SECP licensed 3 new housing finance companies

Staff Report

The Securities and Exchange Commission of Pakistan has licensed three new Housing Finance Companies during the fiscal year ended June 30, 2021.

SECP believes that a revitalized HFC sector will contribute in catering the huge demand of affordable housing finance in the country.

The newly licensed HFCs include Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited and Asaan Khar Finance Limited. Prior to that, there has been no licensed HFC in existence, for the past one decade.

Previous articleAsset base of financial sector expands 14 %: SBP
Next articleLesco issues monsoon directions