Business

BISP to launch digital wallet system for 14,500 installments

Published by
Staff Reporter

LAHORE: The government is currently considering a major update to the Benazir Income Support Program (BISP) payment system for 2026.

The proposed policy will enable direct digital wallet transfers of the current installment amounting to Rs 14,500. The new system aims to eliminate cash payments and traditional camp systems through its implementation of modern operational methods.

The new system may involve partnerships with mobile financial platforms such as Easypaisa and JazzCash. The government intends to establish withdrawal capabilities through Bank Alfalah, HBL Microfinance, and the Bank of Punjab.

The beneficiaries will gain the ability to access their funds through any approved agent, ATM, or retail location that exists throughout the country, instead of needing to visit designated district camp locations.

The primary goal of this digital transition is to increase transparency and reduce the burden on women who currently wait in long lines.

The system will create beneficiary accounts through their CNIC and mobile number, which exists in their official records. The public awaits a complete announcement that includes government validation despite the importance of these reports.

Staff Reporter

Recent Posts

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

2 minutes ago

ICC Arbitration Puts Pakistan’s Energy Sector Under Pressure

ISLAMABAD: Pakistan's energy sector is headed for another high-stakes international commercial arbitration, with Petrosin CNG…

32 minutes ago

5-Year employees asked to submit documents

PESHAWAR: Documents have been sought from employees who have completed 5 years of service for…

1 hour ago

Hot, Humid weather to continue, Rain expected

ISLAMABAD: The Meteorological Department has predicted rain with thundershowers in various cities. According to the…

1 hour ago

Suzuki Cultus new prices revealed in Pakistan

ISLAMABAD: Pak Suzuki’s latest financing policy has released the prices of all Cultus variants, total…

1 hour ago

Farrukh Khokhar arrested after court hands down life sentence in Majid Satti murder case

RAWALPINDI: Farrukh Khokhar was arrested inside the courtroom on Monday after a Rawalpindi court sentenced…

3 hours ago