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Formerly | House Building Finance Corporation |
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Company type | Government |
Industry | Financial services |
Founded | 1951 |
Headquarters | , |
Number of locations | 51 |
Key people | Imran Ahad (MD) |
Products | |
Revenue | ![]() |
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Total assets | ![]() |
Parent | State Bank of Pakistan |
Website | hbfc |
House Building Finance Company Limited (HBFCL), formerly known as House Building Finance Corporation (HBFC), is a Pakistani housing finance company which is a subsidiary of State Bank of Pakistan. Founded in 1952, it is based in Karachi, Pakistan. [1] [2]
House Building Finance Company was founded in 1951. Before the independence of East Pakistan, it was headquartered in Dacca. [3] It was incorporated as a corporation on 25 July 2007 and is jointly owned by the State Bank of Pakistan (90.31 percent) and Government of Pakistan (9.69 percent). [2] On 18 February 2011, the name of House Building Finance Corporation was changed to House Building Finance Company Limited under section 39 of the Companies Ordinance 1984. [2]
The company is now an unlisted public limited company. [2] The company has 51 branches, 7 area offices, 3 regional offices, and head office based in Karachi. [2]
The Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatization of House Building Finance Company Ltd. [4]