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| EconomyOfPakistan »Banking Sector in Pakistan » Housing Finance Companies |
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Housing Finance Companies |
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As Pakistan is experiencing a recent boom in its economy many new industrial sectors are coming up on regular basis. Not only that, in the agricultural fields also the country is reaping a huge profit. It is expected that within a short span of life Pakistan will emerge as one of the prominent developing country that has a self sufficient economy. As a majority of people specially the city dwellers are possessing money in their hands, there is a general tendency of these people to utilize the money in some building investment. Following the present trend new house building projects are also on the run that requires investment of large lump sum of money. Because of this reason several housing finance companies are coming forward to back up the projects. To get more information on housing finance companies go through the write up.
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The housing finance companies in Pakistan are financing the recent projects at a lower interest rate so that more people can go for it. At present there are four housing finance companies in Pakistan that provide full assistance to those who require financial assistance for home making. These are :
- Asian Housing Finance Limited
- Citibank Housing Finance Company Limited
- House Building Finance Corporation
- International Housing Finance Limited
Among all these housing finance companies, the House Building Finance Corporation Ltd. Is the oldest one that had its birth in the year 1952. It started as a Statutory Federal Body and had the aim to provide financial assistance for construction and purchase of houses to those people of Pakistan who were residing in the cities. This is the first attempt by any organization in Pakistan from where the concept of institutionalized housing finance originated in the country.
For further queries on Banking Sector in Pakistan log on to www.economyofpakistan right now.
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