KPMG-led consortium hired for House Building Finance Corporation Limited privatisation
ISLAMABAD: The Privatisation Commission on Sunday signed a Financial Advisory Services Agreement (Fasa) with a consortium led by accounting firm KPMG for the privatisation of the House Building Finance Corporation Limited (HBFCL). In an announcement, the commission said the consortium also comprised corporate finance advisory company Bridge Factor, legal firm Haidermota & Co., human resource firm…
The Privatisation Commission has signed a Financial Advisory Services Agreement (Fasa) with a KPMG-led consortium to oversee the privatisation of House Building Finance Corporation Limited (HBFCL). The consortium includes Bridge Factor, Haidermota & Co., HRSG, and Asiatic Public Relations. This is the second attempt to privatise the state-owned HBFCL, following a previous bid that was rejected due to being below the reference price set by the federal cabinet.
The consortium will conduct due diligence, valuation, and support the transaction execution process. The Privatisation Commission anticipates that a privatized HBFCL will boost housing finance in Pakistan by leveraging private-sector expertise, enhancing governance, and improving operational efficiency.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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