The Economic Coordination Committee (ECC) approved revised features of the “Mera Ghar Mera Aashiana (MGMA)” mortgage financing scheme during a meeting chaired by Finance Minister Senator Muhammad Aurangzeb at the Finance Division.

The summary, presented by the Ministry of Housing and Works, sought changes to strengthen the Mark-Up Subsidy and Risk-Sharing Scheme for Affordable Housing Finance, which is being implemented through the State Bank of Pakistan (SBP).

The ECC was informed that the scheme has received 10,594 loan applications amounting to Rs32.288 billion as of February 13, 2026. So far, 344 loans worth Rs810 million have been disbursed, indicating growing demand for low-cost housing finance.

Under the revised framework, the maximum loan limit has been increased to Rs10 million. The scheme now covers housing units up to 10 marlas (2,720 square feet) and apartments up to 1,500 square feet. A uniform end-user mark-up rate of 5 percent has been introduced, and loans already disbursed at 8 percent will be adjusted downward to 5 percent to maintain consistency.

The government aims to facilitate financing for approximately 500,000 housing units over the next four years. Subsidy requirements will be linked to actual disbursements and managed within annual budgetary allocations. The existing implementation mechanism for mark-up subsidy and risk-sharing will remain unchanged.

Separately, the ECC approved Rs7.289 million as a Technical Supplementary Grant (TSG) for the ICT component of the “National Program for Enhancing Command Areas in Barani Areas of Pakistan,” submitted by the Ministry of Interior & Narcotics Control.

The Committee also granted Rs6.61 billion in TSG to the Railways Division for the Thar Coal Rail Connectivity Project to support the transportation of locally mined coal to power plants and industries.

The meeting was attended by Qaiser Ahmed Sheikh, Federal Minister for Investment, who joined virtually, along with senior officials from relevant ministries and divisions.