BISP releases instalment to partner banks

23 Jun, 2016

The management of Benazir Income Support Programme has released the instalment to its partner banks for the last quarter of the current financial year 2015-2016. The BISP is the largest social safety net in South Asia under which 5.3 million beneficiary families in all over Pakistan are provided Rs 4700 per quarter.
In a statement issued here on Wednesday from the BISP Regional headquarter Sindh Karachi, the Director General BISP Naeem Anwar said that transparency is the hallmark of the BISP and last trench of the current fiscal year has been released to the banks so that this amount may be transferred to the beneficiaries in a transparent manner.
The women beneficiaries can withdraw money from any ATM and POS (UBL Omni) machine. BISP provides money to its beneficiaries through five partner banks which include Bank Alfalah, UBL, HBL, Tameer and Summit Bank, however, the beneficiaries can withdraw their money from ATM of any bank, he said.
He said that the government is trying to give relief to the poorest of the poorest segment of the society through this programme so that maximum number of families could become financially independent. The release of this instalment in Ramazan and before Eid will provide comfort to the registered families in this sacred month, he hoped. He said that the women beneficiaries should use their BDC's themselves and be aware of the fraudulent elements. In case of any problem, beneficiaries can contact their nearby respective BISP Tehsil Offices or call at toll free number 0800-26477 for registering and resolving their complaints, he advised.

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