ISLAMABAD – The Sharif-led federal government on Tuesday suspended Mera Ghar Financing Scheme, which was launched by ousted prime minister Imran Khan.
The Ministry of Finance issued a statement, saying the scheme was halted temporarily and will be resume within a week.
The Finance Division and the State Bank of Pakistan (SBP) are currently working on reshaping the scheme and it will be rolled out within a week, it was said.
However, the incumbent government assured people that investments already made by the general public through the scheme remain protected.
The Imran Khan-led PTI government launched the housing scheme to provide low-cost houses and loans to people.
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Candidates were provided low-cost housing loans up to Rs10 million with mark-ups ranging between 3-9 percent for the first 10 years before switching to market rates after 10 years.
