According to the website of the World Bank, the proposed objective of the project is to increase access to housing finance for households, and support capital market development in Pakistan.
Its three main components are as follows:
Component 1: Supporting Pakistan Mortgage Refinance Company (PMRC) in strengthening its capital base
This component aims to help strengthen PMRC’s capital base so it can operate on a sustainable basis and become a highly rated bond issuer in Pakistan.
Component 2: Supporting the Expansion of Mortgage Loans
This component aims to provide incentives for Primary Mortgage Lender (PMLs) to increase access to mortgage loans to a larger segment of the population. It has the following subcomponents
Component 3: Capacity Building for Housing Policy and Analytics
This component aims to enhance analytical capacity and policy formulation for sound national housing policy.
Pakistan Mortgage Refinance Company Limited is a Pakistan based company that provides refinancing services for primary mortgage lenders in Pakistan. The company serves the banking and housing finance industry.
Email and telephone details were not disclosed.
Islamic Republic of Pakistan
N. K. Rupan
Managing Director and CEO
Phone: +92 21 35633361
Cell #: +92 317 1171778
Fax #: +92 21 35633365
Email : email@example.com
th Floor, Bahria Complex I, MT Khan Road, Karachi 74000, Pakistan.
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The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing firstname.lastname@example.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.