{"id":87387,"date":"2022-07-20T11:51:14","date_gmt":"2022-07-20T06:51:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87387"},"modified":"2022-07-20T11:51:18","modified_gmt":"2022-07-20T06:51:18","slug":"govt-mpmg-housing-finance-scheme","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-mpmg-housing-finance-scheme.html","title":{"rendered":"Govt to relaunch MPMG housing finance scheme in a week"},"content":{"rendered":"\n<p>Islamabad: The federal government on Tuesday (July 19) decided to relaunch the updated Mera Pakistan, Mera Ghar home financing scheme within a week, news sources reported. The government has restructured the scheme to better correspond to the market\u2019s rate and cater to the citizens&#8217; needs.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-100-bn-mera-pakistan-mera-ghar.html\" data-type=\"post\" data-id=\"82575\" target=\"_blank\" rel=\"noreferrer noopener\">PM approves PKR 100 bn for low-cost \u2018Mera Pakistan Mera Ghar Project<\/a><\/p>\n\n\n\n<p>According to sources, the said update was shared by the federal finance division, which noted that the government is working to make the project more viable. According to the statement, the government had recently postponed distribution under the scheme to <a href=\"https:\/\/www.zameen.com\/news\/sbp-jacks-interest-rate-125-points-high.html\" data-type=\"post\" data-id=\"87234\" target=\"_blank\" rel=\"noreferrer noopener\">adjust to macroeconomic trends<\/a> and rising interest rates. The ban was placed from July 1 to August 31 to restructure and reevaluate the scheme\u2019s viability model. \u00a0 Last week,<a href=\"https:\/\/www.zameen.com\/news\/non-taxpayers-will-not-be-allowed-to-purchase-property-after-july-miftah.html\" data-type=\"post\" data-id=\"36935\" target=\"_blank\" rel=\"noreferrer noopener\"> Finance Minister Miftah Ismail <\/a>made a similar announcement. The minister stated that the government intended to continue the public benefits package.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/miftah-briefs-global-bond-investors-on-imf.html\" data-type=\"post\" data-id=\"85684\" target=\"_blank\" rel=\"noreferrer noopener\">Miftah briefs global bond investors on discussions with IMF<\/a><\/p>\n\n\n\n<p>However, the interest rate offered under the programme is not sustainable as the actual interest rate has risen to 15%, far more than the 3% interest rate offered by MPMG Finance.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government on Tuesday (July 19) decided to relaunch the updated Mera Pakistan, Mera Ghar home financing scheme within a week, news sources reported. The government has restructured the scheme to better correspond to the market\u2019s rate and cater to the citizens&#8217; needs.\u00a0 Read: PM approves PKR 100 bn for low-cost \u2018Mera Pakistan Mera Ghar Project According to sources, the said update was shared by the federal finance division, which noted that the government is working to make the project more viable. According to the statement, the government had recently postponed distribution under the scheme to adjust to macroeconomic trends and rising interest rates. The ban was placed from July 1 to August 31 to restructure and reevaluate the scheme\u2019s viability model. \u00a0 Last week, Finance Minister Miftah Ismail made a similar announcement. The minister stated that the government intended to continue the public benefits package.\u00a0 Read: Miftah briefs global bond investors on discussions with IMF However, the interest rate offered under the programme is not sustainable as the actual interest rate has risen to 15%, far more than the 3% interest rate offered by MPMG Finance.&nbsp;<\/p>\n","protected":false},"author":84,"featured_media":76749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[53219,45092,53220],"persona":[],"class_list":{"0":"post-87387","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-govt-to-relaunch-mpmg-housing-finance-scheme-in-a-week","9":"tag-mera-pakistan-mera-ghar","10":"tag-mera-pakistan-sbp","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to relaunch MPMG housing finance scheme in a week- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government on Tuesday (July 19) decided to relaunch the updated Mera Pakistan, Mera Ghar home financing scheme within a week, news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-mpmg-housing-finance-scheme.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to relaunch MPMG housing finance scheme in a week- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government on Tuesday (July 19) decided to relaunch the updated Mera Pakistan, Mera Ghar home financing scheme within a week, news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-mpmg-housing-finance-scheme.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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