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Thursday, May 23, 2024

HBFC & KPT to make housing a reality for employees!

HBFC is currently on a mission to make house ownership a possibility for all. In the past week, HBFC signed agreements with KPT, PQA, and PNSC. As per the agreements, HBFC will provide housing finance solutions to the employees of partner companies.

In a bid to facilitate employees to purchase homes, House Building Finance Company (HBFC) Limited signed an agreement with Karachi Port Trust (KPT). Under the agreement, HBFC will provide housing finance solutions to KPT employees.

Nadir Mumtaz Warraich, Chairman of KPT, and Imran Ahad, MD & CEO HBFC signed the agreement at KPT Head Office, Karachi. Minister of Maritime Affairs Syed Ali Haider Zaidi also attended the event. He appreciated the efforts of HBFC in helping employees fulfill their dreams of owning a house.

“I am delighted to see KPT and other entities like Port Qasim Authority and PNSC under MoMA joining hands with HBFC to provide housing finance solutions for their employees,” Minister Zaidi said.

“Home-ownership remains a dream and a desire for every Pakistani and it’s great to see these institutions coming together to help fulfill these dreams. Affordable housing is a key pillar of PTI government’s social and economic agenda,” the Minister further added.

Read more: Why the Naya Pakistan Housing Scheme is a game changer

Moreover, Chairman KPT, Nadir Mumtaz Warraich reiterated the company’s commitment to its employees by calling them an “asset.”

“Employees are our greatest asset; we share their dreams and aspirations. This partnership will enable our employees to realize their dream of homeownership. Coming together with HBFC, we have made an effort to make housing a reality for our employees where they can easily obtain HBFC’s housing finance service on preferred rates and flexible terms and conditions,” he said.

HBFC on a mission for affordable housing

Speaking on the occasion, HBFC stressed its mission in making house ownership affordable for all.

“The current focus on housing finance as a key driver of economic agenda, coupled with bold policy steps have created an ideal enabling environment for rapid and sustainable growth of mortgage finance in Pakistan,” Imran Ahad, MD HBFC said

“This agreement with KPT has brought us a step closer in our mission in making house ownership affordable for all. We are looking forward to working with KPT and strengthening our relationship through value addition,” he further added.

In addition to KPT, HBFC signed agreements with Port Qasim Authority and Pakistan National Shipping Corporation.


As part of the agreement, HBFC will offer multiple channels to client organizations such as call center, exclusive email address, on-site kiosk, official HBFC website, etc. Consequently, this will enable employees of partner organizations to access HBFC’s housing finance service through a medium that is convenient for them.

Read more: Karachi Port Trust (KPT) shows substantial growth over 11 months!!