State Bank of Pakistan (SBP) has released a fresh set of prudential regulations for regulating financing in housing and mortgage. House Building Finance Company Limited (HBFCL) heartily welcomes this step of SBP which, in its opinion, would go a long way to regulate housing finance activities properly and according to their requirements, and also encourage the flow of finance in this very important sector. Before issuing housing finance specific prudential regulations, the housing finance was being regulated under prudential regulations for consumer financing, which are by all means totally different from the housing finance. S8P has recognised these differences and has alluded to the same in its circular no. IH&SMEFD 30 of 2014. It states that, “it has been observed that nature of housing finance in terms of pricing, tenure, collateral and repossession etc. is distinct from other consumer finance products.” In a statement, Syed Sayef Hussain, the Managing Director of HBFCL said that, issuing housing finance specific regulations by S8P is a very good step, and in near future it will greatly impact the growth in this sector of financing.