Benazir Income Support Programme (BISP) signed an agreement with six banks for disbursement of funds among its 9.3 Million beneficiary households.
BISP beneficiaries now with broader partnership service being provided by Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance.
The BISP will annually save Rs 2 billion on account of competition introduced through this new payment system.
The secretary BISP speaking at the event explained that initially, the programme was utilizing the services of only two banks and the contracts of the same had expired some years back.
Secretary BISP, Amer Ali Ahmed said that, “With beneficiary awareness and a grievance redressal system created in collaboration with banks, we are poised to overcome challenges and achieve a more responsive System”.
Chairperson BISP Dr. Muhammad Amjad Saqib, in his address, emphasized the importance of collective responsibility towards uplifting the marginalized.
