Page 452 - 2019 6th AFIS & ASMMA

Under this program, the primary market in Pakistan achieved 14% annual
growth rate, and the interest rate was released from 17~18% to 12~15%.
- Volume of refinance loans : 7,171,195 PKR (As of Jan 2019)
- Accumulated amount of disbursement : 7,500 million PKR (As of July 2019)

▧ Issuance of Bonds
To raise funds for purchasing mortgage loans PMRC issues bonds. PMRC
Pakistan tries to introduce new class of long-term assets for investors, and promotes
fixed rate bonds/sukuks for development of the local bond market.

| COMPANY |
Pakistan Mortgage Refinance Company

| CEO |
Khan Mudassir Hussain

» Vision

To be a leading catalyst for the development of housing finance and capital
markets in Pakistan

» Main Business Session I
▧ Refinance Loans
PMRC provides liquidity to a capital market by refinancing diverse financial
assets such as mortgage loans and Islamic bonds. Also, to avoid purchasing
non performing loans excessively PMRC established standards for loans
eligible to be traded.
In an effort to make housing finance affordable and approachable to the
low & middle income groups, PMRC launched a disbursement program
targeting that segment for reinforcing financial accessibility.

454 2019 6th AFIS & ASMMA Annual Meeting 455