{
  "id": 430344,
  "title": "KPMG-led consortium hired for House Building Finance Corporation Limited privatisation",
  "url": "https://urgent.news/2026/08/10/kpmg-led-consortium-hired-for-house-building-finance-corporation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T02:51:18.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2021815/kpmg-led-consortium-hired-for-house-building-finance-corporation-limited-privatisation"
  },
  "original_language": "en",
  "account": "ISLAMABAD: Sunday, the Privatisation Commission inked a Financial Advisory Services Agreement (Fasa) with a KPMG-led consortium to privatise House Building Finance Corporation Limited (HBFCL). The commission detailed in its statement that the consortium would also involve Bridge Factor, Haidermota & Co., HRSG, and Asiatic Public Relations to manage media relations. \"The consortium combines established experience in financial advisory, transaction structuring, and execution to help the Privatisation Commission advance the HBFCL privatisation process,\" the statement read. This marks the second effort to privatise the state-owned HBFCL; the prior attempt was unsuccessful as the submitted bid was rejected for being below the reference price approved by the federal cabinet. In February, the Cabinet Committee on Privatisation approved a revised framework, which includes assessing potential synergies or integration paths with other financial entities such as Zarai Taraqiati Bank Limited. \"Under the terms of the current agreement, the financial adviser will carry out a thorough due diligence of HBFCL, provide guidance on an optimal transaction structure, perform valuation, and support the Privatisation Commission throughout the marketing and execution of the transaction,\" the commission stated. The commission anticipates that HBFCL's privatisation \"will contribute to Pakistan's housing finance sector development by leveraging private-sector expertise, enhancing governance and operational efficiency, and enabling greater access to housing finance.\" \"A stronger and more competitive HBFCL could facilitate financing opportunities, especially for low and middle-income households, and assist the government's broader goal of promoting affordable housing in the country,\" the Privatisation Commission added. The commission reiterated that it would collaborate closely with the financial adviser and relevant stakeholders to ensure the transaction moves forward according to the approved process and regulatory requirements.",
  "summary": "The Privatisation Commission has signed a Financial Advisory Services Agreement (Fasa) with a KPMG-led consortium for the privatisation of the House Building Finance Corporation Limited (HBFCL). The consortium, which includes Bridge Factor, Haidermota & Co., HRSG, and Asiatic Public Relations, will provide financial advisory services, transaction structuring, and execution support. This marks the second attempt to privatise HBFCL, following a previous unsuccessful attempt in which the bid was rejected by the Privatisation Commission. The agreement outlines that the financial adviser will conduct due diligence, advise on an optimal transaction structure, conduct valuation, and support the Privatisation Commission throughout the marketing and execution of the transaction, with the aim of contributing to the development of Pakistan's housing finance sector and promoting affordable housing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn - Pakistan",
        "title": "KPMG-led consortium hired for House Building Finance Corporation Limited privatisation",
        "url": "https://urgent.news/2026/08/10/kpmg-led-consortium-hired-for-house-building-finance-corporation-430896",
        "published": "2026-08-10T02:51:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}