Hyderabad: March 16, 2022: SAFCO in collaboration with Pakistan Mortgage Refinance Company (PMRC) has launched a housing program to provide financial assistance for the construction, renovation and purchase of houses for low-income group people. The ground breaking meeting between the parties was held at SAFCO Head Office on March, 2022. The meeting was attended by Mr. Suleman G. Abro – SAFCO Founder and Chief Executive, Mr. Sajjad Ali Shah – Managing Director, Ms. Alina Iftikhar – Chief Financial Officer, Mr. Bashir Ahmed Abro – Head of Business Operations and Ms. Arsala Anjum – Manager Credit Management. PMRC was represented by Mr. Muhammad Shahzad Khan – Head of Business, Mr. Jamil Akhtar – Head of Products and Mr. Shaikh Taha Ahmad – Senior Manager Business Marketing.
Via this collaboration, PMRC will provide long term funds to SAFCO for its newly launched housing program and will further assist SAFCO on areas of training, capacity building and product development. Mr. Suleman G. Abro expressed that “the biggest problem is the growing population in the country and scarcity of housing facilities to meet the demand, as people cannot afford to build their own house due to lack of financial resources and the cost of rent they pay add more difficulties”. He was of the view that if SAFCO could provide money to people on easy terms and conditions to build a house, it will not only be a great service to the nation, but also to the service of God. Mr. Muhammad Shahzad Khan praised the efforts of both teams for this groundbreaking moment and said that "it is indeed a proud moment for both the institutions, as we recognize the importance of mutual collaboration for increasing the accessibility of affordable housing finance in the country. This partnership will play a vital role in the promotion of low-income housing and realizing the Government’s vision of making affordable housing a reality”. He further appreciated the efforts of SAFCO in uplifting and accommodating the economically fragile pillar of the society.