The internationally acclaimed Benazir Income Support Programme (BISP) has introduced a new payment system for its beneficiaries through hiring the services of six banks which would help facilitate the beneficiaries and save Rs 2 billion.
The agreement, in this regard, was signed by the BISP and six banks recently for the disbursement of funds among its 9.3 million beneficiary households.
According to an official source, initially, the program was utilizing the services of only two banks and the contracts of the same had expired some years back.
However, this expansion signifies the introduction of wider service provider banks thus leading to greater transparency.
The purpose of introducing this new payment system is to reduce the difficulties of the end users and facilitate them to withdraw their quarterly stipends without any hassle.
