Performance of commercial banks regarding MPMG reviewed

ISLAMABAD: On Wednesday, the Steering Committee on Housing and Construction Finance convened its 48th meeting in Islamabad, wherein the performance of the commercial banks regarding the federal government’s flagship program Mera Pakistan Mera Ghar (MPMG) was reviewed.

The huddle was attended by Governor State Bank of Bank (SBP) Dr Reza Baqir and Chairman NAPHDA Lt. General Anwar Ali Hyder. Moreover, representatives of different commercial banks, including President NBP, President Bank Al Falah, President HBL, President Silk Bank, President Meezan Bank, and President UBL.

Mr Reza Baqir briefed the meeting with regard to financing by the commercial banks operating under the markup subsidy facility.

According to Baqir’s briefing, a total of 59,788 million rupees had been disbursed by various commercial banks against 17,308 applications.

The Committee reviewed the performance of the helpline/toll-free number set up to help consumers interested in home finance under the MPMG program. The participants were of the opinion that the ratio of approval of loans was increasing day by day. 

Sources privy to the matter said that a total of 161,163 calls had been received during March 2022 out of which 88% of calls got answered within 20 seconds. Moreover, a total of 109,551 inquiries by the consumers had been addressed by the concerned departments.