PMRC hosted a Mortgage Insurance session

PMRC hosted a session on August 12, 2020 with participants from major Insurance Companies of Pakistan along with representatives from Banks. The purpose of the meeting was to discuss Mortgage/housing related insurance products that are currently available in the market and products that are internationally available but not offered in Pakistan.  Thus the session was aimed at strengthening the mortgage market in Pakistan by offering new insurance product that provide insurance cover in case of temporary loss of income which can be due to partial disability, job loss etc. to the mortgagees specially for the low income segment which is a vulnerable segment to absorb the economic shocks.

Session was chaired by Mr. Mudassir.H.Khan, CEO PMRC and attended by senior management officials of PMRC, Habib Bank Limited, United Bank Limited, National Bank of Pakistan, M/s. EFU Insurance Company, Adamjee Insurance Company, IGI Insurance Company, Jubilee Insurance Company, Atlas Insurance Company, TPL Insurance Company and Unique Insurance Brokers.

Mr. Mudassir said that the product will not only give PMLs the required confidence in the housing sector but will also serve as a medium to safeguard the end consumer from risk of default. Attendees appreciated PMRC’s proposal and said that besides adding a new product to insurance sector, it will play a vital role in development of housing finance market which will facilitate Government’s efforts in fostering the housing sector.

As an outcome, a committee comprising of insurance industry experts and bank officials has now been formulated which will come up with a product to cater the need of the market.

Conference on Housing Finance

For the promotion of housing finance companies as a source of developing housing sector in Pakistan, a conference for NBFI & Modaraba Association of Pakistan members was organized by Pakistan Mortgage Refinance Company (PMRC), Securities and Exchange Commission of Pakistan (SECP) and NBFI & Modaraba Association of Pakistan on 3rd February 2020 in Karachi.

The conference was a major success where PMRC witnessed considerable interest from the association members towards the promotion of housing finance.

Link to the Business Recorder article: https://www.brecorder.com/2020/02/04/567717/conference-on-promotion-of-hfcs-for-housing-finance-held/

Mr. Mudassir (MD/CEO) participated as a panelist

Mr. Mudassir H. Khan participated as a panelist at the two-day conference jointly organized by Karandaaz Pakistan, Asian Development Bank Institute Japan, and Pakistan Resident Mission of Asian Development Bank on 25-26th November 2019 in Islamabad.

The conference shared views on innovative Financing. Mr. Mudassir deliberated on the challenges and opportunities in building a sustainable housing finance market.

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PMRC’s MD/CEO participated as a guest speaker at IBA

Mr. Mudassir H. Khan (MD/CEO) of PMRC participated as a guest speaker in the session on ” Strategy of Pakistan Mortgage Refinance Company ” held on November 5, 2019 at the Institute of Business Administration (IBA), Karachi.

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Training Workshop on Environmental & Social Risk

Training workshop on Environmental and Social Risk Management (ESRM) in Housing Finance; organized by PMRC in collaboration with World Bank Group on 19 – 20th September, 2019.

Kenya Mortgage Refinance Company Visit

PMRC hosted Mr. Johnstone Oltetia, Chief Executive Officer, Kenya Mortgage Refinance Company (KRMC) along with his team in Pakistan from September 30 till October 04, 2019 in order to gain insight about mortgage refinancing.

See the ‘Letter of Appreciation’ from KMRC (Kenya) blank

6th Annual Meeting of the Asian secondary

Mr. Mudassir H. Khan; CEO Pakistan Mortgage Refinance Company (PMRC) took part in the 6th annual meeting of the Asian secondary Mortgage Market Association (ASMMA) in Pusan, South Korea from 2 to 5 September 2019. The 6th annual meeting discussed the main trends in the development of the secondary mortgage market in the world, including the promotion of energy saving and the development of “green mortgage”.

Study Tour at Cagamas Berhad

Study Tour in April, 2019 at Cagamas Berhad; the National Mortgage Corporation of Malaysia, established in 1986 to promote the broader spread of home ownership and growth of the secondary mortgage market in Malaysia.

Pakistan Housing Conference

Pakistan Housing Conference conducted in Islamabad in March, 2019 By The World Bank

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