Pakistan Housing Finance Project (WB-P162095)

  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Voting Date
Mar 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Islamic Republic of Pakistan
The holder of the loan, grant, or other investment.
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 145.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 145.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 9, 2019

Disclosed by Bank Mar 3, 2017

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Project Description

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.


Investment Description
  • World Bank (WB)
Private Actors
Private Actors Description

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.

Contact Information

World Bank
Korotoumou Ouattara
Yoonhee Kim

Email and telephone details were not disclosed.

Islamic Republic of Pakistan

Implementing Agencies
N. K. Rupan
Managing Director and CEO
Phone: +92 21 35633361
Cell #: +92 317 1171778
Fax #: +92 21 35633365
Email :
Address: 6
th Floor, Bahria Complex I, MT Khan Road, Karachi 74000, Pakistan.


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 You can learn more about the Inspection Panel and how to file a complaint at: