Banks Approves Around Rs. 60 Billion for Low-cost Mera Pakistan Mera Ghar Housing Scheme

Mera Pakistan Mera Ghar (MPMG), the government’s markup subsidy housing scheme, has picked up the pace as the country’s commercial banks have approved the financing facility of nearly Rs. 60 billion for the customers residing in different cities by the end of August 2021.


As per data released by the State Bank of Pakistan (SBP), the banks have received applications of Rs. 154 billion under the government’s flagship scheme since its launch. By August 31, 2021, the disbursement under the scheme has reached Rs 11.5 billion, showing an increase of around Rs. 3.8 billion or 49% in August 2021.

On average, banks have, to date, approved 38 percent of the amount applied for, while 19 percent of the approved amount has been disbursed. These approval and disbursement ratios have similarly risen over the past few months as banks have put in place the needed upfront investment in procedures and technology to process applications for low-cost housing.

It is pertinent to mention here that the banks disbursed amounts in different stages of construction or purchase. Thus, the pace of disbursement is contingent upon the speed of construction and completion of the purchasing process.

Here Are The Top 5 Banks
Mera Pakistan Mera Ghar — Top 5 banks
Approvals Disbursements
Bank Name Amount

(Rs. in billion)

Bank Name Amount

(Rs. in billion)

Meezan Bank 9.53 Bank Alfalah 1.31
Standard Chartered Bank 9.49 Meezan Bank 1.22
Habib Bank Limited 5.08 National Bank of Pakistan 1.15
Bank Alfalah 4.43 Standard Chartered Bank 1.13
The Bank of Punjab 3.98 BankIslami 0.78


Since the announcement of the low-cost housing scheme last year, SBP has taken various enabling steps such as introducing standardized and simple application formadopting informal income assessment modelproviding relaxations in prudential regulationsestablishing helpdesks at all SBP field offices; and, designing a complaint portal supported by a network of focal persons of all banks across all geographical areas. On the instructions of SBP, the banks are accepting MPMG applications through over 8,000 dedicated branches across the country.

Furthermore, SBP has also allocated targets to each bank under MPMG. An e-tracking system and a dedicated joint call center for the facilitation of the applicants have also been established in every bank. Naya Pakistan Housing Development Authority (NAPHDA) and Pakistan Banks’ Association (PBA), a representative body of banks, are fully supporting MPMG.


It is expected that with the ongoing efforts by SBP, Government, and banks, the bank financing for MPMG will gain further momentum in the days to come.


  • My name is muhammad irfan i am from.europe cyprus i want to get loan for house please tell me how can i apply from abroad

  • i need house kindly i have in Dubai i one parson man work my family i desire i come back to pakistan and work but due to very poor condition

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