Pakistan MRCL (IFC-39604)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PAKISTAN MORTGAGE REFINANCE COMPANY LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 17, 2018

Disclosed by Bank Apr 16, 2018


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Project Description

The proposed IFC project consists of an equity investment of up to US$ 7.5 million in the Pakistan Mortgage Refinance Company Limited. The proposed project aims to support Pakistan Mortgage Refinance Company in meeting its minimum capital requirements and mobilizing additional Tier 1 capital for the Company. 

 

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Pakistan Mortgage Refinance Company Limited provides refinancing services for primary mortgage lenders in Pakistan. The company serves the banking and housing finance industry.

Contact Information

For inquiries about the project

Pakistan Mortgage Refinance Company Limited 
Mr. Zulfiqar Alam 
Company Secretary and Chief Financial Officer 
+9221 35633363 
zulfiqar.alam@pmrc.com.pk 
6th Floor, Bahria Complex I, M.T. Khan Road, Karachi – 74000, Pakistan 
www.pmrc.com.pk 

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/