ISLAMABAD
\nBenazir Income Support Programme (BISP) Chairperson Dr Amjad Saqib said that the project\u2019s mission revolves around the principles of social justice and addressing poverty by mitigating the needs of the poor through income support.
\nAddressing an event titled \u2018Bridging the Financial Inclusion Gap in Pakistan\u2019 organized by World Economic Forum\u2019s EDISON Alliance and Virtual Remittance Gateway (VRG), Dr Muhammad Amjad Saqib emphasized BISP\u2019s commitment to supporting disadvantaged families, enabling access to education for girls and boys, and empowering women.
\nThe Prime Minister of Pakistan was the chief guest of this event, while Finance Minister Dr Shamshad Akhtar, Deputy Governor SBP Saleem Ullah Khan and representatives of Pakistan Telecommunication Authority, Utility Stores Corporation and JAZZ also addressed the event.
\nHe said that the Benazir Kafaalat initiative supports approximately 9.3 million families with quarterly cash assistance of Rs. 8,750 per beneficiary per family, providing crucial financial support. Benazir Scholarship Program extends educational stipends to 8.2 million students from these families, this initiative promotes education by mitigating financial barriers and fostering future leaders.
\nHe further said that Benazir Scholarships for Undergraduates aids 102,000 low-income students, covering tuition fees and providing an annual stipend of Rs. 40,000, ensuring equal access to quality education. Benazir Nashonuma is an essential intervention addressing malnutrition in Pakistan, benefiting 1.12 million pregnant mothers and their newborn children, significantly combating stunting.
\nDr Muhammad Amjad Saqib said that in times of national emergencies, BISP has been a lifeline, providing swift and efficient assistance during crises such as the COVID-19 pandemic and flood relief in 2022. Dr Muhammad Amjad Saqib extended his gratitude to international donors, governmental agencies, and non-governmental organizations for their strong partnerships in achieving these milestones.
\nHe unveiled BISP\u2019s ambitious future goals, including real-time digital fund transfers, enhancing data-driven targeting mechanisms, collaborating with international donors, achieving sustainability, and supporting widows and orphans. Furthermore, BISP aims to open bank accounts for all 9.3 million beneficiaries, making the best use of the Asaan Mobile Account scheme, he added.
\nIn his closing remarks, Dr Saqib emphasized the critical importance of poverty eradication, stating, \u201cPoverty is pain, poverty is poison. We cannot promote peace unless we end poverty.\u201d He called for continued support and partnership from all stakeholders and expressed gratitude to organizations such as Pathfinder and VRG for bringing everyone together.
\nDr Saqib also thanked Claude Dyer and the World Economic Forum\u2019s EDISON ALLIANCE for recognizing Pakistan\u2019s remarkable success story, particularly the Asaan Mobile Account Scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Benazir Income Support Programme (BISP) Chairperson Dr Amjad Saqib said that the project\u2019s mission revolves around the principles of social justice and addressing poverty by mitigating the needs of the poor through income support. Addressing an event titled \u2018Bridging the Financial Inclusion Gap in Pakistan\u2019 organized by World Economic Forum\u2019s EDISON Alliance and Virtual […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":{"0":"post-367388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n