ECC Approves Low-Price Housing Scheme With Larger Mortgage Restrict of Rs. 10 Million

The Financial Coordination Committee (ECC) of the Cupboard met on the Finance Division below 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 carried out by way of the State Financial institution of Pakistan (SBP) below a Mark-Up Subsidy and Danger-Sharing framework for reasonably priced housing finance. Since its launch, the scheme has obtained encouraging public response. As of February 13, 2026, banks have obtained over 10,594 mortgage purposes 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, industrial banks, and the Pakistan Banks’ Affiliation — a number of revisions have been proposed to reinforce the scheme’s outreach and affect.
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;

Enlargement 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 charge of 5 %;

Adjustment of already disbursed loans from 8 % to five % to make sure uniformity and equity amongst debtors;

Continuation of the present implementation mechanism for mark-up subsidy and risk-sharing elements by way of 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 will likely be aligned with precise mortgage disbursements and accommodated inside annual fiscal allocations to make sure prudent fiscal administration.
The revised framework is designed to increase entry to reasonably priced housing finance, stimulate building and allied industries, generate employment alternatives, and promote sustainable residence possession by way of 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 part of the mission titled “Nationwide Program for Enhancing Command Areas in Barani Areas of Pakistan,” aimed toward bettering agricultural productiveness in rain-fed areas.
The ECC additionally accredited a abstract from the Railways Division for the availability of a Technical Supplementary Grant amounting to Rs6.61 billion as budgetary cowl for the Thar Coal Rail Connectivity Challenge. The initiative seeks to facilitate the transportation of indigenous coal to energy crops and industrial items, thereby strengthening vitality 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.