Everyday News

SBP puts hold on Mera Pakistan Mera Ghar low-cost housing scheme

KARACHI: The State Bank of Pakistan (SBP) has paused disbursements under the Mera Pakistan Mera Ghar (MPMG) housing scheme till 31st August. The State Bank has also ordered to pause new disbursements under the Prime Minister Kamyab Jawan Youth Entrepreneurship scheme till July 15. 

invest with imarat

Islamabad’s emerging city centre

Learn More

The MPMG low-cost housing scheme comes under the umbrella of the former Pakistan Tehreek-e-Insaf government’s Naya Pakistan Housing Program. Currently, only 21,980 houses have been completed while 52,439 are under construction. Moreover, 95,084 units are in their planning phase. 

The program was initiated to ensure that adequate housing is provided to lower- and middle-income classes. The project also aimed at improving economic activities in the construction sector.

The circular issued by the SBP further stated that in cases where partial disbursements have already been made till June 30, 2022, banks may release the remaining disbursements under the MPMG scheme.

Ahmed Rehan

An editor and writer at Graana.com, Ahmed Rehan Nasir has a passion for creating engaging and informative content. With years of experience in the industry, Rehan has honed his writing skills and developed a deep understanding of SEO practices, crafting content that resonates with diverse audiences.

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago