{"id":87777,"date":"2022-08-03T16:56:22","date_gmt":"2022-08-03T11:56:22","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87777"},"modified":"2022-08-03T16:56:23","modified_gmt":"2022-08-03T11:56:23","slug":"sbp-banks-resume-housing-finance","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-banks-resume-housing-finance.html","title":{"rendered":"SBP instructs banks to resume subsidised housing finance"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday (August 2) directed all commercial banks to resume disbursement of home loans under the Mera Pakistan, Mera Ghar (MPMG) scheme, news sources reported. The fund disbursement will be resumed for all cases approved before July 25.<\/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>Following the Ministry of Finance meeting, the SBP issued a circular stating that disbursements to <a href=\"https:\/\/www.zameen.com\/news\/govt-mpmg-housing-finance-scheme.html\" data-type=\"post\" data-id=\"87387\" target=\"_blank\" rel=\"noreferrer noopener\">already approved cases <\/a>under the MPMG Scheme will restart, with banks urged to lower their spread over the Karachi Interbank Offered Rate (KIBOR). Furthermore, SBP advised that applicants who experience difficulties during the process may contact SBP and register their complaint at servicedesk.sbp.org.pk. In a series of tweets, the central bank stated that it would closely monitor all cases to handle any issue that may develop.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter_widget_wrapper alia_embed_wrapper\"><div class=\"twitter_widget_border\"><!--ALIA start embed content--><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Today, <a href=\"https:\/\/twitter.com\/hashtag\/SBP?src=hash&amp;ref_src=twsrc%5Etfw\">#SBP<\/a> asked all banks to expedite disbursement of approved cases under <a href=\"https:\/\/twitter.com\/hashtag\/MeraPakistanMeraGhar?src=hash&amp;ref_src=twsrc%5Etfw\">#MeraPakistanMeraGhar<\/a> as advised in Circular (<a href=\"https:\/\/t.co\/558vUXCAqN\">https:\/\/t.co\/558vUXCAqN<\/a>). <a href=\"https:\/\/twitter.com\/hashtag\/SBP?src=hash&amp;ref_src=twsrc%5Etfw\">#SBP<\/a> will closely monitor all such cases &amp; applicants finding any difficulty may lodge complaints at <a href=\"https:\/\/t.co\/x0gvI9QJ4z\">https:\/\/t.co\/x0gvI9QJ4z<\/a><\/p>&mdash; SBP (@StateBank_Pak) <a href=\"https:\/\/twitter.com\/StateBank_Pak\/status\/1554509305155670016?ref_src=twsrc%5Etfw\">August 2, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><!--AliA end embed content--><\/div><\/div>\n<\/div><\/figure>\n\n\n\n<p>It is worth noting that the government halted financing under MPMG, citing increased market policy rates and financial limitations. The funding freeze was in effect from <a href=\"https:\/\/www.zameen.com\/news\/govt-housing-finance-policy-rate.html\" data-type=\"post\" data-id=\"87330\" target=\"_blank\" rel=\"noreferrer noopener\">June 1 until August 31<\/a>. However, the ministry has said that the government is still striving to improve the loan terms and conditions to make them more sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Tuesday (August 2) directed all commercial banks to resume disbursement of home loans under the Mera Pakistan, Mera Ghar (MPMG) scheme, news sources reported. The fund disbursement will be resumed for all cases approved before July 25. Read: PM approves PKR 100 bn for low-cost \u2018Mera Pakistan Mera Ghar Project Following the Ministry of Finance meeting, the SBP issued a circular stating that disbursements to already approved cases under the MPMG Scheme will restart, with banks urged to lower their spread over the Karachi Interbank Offered Rate (KIBOR). Furthermore, SBP advised that applicants who experience difficulties during the process may contact SBP and register their complaint at servicedesk.sbp.org.pk. In a series of tweets, the central bank stated that it would closely monitor all cases to handle any issue that may develop. It is worth noting that the government halted financing under MPMG, citing increased market policy rates and financial limitations. The funding freeze was in effect from June 1 until August 31. However, the ministry has said that the government is still striving to improve the loan terms and conditions to make them more sustainable.<\/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":[45912,53431,53430],"persona":[],"class_list":{"0":"post-87777","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-mera-pakistan-mera-ghar-housing-finance-scheme","9":"tag-mpmg-restructuring","10":"tag-sbp-instructs-banks-to-resume-subsidised-housing-finance","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>SBP instructs banks to resume subsidised housing finance - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday (August 2) directed all commercial banks to resume disbursement of home loans under the Mera\" \/>\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\/sbp-banks-resume-housing-finance.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP instructs banks to resume subsidised housing finance - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Tuesday (August 2) directed all commercial banks to resume disbursement of home loans under the Mera\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-banks-resume-housing-finance.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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