He has served nearly all joint-venture financial institutions of the country, and his last assignment prior to joining HBFC was as M.D. Pak. Kuwait, which he served for nearly four years.
Rizvi has also served financial institutions in the Gulf for nearly 10 years and has wide network of business relations in Gulf based financial and business circles. Rizvi has a diversified blend of academic qualifications, holding master's degree in Engineering, Economics and Business Administration. He has Diploma in Banking where he received gold medal. Rizvi has also been a FulBright Scholar of the US government.
The present government is giving prime importance to development of housing and real estate sector. HBFC has been serving housing sector of the country for nearly 50 years. In the recent past, due to incentive and promotional policy of the government for the housing sector, various commercial banks have also launched housing finance schemes during the last 3/4 years.
Thus HBFC is now faced with a competitive environment and a challenging task to continue play its vital role in development of the housing in the country. The housing requirements of low-income and middle-income groups as well as the industrial working class of the population will now be the prime focus and market niche for HBFC.
HBFC aims at developing mega housing projects and satellite towns for meeting the challenge of acute housing shortage in the country.
According to one estimate, housing shortage is estimated between 6-7 million housing units. The annual growing requirements of the housing sector, simply due to annual population growth is between 600,000 to 700,000 housing units per year, adding further to the already existing huge housing shortage.-PR