HBFCL privatization: PC signs FASA with KPMG-led consortium

ISLAMABAD: The Privatisation Commission has signed a Financial Advisory Services Agreement (FASA) with a consortium led by KPMG for the privatisation of House Building Finance Company Limited (HBFCL), said a press release on Sunday.

The consortium brings together established expertise in financial advisory, transaction structuring and execution to support the Privatisation Commission in taking the HBFCL privatisation process forward, the press release, issued by the Privatisation Commission, added.

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This would be the second attempt to privatise HBFCL, reflecting a renewed effort by the Privatisation Commission, the press release said. “In the previous attempt, only a single bidder i.e. Pakistan Mortgage Refinance Company Limited (PMRCL); was pre-qualified.

However, the privatisation could not be successfully concluded as the bid submitted was rejected by the Privatisation Commission for being lower than the reference price approved by the federal cabinet,” the press release added.

Copyright Business Recorder, 2026