- August 10, 2026
- Posted by: Tresmark
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The government has launched a second attempt to privatise the House Building Finance Company Limited (HBFCL), with the Privatisation Commission signing a financial advisory agreement with a KPMG-led consortium to structure, value and market the state-owned mortgage lender.
The agreement marks a renewed push to sell HBFCL after the government’s previous privatisation attempt failed when the only pre-qualified bidder, Pakistan Mortgage Refinance Company Limited (PMRCL), submitted a bid below the reference price approved by the federal cabinet.
The consortium, led by KPMG, includes Bridge Factor, a corporate finance advisory firm, Haidermota & Co., a legal adviser, HRSG, a human resources firm and Asiatic Public Relations.
Under the Financial Advisory Services Agreement, the consortium will conduct comprehensive due diligence of HBFCL, recommend an optimal transaction structure, undertake valuation and assist the Privatisation Commission with investor marketing and execution of the transaction.
The renewed effort comes as the government seeks to bring greater private-sector participation into housing finance and improve the performance and governance of state-owned enterprises.
The government expects HBFCL’s privatisation to help strengthen Pakistan’s housing finance market, improve operational efficiency and expand access to mortgage financing, particularly for low and middle-income households.
