Pakistan Mortgage Refinance Company (PMRC) and TPL Insurance Join Forces to Boost Mortgage Market in Pakistan

Pakistan Mortgage Refinance Company (PMRC) and TPL Insurance Join Forces to Boost Mortgage Market in Pakistan Dated: May 6, 2025 PMRC has partnered with TPL Insurance to provide coverage for the Loan-to-Value (LTV) Guarantee product—an initiative aimed at enhancing mortgage affordability and accessibility for middle-income first-time home buyers. This collaboration empowers PMRC’s Partner Financial Institutions (PFIs) to extend additional credit to eligible borrowers within regulatory limits, by mitigating the associated credit risk. The LTV Guarantee product is designed to encourage greater participation in the housing finance market, lowering the initial cost burden on consumers and enabling PFIs to support more homebuyers with confidence. Together, PMRC and TPL are committed to fostering financial inclusion and expanding homeownership opportunities across Pakistan.

Faysal Asset Management Limited (FAML) and Pakistan Mortgage Refinance Company (PMRC) MOU

Faysal Asset Management Limited (FAML) and Pakistan Mortgage Refinance Company (PMRC) have entered into a Memorandum of Understanding (MoU), with FAML as the launch customer for the Certificate of Islamic Investment, signifying its confidence in PMRC’s innovative and secure investment offerings.

This collaboration underscores the strength of their long-standing relationship and reflects a shared vision, strategic alignment, and mutual trust in advancing Pakistan’s capital markets through impactful and ethical investment solutions. Both organizations reaffirm their commitment to working together in a spirit of transparency, partnership, and shared success, with the overarching goal of strengthening Pakistan’s financial ecosystem.

Together, FAML and PMRC aim to foster innovation and growth in Pakistan’s Islamic finance landscape.

PMRC’s Eid-ul-Fitr gathering

Under the crescent moon’s glow, we came together, not just as colleagues, but as a family.

PMRC’s Eid-ul-Fitr gathering was more than a celebration; it was a tapestry of shared laughter, heartfelt conversations, and the joy of togetherness. In the rhythm of clinking cups and warm embraces, we found a reminder, that
success isn’t just in numbers, but in the bonds we build.

Training session on best practices in housing finance, mortgage loan documentation and MQS

On Thursday, March 27, 2025, PMRC hosted a training session for its Partner Financial Institutions (PFIs). The session covered key topics, including best practices in housing finance, the current housing market scenario, the importance of standardizing mortgage documentation, PMRC’s eligibility criteria, and Minimum Quality Standards (MQS).

The training was conducted by Mr. Jamil Akhtar, Head of Product at PMRC. Representatives from Meezan Bank, JS Bank, Bank Al-Habib, Bank Alfalah, HBL, Faysal Bank, Soneri Bank, SAFCO, Assan Ghar, and HBFCL attended the session

PMRC is proud to welcome NBP Fund’s investment in its Certificate of Investment

Pakistan Mortgage Refinance Company (PMRC) is committed to expanding access to affordable housing finance in Pakistan. As a leading Development Finance Institution (DFI), PMRC sets high standards for mortgage practices and offers innovative financial solutions to support the growth and development of the country’s mortgage market. To strengthen and diversify PMRC has introduced Certificate of Investment as a new avenue for investors.

PMRC is proud to welcome NBP Fund’s investment in its Certificate of Investment, a testament to the strength of our long-term relationship. This collaboration reflects a continued journey of mutual trust, strategic alignment, and a shared vision for deepening capital markets through secure and impactful investment solutions.

Here’s to building on this foundation and achieving even greater success together!

International Women’s Day

International Women’s Day is not just about celebration—it’s about commitment to change. We must accelerate the pace of progress and remove the barriers that hold women back. Equal opportunities should not be a privilege but a right for every woman. Here’s to strong women: may we know them, may we be them, may we raise them. Today, let’s pledge to create a future where gender does not determine one’s success. Let’s stand together and push for a more inclusive world.

Grand Annual Lunch 2024

Here’s to a year of fulfillment! PMRC wrapped up 2024 on a high note with a feast of gratitude, bringing together our incredible team for a grand Annual Lunch on December 31, 2024. It was an event filled with joy, laughter, and a deep sense of appreciation for the dedication and hard work that made this year a resounding success. From heartfelt conversations to the mouth-watering lunch, the gathering truly reflected the spirit of teamwork and togetherness that defines PMRC.

As we shared a delicious feast and celebrated our achievements, we also looked forward to an even brighter future. This gathering was a reminder that our strength lies in our people—the backbone of PMRC’s journey. Here’s to many more milestones, memories, and moments of celebration together as one big family.

Training on Environmental and Social Standards E&S and Credit Guarantee Scheme CGS

PMRC, under its capacity-building program, arranged a session for Partner Financial Institutions (PFIs) on Environmental and Social (E&S) standards for Mortgages and the Credit Guarantee Scheme (CGS).

The purpose of the session was to enhance the understanding and application of E&S standards in mortgage lending, ensuring sustainable practices and aligning with global benchmarks. It also aimed to provide PFIs with insights into the implementation and benefits of the CGS, developing responsible lending and credit risk management.

ASMMA Annual Meeting 2024

Hosted by Pakistan Mortgage Refinance Company (PMRC) from the Asian Secondary Mortgage Market Association (ASMMA) Secretariat, the ASMMA Annual Meeting 2024 brought together regional mortgage refinance companies to foster collaboration and drive advancements in housing solutions.

 

Under the leadership of Mudassir H. Khan (ASMMA Chairman for 2024), the event featured inspiring discussions and meaningful connections, setting the stage for innovative ideas and a brighter future for housing across the region.

 

The meeting was attended by ASMMA members, including Cagamas Berhad (Malaysia), PT Sarana Multigriya Finansial – SMF (Indonesia), Japan Housing Finance Agency – JHF (Japan), National Home Mortgage Finance Corporation – NHMFC (Philippines), Uzbekistan Mortgage Refinance Company – UzMRC (Uzbekistan), Mongolian Mortgage Corporation – MIK (Mongolia), and officials from Pakistan Mortgage Refinance Company (PMRC).

 

Mr. Luca Bertalot, Secretary General at EMF-ECBC, also attended the meeting and shared his valuable insights with ASMMA members, further enriching the discussions.

Moments from the IAGRHC24

Our deepest gratitude to 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐌𝐮𝐡𝐚𝐦𝐦𝐚𝐝 𝐀𝐮𝐫𝐚𝐧𝐠𝐳𝐞𝐛 for honoring the 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞, 𝐆𝐫𝐞𝐞𝐧 & 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 with his presence. Your leadership and vision inspire us to continue our journey toward a sustainable housing future.

 

A 𝐡𝐞𝐚𝐫𝐭𝐟𝐞𝐥𝐭 𝐭𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 𝐭𝐨 𝐨𝐮𝐫 𝐬𝐩𝐨𝐧𝐬𝐨𝐫𝐬, whose steadfast support and commitment were the backbone of this event’s success. Your belief in our mission empowers PMRC to push boundaries and drive impactful change in the housing sector.

 

Together, you have helped us turn a vision into reality, and for that, we are truly grateful.

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