{"id":71060,"date":"2020-10-01T13:09:48","date_gmt":"2020-10-01T08:09:48","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71060"},"modified":"2020-10-01T13:09:51","modified_gmt":"2020-10-01T08:09:51","slug":"hbfc-leading-financial-institution-providing-home-loans-nphp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/hbfc-leading-financial-institution-providing-home-loans-nphp.html","title":{"rendered":"&#8216;HBFC to become leading financial institution providing home loans for NPHP developments: MD Aly&#8217;"},"content":{"rendered":"\n<p>Karachi: House Building Finance Company (HBFC) Managing Director (MD) Syed Basit Aly on Tuesday stated that the company was all set on taking the lead on the Naya Pakistan Housing Programme (NPHP) developments among all other financial institutions operating in the country, a news source reported. He was speaking to the media at the inauguration of HBFC\u2019s Karachi-II branch at Gulistan-e-Jauhar.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/privatisation-commission-recommends-sale-house-building-finance-corporation.html\" target=\"_blank\" rel=\"noreferrer noopener\">Privatisation Commission recommends sale of HBFC, 4 other entities<\/a><\/p>\n\n\n\n<p>Aly revealed that the HBFC has a disbursement target of PKR 4.5 billion for the current year, which the company hopes to enhance further for the NPHP initiatives. He said that the company has improved its recoveries from 52% to 75% in the past five years.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/hbfc-announces-deadline-rescheduling-restructuring-debt-payments.html\" target=\"_blank\" rel=\"noreferrer noopener\">HBFC announces deadline for rescheduling, restructuring of debt payments<\/a><\/p>\n\n\n\n<p>Moreover, the MD further went on to say that all the financial sector services had faced a challenging year \u2013 in 2020 \u2013 but the company\u2019s \u2018cutting-edge housing finance services\u2019 and the enthusiastic customer support will ensure another successful year for the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: House Building Finance Company (HBFC) Managing Director (MD) Syed Basit Aly on Tuesday stated that the company was all set on taking the lead on the Naya Pakistan Housing Programme (NPHP) developments among all other financial institutions operating in the country, a news source reported. He was speaking to the media at the inauguration of HBFC\u2019s Karachi-II branch at Gulistan-e-Jauhar. Read: Privatisation Commission recommends sale of HBFC, 4 other entities Aly revealed that the HBFC has a disbursement target of PKR 4.5 billion for the current year, which the company hopes to enhance further for the NPHP initiatives. He said that the company has improved its recoveries from 52% to 75% in the past five years. Read: HBFC announces deadline for rescheduling, restructuring of debt payments Moreover, the MD further went on to say that all the financial sector services had faced a challenging year \u2013 in 2020 \u2013 but the company\u2019s \u2018cutting-edge housing finance services\u2019 and the enthusiastic customer support will ensure another successful year for the company.<\/p>\n","protected":false},"author":57,"featured_media":65476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[40609,40607,17184],"persona":[],"class_list":{"0":"post-71060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-hbfc-to-become-leading-financial-institution-providing-home-loans-for-nphp-developments-md-aly","9":"tag-housing-building-finance-company-hbfc","10":"tag-naya-pakistan-housing-programme-nphp","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&#039;HBFC to become leading financial institution providing home loans for NPHP&#039; 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