CONFIG_MPIC_TIMER is not available for thedefaultarchitecture x86.
Result is shown for architecture powerpc

MPIC Global Timer

modulename: mpic_timer.ko

configname: CONFIG_MPIC_TIMER

Linux Kernel Configuration
└─>Platform support
└─>MPIC Global Timer
In linux kernel since version 3.10 (release Date: 2013-06-30)  
The MPIC global timer is a hardware timer inside the
Freescale PIC complying with OpenPIC standard. When the
specified interval times out, the hardware timer generates
an interrupt. The driver currently is only tested on fsl
chip, but it can potentially support other global timers
complying with the OpenPIC standard.

source code: