The Benazir Income Support Programme (BISP) has introduced an interoperable payment system that allows women beneficiaries across Pakistan to receive financial assistance through any of six participating banks and financial institutions.
Disbursement of the first instalment under the new arrangement has begun through Habib Bank Limited (HBL), HBL Microfinance Bank, Easypaisa, JazzCash, Bank Alfalah and Bank of Punjab.
The system gives beneficiaries a choice of payment channel, reduces long queues and prevents unauthorised deductions. It is also intended to improve transparency and accountability in the delivery of assistance.
To mark the launch, BISP Chairperson Senator Rubina Khalid met State Bank of Pakistan Governor Jameel Ahmad to discuss implementation of the new payment mechanism and its future roadmap. BISP Additional Secretary Dr. Ismat Nawaz also attended the meeting.
Khalid thanked the State Bank for its guidance and support in developing the digital banking system and onboarding the six payment partners.
She said the system would allow women beneficiaries to access assistance through their preferred banking channels. She reaffirmed BISP’s commitment to strengthening financial inclusion and ensuring transparent and dignified delivery of assistance.
She added that coordination with the State Bank and partner institutions would continue as the system is implemented.
