ISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb chaired the fortnightly Access to Finance Steering Committee meeting on Monday, reporting sharp gains across housing, agriculture, SME and export financing since the close of FY26.
Total housing finance climbed from Rs294 billion at end-June to Rs307 billion by mid-August. Under the Wazir-e-Azam Apna Ghar Program, applications rose 52 percent to nearly 139,000, while approvals surged 84 percent to over 46,000, with approved financing nearly doubling to Rs279 billion. Loans disbursed increased 59 percent, crossing Rs38 billion.
The Committee credited the momentum to regulatory reforms, including the State Bank’s revised housing finance rules, a 90:10 loan-to-value ratio and a 65 percent debt-burden ratio, alongside passage of the Financial Institutions (Recovery of Finances) (Amendment) Act, 2026, aimed at strengthening mortgage recovery and lender confidence.
Agriculture borrowers grew to 3.37 million, adding roughly 115,000 since June, with sector financing steady near Rs1.26 trillion. The Zarkhez-e Asaan Zarai Qarza scheme for uncollateralised farm lending recorded over 58,000 registrations.
SME formal financing stood at Rs1.05 trillion across some 330,000 businesses, with a credit-scoring pilot underway across 13 banks. Officials set medium-term targets of Rs1.5 trillion in combined agriculture and SME financing by June 2027, rising to Rs2 trillion by June 2028.
On exports, the newly effective Performance Based Rebate on Incremental Exports offers exporters a 1 percent rebate for growth up to 10 percent, and 2 percent beyond that. The Pakistan Accelerated Vehicle Electrification Programme also gained pace, with EV deliveries tripling to over 1,500 units.
Aurangzeb called for tighter bank-wise monitoring and broader public awareness to sustain credit growth across housing, farming and enterprise sectors.
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