No more April payments to be given in pakistan after 9 August
The Benazir Income Support Program (BISP) has announced a critical update concerning payment distributions for beneficiaries in Sindh, Punjab, and Balochistan. According to Naveed Akbar, Director General of BISP, the program will cease payments for the period from April to June after August 9th. Beneficiaries are urged to collect their payments by this date to avoid any disruptions.
Deadline for April to June Payments
Last Date for Payments
In a recent announcement, Naveed Akbar highlighted that August 9th marks the final opportunity for beneficiaries in the mentioned provinces to receive their payments for the April to June period. After this date, the current banking partners will no longer process these payments, and the remaining funds will be withheld.
Transition to New Banking Partners
The shift to new banking partners is part of BISP’s ongoing efforts to improve the efficiency and transparency of its payment system. Beneficiaries are advised to collect their payments before the deadline to ensure they do not miss out on these crucial funds.
Why BISP is Adding New Banks for 8171 Kafalat Payments
Enhancing Transparency and Efficiency
Rubina Khalid has emphasized that BISP is expanding its banking partnerships to enhance the efficiency and transparency of its payment distribution. This move includes setting up payment campsites with trained staff to ensure a smooth and transparent payment process. Any form of corruption or mistreatment of beneficiaries will be strictly addressed.
Digital Payment Solutions
To further combat fraudulent activities, BISP is working with the Ministry of Information Technology (MOIT) to develop a digital payment solution. This initiative aims to secure payments and ensure that beneficiaries receive their due funds without issues.
New Banks Partnering with BISP in 2024
List of New Banking Partners
Starting from September, BISP will collaborate with a new set of banks for payment distributions. The new partners include:
- Bank Al Falah
- Bank of Punjab
- Mobilink Microfinance
- Telenor Microfinance Bank
- Habib Bank Limited (HBL)
- HBL Microfinance
These banks are expected to streamline the payment process and facilitate easier transactions for beneficiaries. Additionally, beneficiaries will have the option to move funds between their mobile wallets (EasyPaisa/JazzCash) and their bank accounts.
Signing of Agreements
The agreements with these new banks were formalized during a ceremony held at the BISP offices, with Director General Naveed Akbar and representatives from the partner banks signing the contracts and discussing the details of their collaboration.
Conclusion
In summary, BISP beneficiaries in Sindh, Punjab, and Balochistan must collect their payments for the April to June period by August 9th. This is the last day the current banks will process these payments before BISP transitions to new banking partners. Beneficiaries should ensure they receive their payments before the deadline to avoid any interruptions. Future payments will be handled by the new banks starting in September, aiming for a more efficient and secure payment system.
Quick Details
| Details | Information |
| Last Payment Date | August 9th |
| Affected Provinces | Sindh, Punjab, Balochistan |
| Current Payment Period | April to June payments |
| New Banking Partners | Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, HBL, HBL Microfinance |
| Future Payment Start Date | September |
| Digital Payment Initiative | Collaboration with MOIT to prevent fraud |
