Pakistan Mortgage Refinance Company (PMRC), Pakistan


Promote expansion of affordable housing finance. Establish high standards of mortgage practuces for housing finance. Provide innovative, viable and market-based financial products for the development of mortgage market in Pakistan. Introduce new classes of conventional and Islamic assets to deepen and widen the local capital market.

Brief Introduction Pakistan Mortgage Refinance Company (PMRC) was set up as a Mortgage Liquidity Facility by the State Bank of Pakistan to address the long-term funding constraint in the banking sector; which was hindering the growth of the primary mortgage market. PMRC will serve as a secure source of long-term funding at attractive rates and at the same time ensuring sound lending habits amongst the primary mortgage lenders (PMLs). Its thrust is three-fold: help reduce maturity mismatch risk for PMLs, increase the availability of fixed rate mortgages and increase the maturity structure of the mortgage loans;this in turn would not only help improve the affordability of mortgages but also increase the number of qualifying borrowers. With these initiatives, PMRC envisions an expansion of the primary mortgage market, which consequently lead to the ultimate goal a more widespread home ownership.
Credit rating AAA/VIC
Address 6th Floor, Bahria Complex-I, M.T. Khan Road, Karachi-74000, Pakistan