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SECP grants three house financing licences in FY2021

SECP grants three house financing licences in FY2021 July 8, 2021 ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has licenced three new housing finance companies during the last fiscal year of 2020/21 after one decade, it said on Wednesday. SECP said a revitalised house finance companies (HFC) will contribute in catering the huge demand of affordable housing finance in the country. The newly licenced HFCs include Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited and Asaan Ghar Finance Limited. Prior to that, there has been no licenced HFC in existence, for the past one decade. “While cognisant of the huge gap in affordable housing finance space, the SECP in collaboration with Pakistan Mortgage Refinance Company and the World Bank Group started a comprehensive awareness campaign to highlight the opportunities for potential new entrants to tap this vast underserved market.”

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