State Bank of Pakistan launches a framework with BISP to enable 9.3 million beneficiaries to receive social welfare payments directly into bank accounts.
State Bank of Pakistan (SBP) launched a framework to enable 9.3 million Benazir Income Support Programme (BISP) beneficiaries to receive social welfare payments directly into their bank accounts. The facilitation framework, developed with BISP and banks, allows beneficiaries to open a "BISP Sahulat Account" in a single visit to designated bank branches near them. The implementation will occur in phases, with a pilot stage in Karachi and Lahore for around 300,000 beneficiaries.
April 08, 2024
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