ext-align: justify;">ISLAMABAD, Oct 01 (APP): Benazir Income Support Programme (BISP) and State Bank of Pakistan (SBP) are jointly working on the development of a new banking model for the disbursement of payments to over 9.3 million BISP beneficiaries.
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ext-align: justify;">In a Zoom meeting, Secretary BISP, Amer Ali Ahmed and Deputy Governor State Bank of Pakistan, Saleemullah discussed the progress of the new banking model.
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ext-align: justify;">The Deputy Governor SBP assured full cooperation to streamline and improve the payment process.
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ext-align: justify;">He informed that SBP was ready to develop a pilot and BISP has to finalize the internal mechanics of the implementation strategy.
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ext-align: justify;">The joint objective of BISP and SBP is to ensure transparency and disbursement to beneficiaries in a dignified manner.
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ext-align: justify;">It is expected that once the pilot is launched, the long queues in front of Bank agents will be extinct.
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