Statistics Shared by SECP on HFCs licensing for the housing sector – Ukaaj.com | A great real estate is HERE !

Statistics Shared by SECP on HFCs licensing for the housing sector

  • 2 months ago
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Karachi: According to news sources, The Securities and Exchange Commission of Pakistan (SECP) on Wednesday announced that license was granted to three Housing Finance Companies (HFCs) during the fiscal year 2021 (FY21) to revive the sector.
The new HFCs issued licenses include Asaan Ghar Finance Limited, Pakistan Housing Finance Company Limited, and Trellis Housing Finance Company Limited. During this year, these companies will become operational, according to the report.
According to a regulator, the HFC revival will meet the nation’s vast demand for affordable housing finance. Not even a single license was issued for HFCs in the past decades.
SECP has collaborated with the Pakistan Mortgage Refinance Company and World Bank Group to increase awareness of the market and highlights possibilities for new entrants. Moreover, SECP will guide prospective investors on the various funding mechanisms available to housing finance companies, and HFCs will facilitate functional HFC business model development.

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