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Business

Meezan bank approves Rs49bn in financing under affordable housing scheme

Meezan bank approves Rs49bn in financing under affordable housing scheme
ISLAMABAD, Oct 9 (APP):Meezan Bank has approved 6,880 housing finance cases worth approximately Rs49 billion under the Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna (GHTA) Scheme, with 1,000 families receiving financing totalling Rs7.34 billion as of September 30, 2026.
The bank has received more than 27,800 applications worth approximately Rs179 billion through its own network and the PHA portal, reflecting demand for affordable housing finance.
Of these, 13,474 applications amounting to Rs100.7 billion were received through the bank’s network, while another 14,397 applications worth Rs78.65 billion came through the PHA network.
The scheme provides Pakistani families access to Shariah-compliant housing financing as part of the Government’s affordable housing agenda. Meezan Bank’s participation supports the objective of expanding affordable home ownership while bringing Islamic housing finance to the general public.
“At Meezan Bank, we believe that Islamic finance can play a meaningful role in making home ownership accessible to a much larger segment of society. Through Ghar Ho Tu Apna, we are committed to working with the Government to transform the aspiration of home ownership into a reality for thousands of Pakistani families,” said Ahmed Ali Siddiqui, Group Head Consumer Finance, Meezan Bank.
The bank said it remained committed to expanding affordable home ownership and contributing to Pakistan’s housing sector through its extensive network, Islamic finance expertise and growing housing-finance capabilities.

Source: APP (Associated Press of Pakistan)