KARACHI: Pakistan Mortgage Refinance Company’s office was formally inaugurated in Karachi recently by State Bank of Pakistan Deputy Governor Jameel Ahmad.
Speaking on the occasion, Deputy Governor Jameel Ahmad said, “PMRC would provide long-term funding at a fixed rate which will increase affordability for mortgage borrowers”. It will also promote maximum quality standards in the housing finance sector. He further stated that he is to observe the efforts of PMRC management to date, but the company must continue its journey towards fulfilling its role in providing affordable housing finance in Pakistan.
NBP President and PMRC Board of Directors ex-Chairman Saeed Ahmad also attended the inauguration ceremony.
Speaking at the occasion, he congratulated the PMRC Board and the management for achieving this milestone. He expressed that housing is very close to his heart and he is very keen to see affordable housing in Pakistan. He assured his full support to PMRC for starting its operations.
Addressing the ceremony, PMRC Board of Directors Chairman Rehmat A Hasnie welcomed the chief guest and other distinguished guests and thanked all the stakeholders for their continued support and contribution to making PMRC a viable entity.
PMRC CEO Rupan also thanked the respectable guests for their participation and supporting PMRC to meet its business goals.
The inauguration ceremony was attended by the Board members of PMRC, which include nominees of the Ministry of Finance (Government of Pakistan), HBL, UBL, ABL, Bank Alfalah, Askari Bank, HBFC and Summit Bank Limited. Also, present on the occasion were representatives of SBP and the World Bank Group.
