Bank Alfalah, one of the leading commercial banks, has been a trusted partner of the Benazir Income Support Programme (BISP) for over 12 years and has been dedicated to the digital social cash transfer programme since 2011. This year, Bank Alfalah and another partner bank were awarded the contract to serve 7 clusters out of 15 across the country, attaining the largest portfolio as a single contracting institution for the BISP. With the signing of the new contract, the bank will serve 4.3 million beneficiaries, 47% of the BISP beneficiary base.

At a recent meeting at BISP Headquarters, Atif Bajwa, President and CEO of Bank Alfalah, and Muhammad Yahya Khan, Group Head of Digital Banking, they have conferred with BISP Chairperson Senator Rubina Khalid. The two organisations discussed their mutual readiness for the new clusters, with a strong emphasis on treating BISP beneficiaries with the utmost respect and dignity.

The discussion also focused on the bank’s actively developing and implementing new innovative projects aimed at financially empowering beneficiaries and providing and continuously promoting financial literacy to enable them to become economically independent.

Bank Alfalah has remained resolute in supporting millions of BISP beneficiaries. Since 2011, the bank has digitally disbursed over PKR 388 billion to the recipients, embodying its core values of empathy and responsibility. BISP and Bank Alfalah’s teams are set to jointly develop and implement effective training initiatives to enhance beneficiary support, ensuring positive outcomes and impactful assistance for the deserving community.