The federal government has allowed non-bank financial companies (NBFCs) to take part in the Prime Minister Apna Ghar Program (PM-AGP), widening access to the low-cost housing finance scheme beyond traditional banks.
The approval was granted on the recommendation of the Securities and Exchange Commission of Pakistan (SECP).
Under the decision, non-bank housing finance and investment finance companies can extend housing loans of up to Rs10 million under the scheme, while eligible microfinance companies can provide loans of up to Rs5 million, the regulator said on Saturday.
The SECP said the step would allow citizens without conventional banking relationships to access housing finance on easier terms, making use of the wide digital networks and presence of NBFCs in remote and underserved areas.
Under the programme, eligible borrowers can obtain financing at a subsidised 5 percent profit rate for the first 10 years.
The SECP also issued the regulatory framework governing NBFC participation in the scheme. The framework allows NBFCs to extend housing finance in partnership with banks and other financial institutions.
The programme, officially titled Wazir-e-Azam Apna Ghar Program Ghar Ho Tu Apna and also known as PM-AGP, is a nationwide housing finance initiative launched by Prime Minister Shehbaz Sharif. It aims to address Pakistans long-standing housing shortage while supporting economic growth.
The scheme was formally launched on April 30, 2026, after extensive consultations with the private sector, the finance ministry, and the State Bank of Pakistan (SBP).
The programme covers all four provinces, Gilgit-Baltistan, and Azad Kashmir, with no regional restrictions on eligibility. In its first year, the government aims to construct 50,000 houses backed by Rs321 billion in financing.
