On December 17, the Benazir Income Support Programme (BISP) announced a landmark agreement with the Bill & Melinda Gates Foundation and Karandaaz Pakistan. The partnership aims to streamline and enhance the transparency of funds distribution to BISP beneficiaries. This initiative results from significant discussions held in London by BISP Chairperson Senator Rubina Khalid and Secretary Amer Ali Ahmad with the partnering organizations.
Key Features of the Partnership
Under the agreement, Karandaaz Pakistan will enable efficient fund transfers to targeted districts across the country through the RAAST payment system. Additionally, Karandaaz will roll out a Digital and Financial Literacy Training program, with its trial phase set to launch on June 30, 2025.
Quick Details of the Partnership
| Aspect | Details |
|---|---|
| Agreement Signed By | Naveed Akbar (BISP) and Sharjeel Murtaza (Karandaaz) |
| Location | BISP Headquarters, Islamabad |
| Key Attendees | Senator Rubina Khalid, Amer Ali Ahmad, and others |
| Focus Areas | Transparent payments and financial literacy |
| Trial Phase Launch | June 30, 2025 |
Signing Ceremony Highlights
The signing event took place at BISP Headquarters and was presided over by Chairperson Senator Rubina Khalid. Senior officials from BISP, Karandaaz Pakistan, and the Bill & Melinda Gates Foundation, including Syed Ali Mahmood and Sharjeel Murtaza, attended the event.
During her speech, Senator Rubina Khalid underlined the significance of the agreement. She emphasized that BISP is committed to enhancing the dignity and self-respect of its beneficiaries while ensuring full transparency in the payment process. The initiative is a revolutionary step toward modernizing the funds transfer mechanism.
Goals of the Initiative
Immediate Objectives:
- Facilitate timely and transparent fund transfers to beneficiaries through the RAAST payment system.
- Launch the trial phase of the nationwide Digital and Financial Literacy Training program.
Long-Term Vision:
- Improve the overall financial empowerment of women beneficiaries.
- Ensure the efficient and dignified distribution of assistance funds.
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Conclusion
The collaboration between BISP, the Bill & Melinda Gates Foundation, and Karandaaz Pakistan signifies a transformative step toward efficient and transparent financial assistance. By leveraging modern digital tools and prioritizing financial literacy, this initiative is set to uplift countless beneficiaries while maintaining their dignity and self-respect. The agreement not only strengthens BISP’s mission but also sets a new standard for social welfare programs in Pakistan.
