Dr. Sania Nishtar, SAPM Updates on Ehsaas Cash Assistance Package

Adviser to Prime Minister on Finance and Revenue chaired a meeting here at the Finance Division with Special Assistant to Prime Minister on Social Protection and Poverty Alleviation (SP&PA) Dr. Sania Nishtar for an update on the preparations of release of second tranche of Ehsaas Cash Assistance package in response to Covid-19.

SAPM briefed the Adviser that during the first phase of the program as response to the Covid-19 pandemic, an amount of Rs.175 billion was disbursed by BISP to 14.6 million beneficiaries @ 12000 as one time assistance during 2019-20. Now under the instructions of the Prime Minister the second phase has to be started to provide additional cash relief to those who need it most urgently. The Special Assistant on SPPA briefed that there are 4.6 million regular beneficiaries of Kafalat program, and one time Emergency Cash Assistance was provided to 11.6 million beneficiaries during the pandemic to look after their cash needs.

The Special Assistant said that for the second tranche a revised list of Emergency Cash Assistance beneficiaries will soon be prepared (as the number might be reduced due to control in the spread of the disease and opening on businesses and markets) and all the necessary details will soon be shared with the Finance Division.

The Adviser appreciated the efforts of the Poverty Alleviation Division in looking after the poorest of the poor in the unexpected times and said that for the second tranche of the cash assistance program, Finance Division shall provide all possible help after the SP&PA Division works out the exact requirement of funds for the Kafalat Program, Emergency Cash Assistance and for paying bank Service charges. He also directed to provide an update to the Finance Division about the transparency standards and expenditure already made under round-1 of Ehsaas Emergency Cash Assistance Program.

Hot this week

Bank Makramah Approves Nasser Lootah Investment Worth $36 Million

Bank Makramah approves a $36 million investment by Nasser Lootah, supporting the bank’s capital position and ongoing financial transformation.

SECP Approves Naya Nazimabad Apartments REIT Public Offering For PSX Listing

SECP approves Naya Nazimabad Apartments REIT prospectus, paving the way for its PSX listing and expanding regulated real estate investment opportunities.

ABHI Microfinance Bank Reports Record Half-Year Profit After Tax Of PKR 1.502 Billion

ABHI Microfinance Bank reports record half-year profit of PKR 1.502 billion, supported by stronger assets, deposits, lending and revenue growth.

SECP Hosts Transition Training Program For Army Officers On Corporate Financial Sector Regulations

SECP hosts a transition training program for Army officers, providing insights into its regulatory mandate, corporate sector framework and financial ecosystem.

SECP Talk Series Explores Future Of Islamic Finance Halal Economy And Ethical Investment Globally

SECP Talk Series features Yousuf Hassan Khalawi discussing Islamic finance, halal economy, sustainable development and ethical investment from a global perspective.

Topics

Bank Makramah Approves Nasser Lootah Investment Worth $36 Million

Bank Makramah approves a $36 million investment by Nasser Lootah, supporting the bank’s capital position and ongoing financial transformation.

SECP Approves Naya Nazimabad Apartments REIT Public Offering For PSX Listing

SECP approves Naya Nazimabad Apartments REIT prospectus, paving the way for its PSX listing and expanding regulated real estate investment opportunities.

ABHI Microfinance Bank Reports Record Half-Year Profit After Tax Of PKR 1.502 Billion

ABHI Microfinance Bank reports record half-year profit of PKR 1.502 billion, supported by stronger assets, deposits, lending and revenue growth.

SECP Hosts Transition Training Program For Army Officers On Corporate Financial Sector Regulations

SECP hosts a transition training program for Army officers, providing insights into its regulatory mandate, corporate sector framework and financial ecosystem.

SECP Talk Series Explores Future Of Islamic Finance Halal Economy And Ethical Investment Globally

SECP Talk Series features Yousuf Hassan Khalawi discussing Islamic finance, halal economy, sustainable development and ethical investment from a global perspective.

Pakistan Reaffirms Commitment To Cashless Economy Through Digital Payments And Financial Inclusion

Pakistan reaffirms its cashless economy drive, focusing on digital payments, financial inclusion, digital infrastructure and public-private collaboration.

Zong Launches Z Wallet With Zindigi After PayMax Exit From Fintech Market

Zong launches Z Wallet with Zindigi, bringing embedded banking to the My Zong App and expanding digital financial services for millions of users.

JS Bank Wins Mobile App Award At Asian Banking And Finance Fintech Awards 2026

JS Bank wins the Mobile App Award at the Asian Banking and Finance Fintech Awards 2026, recognising its digital banking innovation.
spot_img

Related Articles

Popular Categories