+923218400111
ROOM NO 214, 2ND FLOOR, LSE PLAZA, 19-KHYABAN-E-AIWAN-E-IQBAL, LAHORE
accounts@bspl.com.pk

Are you ready to change the game? Find Out More

Relief disbursement for Ramazan accelerated | The Express Tribune
Home » BUISNESS  »  Relief disbursement for Ramazan accelerated | The Express Tribune

ISLAMABAD:

The government on Monday reviewed progress on the Prime Minister's Ramazan Relief Package 2026, directing banks and payment institutions to accelerate account activation and fund disbursements to beneficiaries ahead of the holy month.

The review took place at a high-level meeting chaired by the Federal Minister for Poverty Alleviation and Social Safety, with participation from partner financial institutions and representatives of the State Bank of Pakistan (SBP), according to an official statement.

The minister underscored the urgency of completing account creation and activation at full scale and instructed institutions to speed up the release of funds over the coming days. He stressed that all remaining beneficiaries must be mobilised immediately to ensure seamless activation and onward crediting of relief amounts in line with the prime minister's directives.

Officials from partner financial institutions briefed the meeting on progress made in opening new accounts, reactivating dormant accounts and carrying out disbursements through both cash and digital channels. Institutions, including commercial banks, microfinance banks and digital payment providers, shared updates on measures taken to meet the requirements of the Ramazan relief package and reiterated their commitment to close coordination during the implementation phase.

The SBP representative informed the meeting that ATM awareness flyers were being displayed across partner institutions to facilitate beneficiaries on accessing funds. To prevent delays, the federal minister directed that required funds be transferred promptly for onward release to partner institutions and instructed them to share daily progress reports with the Ministry of Poverty Alleviation and Social Safety.

The daily updates, the statement said, would help ensure transparency, effective oversight and real-time monitoring of the relief programme as disbursements continue across the country.

The minister approved all directions issued during the meeting for immediate implementation, reiterating the government's resolve to ensure timely delivery of assistance to eligible families during Ramazan through coordinated efforts with financial institutions and the central bank. He also appreciated the proactive role of partner institutions and the central bank, noting that close coordination was essential for uninterrupted implementation and smooth disbursement. He said the objective was to provide timely, dignified relief to beneficiaries and ensure the process remained efficient throughout Ramazan nationwide.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Public Notice

Beware of Fraudulent Schemes Misusing the Name of Bridge Securities Pvt. Ltd

Fraudulent individuals and entities may misuse the identity of Bridge Securities Pvt. Ltd or falsely impersonate its directors or executives to deceive the public through unauthorized communication channels, fake profiles, and misleading information.

We strongly advise our clients and the general public to exercise caution and remain vigilant against such scams.

Please note:

  • Bridge Securities Pvt. Ltd has no affiliation with any unofficial pages, profiles, apps, or WhatsApp numbers.
  • We never request OTPs, personal information, funds, or investments through unofficial platforms.
  • All communication from Bridge Securities Pvt. Ltd is conducted only through our official phone numbers, website, email, social media handles through official representatives.

For your safety:

  • Always verify the authenticity of any communication before engaging.
  • Make sure that you are dealing with licensed entities and registered professionals by conducting research from the PSX and SECP websites.
  • Regularly visit SECP, PSX, CDC, and NCCPL websites for authentic updates.
  • Transact only through official banking channels linked to licensed brokers.
  • In case of any ambiguity it is recommended to contact and verify the information through our official representatives.

Official Channels:

  • Website: www.bspl.com.pk
  • Email: accounts@bspl.com.pk
  • Social Media: Not Available
  • Helpline: 0321-8400111

Shareholder Agahi – Your Gateway to Shareholder Insights

Pakistan’s first comprehensive platform, developed by PICG and CDC, dedicated to enhancing shareholder awareness and empowerment.

Discover Shareholder Agahi- Your one-stop hub for real-time shareholder updates, rights, and governance insights. Empower yourself with accurate information.Explore the portal: https://www.shareholderagahi.com/ Watch the tutorial (Urdu): https://www.youtube.com/watch?v=O7iCRiKJ37A

This will close in 20 seconds