In agriculture, pilot programs are underway at federal and provincial levels to develop land records and titling to ensure that an effective collateral registry system evolves. In housing, banks are being encouraged to provide housing finance; however, banks fund long term housing loans through short term demand and time liabilities that in turn pose an asset liability mismatch on their books.
Therefore, in order to mitigate asset liability mismatches, besides provision of fixed rate mortgages, deliberations are underway for establishment of mortgage refinance company in Pakistan. Work is also underway to privatize outstanding financial institutions engaged in development financing business such as the SME Bank, Industrial Development Bank of Pakistan, House Building Finance Corporation and Zarai Tarakiati Bank Limited.