pvt.) Ltd as the leading Technology Company, held in Karachi the other day. According to this agreement, Innovative will provide Consultancy Services to HBFC Ltd. for their Data Centre being built at their Head Office in Karachi....
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HBFC Ltd. launchs “Mobile Van Office” to facilitate the people at their door steps
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[Posted on: 7-Nov-2007]
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House Building Finance Corporation Limited has launched its first “Mobile Van Office” at Karachi. The inaugural ceremony took place in an simple alluring set. City Nazim Karachi Syed Mustafa Kamal graced the event as the Chief Guest....
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HBFC Limited Introduces Its New “Customer Care Call Centre”
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[Posted on: 23-Oct-2007]
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The House Building Finance Corporation Limited introduced its new “Customer Care Call Centre” yesterday. Syed Safwanullah, MNA and Ex-Federal Minister for Housing inaugurated the HBFC Limited Customer Care Call Centre at the HBFC Ltd Head Office, Karachi....
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Pakistan’s first “Mortgage Backed Sukuk”
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[Posted on: 19-Sep-2007]
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The House Building Finance Corporation Limited (“HBFCL”) has mandated Standard Chartered Bank (Pakistan) Limited, AMZ Securities (Private) Limited and Emirates Global Islamic Bank Limited to act as Financial Advisors & Arrangers to arrange financing by way of Islamic Sukuk amounting to PKR 3 billion to finance the ongoing business operations of HBFCL....
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Short-term Construction Loan Facility for Small Builders
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[Posted on: 1-Sep-2007]
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The House Building Finance Corporation Limited launched the small builders finance scheme issuing a cheque of rupees 7.5 million to a small builder Mrs. Rehana Kanwal for construction of a marketable house on a plot at DHA Phase –VIII, Karachi....
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Winner of HBFC's 4th Lucky Draw Proceed for Umrah
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[Posted on: 23-Jun-2007]
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The lucky draw winner of “HBFC Umrah Package”, Syed Ali Furqan Zaidi from Karachi proceeding to Makah for performing Umrah. Prior to this, HBFC has sent six lucky winners, from different parts of the country to perform Umrah under its “Umrah Package” introduced from January 2007....
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Winners Of Hbfc’s 3rd Lucky Draw Proceed For Umrah Today
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[Posted on: 26-May-2007]
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Two lucky draw winners of “HBFC Umrah Package”, one from Karachi and the other from Lahore proceeding to Makah for performing Umrah. Prior to this, HBFC has sent four lucky winners, one each from Lahore, Wah Cantt, Rahim Yar Khan and Hyderabad to perform Umrah under its “Umrah Package” introduced from January 2007....
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HBFC and Converge Technologies join Hands to launch tele-monitoring system of HBFC
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[Posted on: 25-Apr-2007]
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HBFC in technical collaboration with M/S converge Technologies today announced another land mark step towards futuristic approach of digital activation and tele-monitoring. This partnership will enable HBFC to offer state of the art communication system to its over hundred thousand customers, by using sms communication platform of M/s Converge Technologies. The technology will provide HBFC nationwide all time digital connectivity with its clients, through their novel telecommunication network...
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House Building Finance Corporation takes off with a new Business Plan
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[Posted on: 7-Apr-2007]
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The House Building Finance Corporation (HBFC) has presented a Business Plan to Dr. Salman Shah (Advisor to the Prime Minister on Finance), Mr. Omar Ayub Khan (Minister of State for Finance) and Dr. Shamshad Akhtar (Governor State Bank of Pakistan) being the first phase of restructuring itself to become a commercially sustainable entity in a competitive housing finance market. The said Business Plan is prepared by the Canadian Mortgage Housing Corporation (CMHC) under IFC Technical Support Program for the HBFC....
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HBFC to Develop and Finance A Housing Scheme of About 1000 Houses in Gwadar
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[Posted on: 2-May-2006]
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The House Building Finance Corporation (HBFC) has inked 3–MoUs with Gwadar Development Authority (GDA) and District Nazim, Gwadar. These are for design, development and construction of small & medium–cost housing scheme on a 63 acres piece of land in Gwadar. Under another MoU, HBFC will be financing GDA’s Gohrab low-cost housing scheme...
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HBFC opens its branch operations in Gwadar
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[Posted on: 23-Feb-2006]
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The House Building Finance Corporation (HBFC) has started its branch operations in Gwadar, the emerging Port City of Pakistan....
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HBFC raises its Capital to Rs.3 billion
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[Posted on: 20-Feb-2006]
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The House Building Finance Corporation (HBFC) has raised its Capital to Rs.3 billion by capitalization of its Reserves....
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HBFC Getting Ready To Float Country’s First REIT
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[Posted on: 27-Jan-2006]
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HBFC Board is best prepared to float Pakistan’s first REIT. HBFC owns ideally located pieces of land in Lahore, Islamabad and Peshawar on which HBFC intends to construct residential or office complexes. The financial resources for the project are to be provided through floatation of REIT. HBFC has already entered into an understanding to provide technical advisory with a Malaysian Asset Management Company having floated many successful REITs....
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HBFC Entering in a New Era
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[Posted on: 15-Dec-2005]
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The country is facing severe shortage of housing units and the increase in real estate prices are making life miserable of the common man. To own a shelter has become a dream that may not come true in their lives. To discuss this problem, Ismat Sabir speaks to Mr Zaigham Mahmood Rizvi, Chairman and CEO House Building Finance Corporation (HBFC)....
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HBFC Introduces Mortgage Loan Transfer Facility
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[Posted on: 28-Nov-2005]
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Karachi, November 28th -2005. the House Building Finance Corporation (HBFC) is first time introducing “Mortgage Loan Transfer Facility” for its customers who have obtained loans for construction of purchase of houses/flats from local/foreign banks, Development Financial Institution (DFIs) and private sector Housing Finance Companies (HFCs) are now approaching HBFC for availing housing finance under it shariah-compliant schemes....
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HBFC Receives Warm Response For Its Outreach Program
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[Posted on: 12-Jul-2005]
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During 53 years of its existence HBFC managed to open 58 District offices in big cities and major towns. The new Representative Offices, to be served through Service Agents are being opened in those towns and tehsils which are hitherto not covered by existing branch network of HBFC. Since HBFC, under its new vision and mission aims to be the housing bank for Small & Medium Housing (SMH) finance focusing on low and middle income sections of the population, it had to expand its outreach to those areas which are hitherto not being covered by its physical presence....
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HBFC Lifestyle Release
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[Posted on: 14-Jun-2005]
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House Building Finance Corporation (HBFC), the pioneer institution in Housing Finance, has been providing home loans since past 53 years. Although many other home loans schemes are now being offered by various Banks and Financial Institutions, the name of HBFC stands out being the housing bank of the nation, serving the low and middle income sections of populations....
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Affordable Housing For Low And Middle Income Population
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[Posted on: 14-Jun-2005]
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The country is facing severe shortage of housing units and the real estate prices are soaring day-by-day making shelter beyond the reach of a common man. To discuss this problem, Ismat Sabir of The News International speaks to Mr.Zaigham Mehmood Rizvi, Chairman and CEO House Building Finance Corporation (HBFC)....
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