BISP signs contract with HBL, Bank Alfalah for disbursement of financial assistance

BISP signs contract with HBL, Bank Alfalah for disbursement of financial assistance

ISLAMABAD, Oct 10 (APP):Special Assistant to Prime Minister on Poverty Alleviation and Social Protection and Chairperson of Benazir Income Support Programme (BISP) Dr. Sania Nishtar said that BISP Thursday signed a contract with Bank Alfalah and Habib Bank for the disbursement of financial assistance to deserving people.

Speaking at a signing ceremony, she said that the new biometric based payment solution developed by BISP through an open and consultative process was a great step to ensure good governance, transparency and efficiency in the payment mechanism for beneficiaries, said a press release.

She said that hiring of the new financial institutions through a transparent and open competitive bidding process was a significant development for improved service delivery and fraud prevention.

Dr. Nishtar said that the new payment solution has been designed in line with the Prime Minister’s vision of financial inclusion of poor women through one woman-one account as envisaged under the Government’s flagship Ehsaas Program.

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