Pakistan Privatisation Commission signs deal for HBFCL sale

The Privatisation Commission (PC) of Pakistan has signed a Financial Advisory Services Agreement (FASA) with a consortium led by KPMG to facilitate the privatisation of House Building Finance Company Limited (HBFCL).

The consortium includes Bridge Factor (corporate finance), Haidermota & Co. (legal), HRSG (HR), and Asiatic Public Relations (media). The advisory team will be responsible for conducting due diligence, advising on transaction structures, performing valuations, and supporting the marketing and execution phases of the sale.

This marks the second attempt to privatise HBFCL. A previous attempt failed after the commission rejected a bid from the sole pre-qualified bidder, Pakistan Mortgage Refinance Company Limited (PMRCL), because it fell below the reference price approved by the Federal Cabinet. The government aims for the privatisation to improve governance, enhance operational efficiency, and expand housing finance access for low- and middle-income households.