House Building Finance Company Limited (HBFCL), formerly known as House Building Finance Corporation (HBFC), is a Pakistani housing finance company which is a subsidiary of State Bank of Pakistan. Founded in 1952, it is based in Karachi, Pakistan.[1][2]
History
House Building Finance Company was founded in 1951. Before the independence of East Pakistan, it was headquartered in Dacca.[3] It was incorporated as a corporation on 25 July 2007 and is jointly owned by the State Bank of Pakistan (90.31 percent) and Government of Pakistan (9.69 percent).[2] On 18 February 2011, the name of House Building Finance Corporation was changed to House Building Finance Company Limited under section 39 of the