Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular Letter No. 02 of 2022
February 02, 2022

The Presidents/ Chief Executives
All Banks/DFIs/MFBs

Dear Sir(s)/ Madam(s),

Kamyab Pakistan Program (KPP)

Please refer to IH&SMEFD Circular No. 11 of 2021 on the subject.

2.   In view of the decisions of Government of Pakistan (GOP) communicated through Finance Division, it is advised to note the following clarifications/revisions w.r.t Tier 1 of Naya Pakistan Low Cost Housing (NPLCH) under KPP:

    1. It shall not be mandatory for applicants of Tier 1 housing loans verified by Naya Pakistan Housing & Development Authority (NAPHDA) through NADRA to be beneficiaries of Ehsaas. Hence, housing finance extended under Tier 1 is exempt from the requirement of PMT score.

    2. Tier 1 NAPHDA projects of NPLCH will be launched throughout Pakistan instead of selected provinces or districts.

    3. Commercial banks/DFIs may continue to provide wholesale lending through Microfinance providers (MFPs) but will not provide direct lending to the customers under NPLCH.

3.   Other instructions on the subject shall remain unchanged.

Sincerely yours,


(Dr Mian Farooq Haq)


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