HBFC signs a Term Finance Facility Agreement with HBL to strengthen its home financing portfolio

Pakistan, Karachi, 28 December 2023 – House Building Finance Company (HBFC), Pakistan’s pioneering specialized housing finance institution with a legacy spanning over 70 years, has officially signed a Term Finance Facility Agreement with HBL, Pakistan’s leading bank.

Under the terms of this agreement, HBL becomes the first commercial bank to provide PKR 1 billion to HBFC payable over 5 years, earmarked for the expansion of HBFC’s home finance portfolio. This strategic initiative will enable HBFC to effectively pursue its mission of making accessible and affordable housing loans available to its targeted client base.

Faisal N. Lalani, Head International Banking – HBL commenting on the alliance expressed, “HBL consistently seeks opportunities for meaningful collaboration. We recognize HBFC as a trustworthy partner for fostering growth in the housing finance sector. This partnership underscores our shared commitment to advancing housing finance solutions in the country, contributing to the overall development.”

Speaking at the ceremony, Imran Ahad, Managing Director & CEO – HBFC stated, “We are thankful to HBL for extending this financing arrangement to HBFC. This represents another step in the ever-strengthening relationship between the two organizations. The favorable terms of this financing agreement will certainly boost HBFC’s efforts to expand the Home Finance proposition, reaching an even broader client base.”

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  17. Please everyone should be careful and stop being deceived by all these brokers and account managers, they scammed me over $350,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund, I contacted:[email protected], the email provided for consultation, I got feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back.

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