The federal government has announced the resumption of the Mera Pakistan Mera Ghar housing scheme that was put on hold by the State Bank of Pakistan for restructuring.

Recently, the SBP has announced to suspend the disbursements under the Mera Pakistan Mera Ghar Scheme, from July 1, 2022, till August 31, 2022.  The suspension faces a huge backlash from people who have already invested their hard-earned money in the scheme and they now await the restoration of the program. The affected aspirants of the Mera Pakistan Mera Ghar Scheme took to social media to register their complaints.

People Urged SBP to Restore Mera Pakistan Mera Ghar Scheme

The MPMG Scheme, introduced by the PTI-led government, is a mark-up subsidy-based Housing Finance Facility that assists people in purchasing their dream home. After opting for the scheme, people have to pay a 10% advance to the owners, bank fee, lawyers fee, and realtors fee in order to begin the process. Due to the abrupt suspension notice issued by the SBP,  people are now worried about the investment they had made under the scheme.

People are urging the government officials and SBP to resume the MPMG Scheme on an urgent basis as they have invested heavily in the project. The affectees also trended #RestoreMPMGLoan in a bid to claim their money back from the state. While some people termed it a state robbery others blamed the incumbent government for adding fuel to the people’s misery. To grab the attention of the concerned authorities, people were also seen posting their issues under SBP’s Facebook posts where they were demanding the central bank to restore the scheme.

Read more: SBP Halts Disbursements Under Mera Pakistan, Mera Ghar Scheme

Miftah Ismael Reacts to the Huge Outcry

The finance minister, Miftah Ismael, was recently seen giving an interview to the local television where he cleared the air regarding the schemes that were put on hold. He said that the government hasn’t discontinued any program instead they were suspended for two months for redesigning purposes and they will be resumed once the process is complete. He also mentioned that the Kamyab Jawan Program has already been redesigned and it will be resumed soon for the public.

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