According to press reports, Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over a review meeting on the development of the mpg scheme.
In order to address the nation’s housing shortage, the minister said the government would continue to maintain the markup subsidy. In addition to removing hurdles that are operational or functional, the government will also improve the project’s financial components.
The chairman of theNAPHDA briefed the minister on the project’s status. The minister asked meeting participants to come up with a sustainable and long-term solution to the mortgage crisis in addition to requesting government support in overcoming operational issues.
The MPMG project was launched in 2020 to address the nation’s housing needs The government claimed financial restrictions, suspended project finance and intended to restart the project after restructuring on a competitive market basis in May of this year.