Borrower will be charged financing rate of 3 % for first five years and 5 % for next five years…
practice social distancing as they queue for donated food in Jakarta, Indonesia. Photo: © Achmad/World Bank" />
All Pakistanis holding valid CNIC and NICOP are eligible…
SBP has established help desks in its 16 offices across the country.
Keeping in view need to improve availability of adequate housing in the country and important role of construction sector in boosting economic activities in other countries, Government of Pakistan envisions to increase the number of housing units manifold in coming years and has taken several measures in this regard.
To support this vision of Government of Pakistan, State Bank of Pakistan has taken several measures since July 2020 to support the provision of financing for the housing and construction sector. In October 2020, the Government of Pakistan augmented these efforts by introducing the Government Markup Subsidy Scheme, now commonly known as Mera Pakistan Mera Ghar (MPMG) markup subsidy Scheme. Government liberalized features of MPMG scheme in light of feedback of stakeholders to benefit the larger strata in March 2021.
Available in both conventional and Islamic mode, this scheme enables banks to provide financing for the construction and purchase of houses at very low financing rates for low to middle income segments of the population.
State Bank of Pakistan is the executing partner with Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA).
