KARACHI: The Board of Directors of House Building Finance Company Limited (HBFC), following receipt of requisite regulatory clearances, is pleased to announce the appointment of Syed Muhammad Talib Rizvi as the Managing Director and Chief Executive Officer of the Company.
Rizvi brings over 28 years of distinguished strategic leadership experience spanning commercial banking, digital finance, fintech, public policy, and regulatory affairs. He has a proven track record of leading large-scale organizational transformations, strengthening institutional governance frameworks, and advancing financial inclusion through innovation and strategic partnerships. The Board expressed confidence in his leadership to steer HBFC towards sustained growth and innovation.
Established in 1952 under the sponsorship of the Government of Pakistan, HBFC is one of the country’s oldest housing finance institutions, playing a pivotal role in enabling homeownership. The Company holds long-term and short-term credit ratings of AAA and A-1+, respectively, with a stable outlook, and reported a profit before tax of PKR 3.16 billion for the year ended December 31, 2025.
Copyright Business Recorder, 2026
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