HBFCL Hands Over Certificates Of Government’s Share To Adviser To P. M On Finance

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. HBFCL, a company governed under the Companies ordinance 1984 is wholly owned by the Government of Pakistan with 62.5% holding by the Federal Government and the balance 37.5% by State Bank of Pakistan.

The Authorized Share Capital of HBFCL is 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.