Chairperson of the Benazir Income Support Programme (BISP), Rubina Khalid, has announced a significant increase in the Kafalat quarterly installment for the program’s 9.3 million beneficiaries.
During her visit to the Benazir Nashonuma Center at Sindh Government Hospital, PIB Colony in Karachi, she stated that the cash assistance will be raised by Rs3,000, bringing the quarterly payment from Rs10,500 to Rs13,500.
BISP a to Support 10 million households by next year
Rubina Khalid highlighted that the number of households benefiting from the BISP, which currently stands at 9.3 million, is projected to increase to 10 million by next year.
The Kafalat program plays a critical role in providing financial support to low-income families across the country, helping alleviate poverty and promote financial inclusion.
Expansion of banking network for easier access to payments
To facilitate smoother and more accessible payments, the BISP has broadened its banking partnerships. Previously, the program relied on two banks for the distribution of quarterly installments.
Read More: Pakistan announces formation of task forces to achieve SDGs
Now, agreements have been signed with six additional banks, ensuring more convenient access to funds for beneficiaries.
List of partner banks for BISP kafalat withdrawals
BISP beneficiaries can now withdraw their quarterly installments from ATMs of six approved banks: Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited (HBL), and HBL Microfinance.
This expansion allows recipients to access funds from any ATM operated by these banks nationwide, enhancing the convenience of the payment process.
This increase in financial assistance and the expansion of banking services demonstrate the government’s commitment to improving the welfare of vulnerable populations by ensuring timely and hassle-free access to essential financial resources.
