Ongoing investment in Human Resource at HBFCL

Karachi, February 23, 2012: House Building Finance Company Limited – HBFCL is enacting a wide-ranging program to build the capacity and skills of its employees. This investment in its people, the most valuable asset of any organization is an integral part of its overall ongoing Transformation Strategy that is helping to turn around the organization into a profitable, client-centric organization.

Under the program, HBFCL recently organized a workshop titled “Leading Change at HBFCL”, which was conducted at the Center for Executive Education (CEE) of the Institute of Business Administration (IBA). Participants of the workshop were a diverse group of senior to junior managers at HBFCL across Pakistan, ensuring the spread of learning across the organization, both functionally and geographically.

Speaking on the occasion, the MD and CEO of HBFCL, Azhar A. Jaffri stated that the organization was fully focused on its ultimate goal of being the driver of change to mitigate the huge housing shortage in the country, estimated at over 10 million units. He added that to achieve this goal, HBFCL is first bringing about a positive change within itself and the workshop was just one of the initiatives being taken to build a stronger, more motivated and more knowledgeable team.

The 2-day workshop focused on the change management process at HBFCL, with the participants conducting strategic analysis of the organization, developing new product portfolios, participating in HBFCL Customer Value Proposition exercise, brainstorming and conducting SWOT analysis of HBFCL, and Organizational Culture Assessment. The workshop also addressed cultural issues and provided solutions for better results. The Dean and Director of IBA, Dr. Ishrat Hussain was also a guest speaker at the workshop.

The House Building Finance Company Limited (‘HBFCL”) is an unlisted Public Limited Company. Its Vision is “to be the prime housing finance institution of the country, providing affordable housing solutions to low and middle income groups of population by encouraging new constructions in small & medium housing (SMH) sector.” Since its inception it has provided a range of housing finance products and services for nearly half a million housing units.