Islamabad: The Privatisation Commission has entered into a Financial Advisory Services Agreement with a consortium led by KPMG for the privatisation of the House Building Finance Company Limited. This marks the second attempt to privatise the company, highlighting a renewed effort to advance the privatisation process.

According to Privatisation Commission, the KPMG-led consortium includes Bridge Factor, Haidermota & Co., HRSG, and Asiatic Public Relations. This team will provide expertise in financial advisory, transaction structuring, and execution to facilitate the privatisation. The previous privatisation attempt did not succeed due to a bid from the Pakistan Mortgage Refinance Company Limited that was rejected for failing to meet the reference price set by the Federal Cabinet.

Under the new agreement, the consortium will perform due diligence, recommend a transaction structure, conduct valuations, and support the marketing and execution of the sale. The privatisation is intended to enhance the housing finance sector in Pakistan by leveraging private-sector expertise and improving HBFCL’s governance and operational efficiency. This initiative aims to expand financing opportunities for low- and middle-income households and support the government’s goal of promoting affordable housing.

The Privatisation Commission is committed to working closely with the Financial Advisor and stakeholders to ensure that the transaction aligns with the approved process and regulatory requirements.