Delegates from Central Bank of Uganda and MoF (Uganda) meeting with HBFCL team along with PMRC team to discuss strategies for the development of housing products for low and middle income groups.
Delegates from Central Bank of Uganda and MoF (Uganda) meeting with HBFCL team along with PMRC team to discuss strategies for the development of housing products for low and middle income groups.
Delegates from Central Bank of Uganda and MoF (Uganda) meeting Bank Alfalah with PMRC for client exposure and feedback. Housing market outlook and challenges for growth were discussed.
Delegates from Central Bank of Uganda and MoF (Uganda) visited PMRC on study tour to replicate PMRC model in Uganda. Purpose was to seek input and feedback from stakeholders to address housing shortage challenges in Ugandan market..
MD/CEO PMRC meeting with Egyptian Mortgage Refinance Company (EMRC)
Mudassir H Khan (MD/CEO) PMRC visited Egyptian Mortgage Refinance Company (EMRC) during his official visit to Cairo, Egypt on November 21st 2022. Mr. Khan and Mr. Ehab Abou Aly (MD EMRC) discussed about mortgage finance fund, Egyptian Arab land bank, subsidy model, role of HFCs in Egyptian market and areas of mutual cooperation. EMRC’s senior officials also attended the meeting and praised PMRC’s phenomenal growth in short period of time. Meeting ended on keynotes to increase bilateral coordination and benefitting from each other’s experiences.
PMRC and SAFCO has signed a Master Refinance Agreement to promote housing finance in Pakistan with special focus on housing needs of low income segment. Signing ceremony was held at PMRC Office on August 3, 2022. This agreement will enable SAFCO to enter into housing finance market space and promote affordable housing for low income individuals. PMRC is also providing capacity building support to SAFCO in designing housing finance product and trainings to its staff.
On this occasion Mudassir H. Khan (MD/CEO PMRC) acknowledged efforts of SAFCO towards financial inclusion of the lower segment of society and appreciated SAFCO’s initiative to cater to the housing needs of this segment.
As part of PMRC’s Initiative to build capacity of staff members, our Business & Products team successfully conducted training session on 18th July 2022 regarding PMRC’s Role in the market, Clientele, Products, Operations and Recent Market Developments.
The training aimed to bring freshly-hired talent up to speed and act as a refresher for our experienced staff members.
PMRC Shariah Board meeting for 2nd Quarter, 2022 was recently held at PMRC Head Office on June 14th, 2022.
The meeting was held under supervision of Chairman Shariah Board, Mufti Ehsan Waqar. The Board welcomed new Head of Islamic Business, Mr. Hasan Junaid, attending his first meeting at PMRC. The overall performance and operations of Islamic division for previous period were discussed at length. Moreover, Dr. Mufti Yunas Ali (Resident Shariah Board Member) presented reports on overall Shariah Compliance Environment and acquired approval from the Shariah Board. The meeting ended with vote of thanks to the Chair.
PMRC successfully conducted training for Partnered Financial Institutions (PFIs) on “Environment & Social Standards for Housing Finance”. More than 35 participants from reputed banks, microfinance banks, development financial institutions and home financing companies attended the session physically and virtually.
Mr. Jamil Akhtar (Head of Products and E&S Coordinator), Mr. Muhammad Aamir (Head of Risk) and Mr. Hasan Junaid Nasir (Head of Islamic Business) from PMRC and Mr. Babar Khan Naseem (Social Development Specialist) from The World Bank Group spoke and trained participants on crucial subjects such as Environment & Social (E&S) risks, legal framework, policies, screening procedures, documentation, exclusion list compliance.
As part of PMRC’s initiative for development of mortgage market, our Business & Product team successfully conducted one-day training session for capacity building of SAFCO’s core business team on Mortgage & Housing Finance.
Pakistan Mortgage Refinance Company (PMRC) and Dubai Islamic Bank signed an agreement on fixed-rate concessional funds of Rs. 3 Billion to support and promote Housing Finance a vision of the Pakistan government.
