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ISLAMABAD, Oct 01 (APP): Benazir Income Support Programme (BISP) and 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.
In a Zoom meeting, Secretary BISP, Amer Ali Ahmed and Deputy G
overnor State Bank of Pakistan, Saleemullah discussed the progress of the new banking model.
The Deputy G
overnor SBP assured full cooperation to streamline and improv
e the payment process.
He informed that SBP was ready to develop a pilot and BISP has to finaliz
e 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 onc
e the pilot is launched, the long queues in front of Bank agents will be extinct.
