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The government has moved a step closer to finalizing the privatisation of House Building Finance Company Limited (HBFCL), as the Privatisation Commission Board approved a reference price and Sale Purchase Agreement for the transaction.
The deal will see HBFCL sold through a negotiated process to the Pakistan Mortgage Refinance Company Limited (PMRCL), the only pre-qualified bidder. The bid will be opened after approval from the Cabinet Committee on Privatisation (CCoP) and the Federal Cabinet.
Officials said the move reflects the government’s commitment to restructuring state-owned enterprises through transparent and efficient privatisation.
