BISP, SBP to develop new banking model for payment disbursement to beneficiaries

MG News | October 02, 2024 at 11:12 AM GMT+05:00

0:00

October 02, 2024 (MLN): Benazir Income Support Programme (BISP) and the State Bank of Pakistan (SBP) are jointly working on the development of a new banking model for the disbursement of payments to over 9.3 million BISP beneficiaries, APP reported.

In a Zoom meeting, Secretary BISP, Amer Ali Ahmed, and Deputy Governor State Bank of Pakistan, Saleemullah discussed the progress of the new banking model.

The Deputy Governor SBP assured full cooperation to streamline and improve the payment process.

He informed that SBP was ready to develop a pilot and BISP has to finalize the internal mechanics of the implementation strategy.

The joint objective of BISP and SBP is to ensure transparency and disbursement to beneficiaries in a dignified manner.

It is expected that once the pilot is launched, the long queues in front of Bank agents will be extinct.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	151,707.52 244.73M	-0.79% -1200.45
ALLSHR	90,950.95 421.06M	-0.91% -834.89
KSE30	45,918.57 92.97M	-0.83% -386.29
KMI30	220,125.22 87.98M	-0.85% -1889.21
KMIALLSHR	59,363.52 256.09M	-1.02% -613.27
BKTi	41,297.63 25.33M	-0.60% -248.70
OGTi	31,189.41 18.57M	-2.53% -809.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,180.00	69,315.00 65,710.00	-2590.00 -3.77%
BRENT CRUDE	114.57	114.88 105.09	6.56 6.07%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.30 -9.39%
ROTTERDAM COAL MONTHLY	119.75	121.40 119.75	-1.40 -1.16%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	101.18	101.24 92.08	6.70 7.09%
SUGAR #11 WORLD	15.75	15.93 15.66	-0.12 -0.76%