Finance Minister Miftah Ismail has announced that the Government is reshaping the Mera Pakistan Mera Ghar (MPMG) Scheme and no one is going to lose his or her money invested in the project if they’ve gotten approval for their loans.
In a Tweet, Miftah Ismail stated that the Government will resolve all the issues with the Mera Pakistan Mera Ghar Scheme within the next week. “I want to assure you that we are reshaping this scheme and no one will lose their money.” he said in his Tweet. “We will resolve the issues within the next week,” he added.
Many people are writing to me that their loans were approved in the Mera Ghar scheme and that they have spent money based on that approval. I want to assure you that we are reshaping this scheme and no-one will lose their money. We will resolve the issues within the next week.— Miftah Ismail (@MiftahIsmail) July 16, 2022
It is pertinent to mention that State Bank of Pakistan (SBP) had instructed banks to put on hold all disbursements under the Mera Pakistan Mera Ghar Program from July 1, 2022 till August 31, 2022 as the Government planned to review and revise the features of the MPMG.
However, the decision received strong resentment from the applicants, especially those who had made partial payments of the loan to avail the subsidy. However, Finance Minister Miftah Ismail has announced that his government is reshaping the program and all issues would be resolved within a week.
Furthermore, the Prime Minister’s Kamyab Jawan Program was also halted by the Government to review and revise its features from July 1, 2022 to July 15, 2022. However, the programme is yet to be restored by the Government.