The Financial Coordination Committee (ECC) of the Cupboard met on the Finance Division underneath the chairmanship of Senator Muhammad Aurangzeb, Federal Minister for Finance and Income.
The ECC thought-about a abstract submitted by the Ministry of Housing and Works in search of approval of revised options of the “Mera Ghar Mera Aashiana (MGMA)” Mortgage Financing for Low-Price Housing scheme.
The Committee was knowledgeable that the scheme, initially accredited by the ECC on July 25, 2025, and subsequently ratified by the Federal Cupboard, is being applied by the State Financial institution of Pakistan (SBP) underneath a Mark-Up Subsidy and Threat-Sharing framework for inexpensive housing finance. Since its launch, the scheme has acquired encouraging public response. As of February 13, 2026, banks have acquired over 10,594 mortgage functions amounting to roughly Rs. 32.288 billion. Of those, 344 loans price round Rs. 810 million have been disbursed, reflecting robust demand and the necessity for additional scaling up.
The ECC was apprised that, following instructions from the Prime Minister’s Workplace and subsequent consultations with key stakeholders — together with SBP, the Finance Division, business banks, and the Pakistan Banks’ Affiliation — a number of revisions had been proposed to reinforce the scheme’s outreach and influence.
After detailed deliberations, the ECC accredited the revised options, together with:
Enhancement of the utmost mortgage restrict as much as Rs. 10 million;
Focused financing of roughly 500,000 housing items over the following 4 years;
Growth of eligible housing parameters to cowl housing items as much as 10 marlas (2,720 sq. ft) and flats as much as 1,500 sq. ft;
Introduction of a uniform fastened end-user mark-up price of 5 %;
Adjustment of already disbursed loans from 8 % to five % to make sure uniformity and equity amongst debtors;
Continuation of the prevailing implementation mechanism for mark-up subsidy and risk-sharing elements by SBP.
The Committee was additional knowledgeable that year-wise subsidy estimates have been ready, together with projections linked to the disbursement of fifty,000 housing items as much as June 30, 2026. Subsidy funds might be aligned with precise mortgage disbursements and accommodated inside annual fiscal allocations to make sure prudent fiscal administration.
The revised framework is designed to develop entry to inexpensive housing finance, stimulate development and allied industries, generate employment alternatives, and promote sustainable house possession by a balanced risk-sharing and focused subsidy mannequin.
In a separate agenda merchandise, the ECC accredited a abstract submitted by the Ministry of Inside & Narcotics Management for the switch of Rs7.289 million as a Technical Supplementary Grant (TSG) for the ICT element of the challenge titled “Nationwide Program for Enhancing Command Areas in Barani Areas of Pakistan,” aimed toward enhancing agricultural productiveness in rain-fed areas.
The ECC additionally accredited a abstract from the Railways Division for the supply of a Technical Supplementary Grant amounting to Rs6.61 billion as budgetary cowl for the Thar Coal Rail Connectivity Undertaking. The initiative seeks to facilitate the transportation of indigenous coal to energy vegetation and industrial items, thereby strengthening power safety and decreasing reliance on imported fuels.
The assembly was attended by Qaiser Ahmed Sheikh, Federal Minister for Funding, who joined just about, together with federal secretaries and senior officers from the related ministries, divisions, and regulatory authorities.
