The Benazir Income Support Programme (BISP) and KfW, a German Development Bank, have joined hands to enhance their efforts in alleviating poverty and supporting flood victims in Pakistan through signing a Memorandum of Understanding (MoU) worth Euro 27 million.
Secretary Benazir Income Support Program (BISP), Amer Ali Ahmed, and Country Director of KfW, Sebastian Jacobi, signed the MoU at a ceremony held here on Friday.
The signing ceremony was witnessed by the Federal Minister for Poverty Alleviation and Social Safety (PA&SS) and Chairperson of Benazir Income Support Program (BISP), Ms. Shazia Marri, Secretary PA&SS division and other officials of Benazir Income Support Programme.
The MoU entails a generous contribution of 27 million euros from the German Bank to support the rehabilitation and cash assistance of flood victims in Pakistan.
One of the key provisions of the agreement is the allocation of an additional cash assistance amounting to Rs 30 million to the flood victims, aiming to provide immediate relief and address their urgent needs.
Furthermore, the MoU also includes an investment of two million euros for the initiation of a pilot project under the Benazir Nashonuma Programme, which focuses on improving the nutritional status of vulnerable communities particularly the girls in the areas that were worst hit during the flood last year.
