Corporate

Pakistan Mortgage Refinance Company (PMRC) - Pakistan

1 Founding Instrument(s) (with links if possible) PMRC is an unlisted public limited company incorporated under the Companies Act, 2017, and designated as a Development Financial Institution (DFI) by the Government of Pakistan. It operates under directives issued by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP)
2 Any additional or subsequent mandate or governance statements (not included in the above). Mentioned in Point 1
3 Ownership Refer “Annexure A – Shareholding Structure”
4 Legal status Refer point 1
5 Government accounting for stake Information not available
6 Member bank accounting for stake International Financial Reporting Standards (IFRS) more specifically IFRS 9.
7 Government guarantee Government guarantee is available for Credit Guarantee Trust (CGT) managed by PMRC as a Trustee
8 Other Comments PMRC acts as a trustee of

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