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

Jazz International Enters Insurtech Space With Public Offer For TPL Insurance

Jazz International Holding Limited launches a public offer to acquire 6.67% of TPL Insurance shares at Rs30 per share as part of a major majority acquisition.

Kyrgyzstan Eyes Central Asian Tech Dominance Through Crypto And AI Hub Strategy

Kyrgyzstan is rapidly developing its infrastructure and regulatory frameworks to position itself as a leading regional hub for cryptocurrency and artificial intelligence.

Russia Moves To Criminalize Unlicensed Crypto Services Amid Crackdown

Russian lawmakers propose strict prison sentences and heavy fines for unregistered cryptocurrency platforms as the state seeks total digital asset control.

Pakistan REIT Association Registered With SECP To Strengthen Real Estate Investment Trust Framework

Pakistan REIT Association has been registered with SECP to support real estate investment trusts, improve regulatory framework, and enhance transparency in Pakistan’s property sector.

National Bank Of Pakistan Partners With ISTIQEME To Expand QR Based Digital Payments

National Bank of Pakistan partners with ISTIQEME to deploy QR payment solutions, strengthen merchant onboarding, and support digital payment adoption across Pakistan.

Topics

Jazz International Enters Insurtech Space With Public Offer For TPL Insurance

Jazz International Holding Limited launches a public offer to acquire 6.67% of TPL Insurance shares at Rs30 per share as part of a major majority acquisition.

Kyrgyzstan Eyes Central Asian Tech Dominance Through Crypto And AI Hub Strategy

Kyrgyzstan is rapidly developing its infrastructure and regulatory frameworks to position itself as a leading regional hub for cryptocurrency and artificial intelligence.

Russia Moves To Criminalize Unlicensed Crypto Services Amid Crackdown

Russian lawmakers propose strict prison sentences and heavy fines for unregistered cryptocurrency platforms as the state seeks total digital asset control.

Pakistan REIT Association Registered With SECP To Strengthen Real Estate Investment Trust Framework

Pakistan REIT Association has been registered with SECP to support real estate investment trusts, improve regulatory framework, and enhance transparency in Pakistan’s property sector.

National Bank Of Pakistan Partners With ISTIQEME To Expand QR Based Digital Payments

National Bank of Pakistan partners with ISTIQEME to deploy QR payment solutions, strengthen merchant onboarding, and support digital payment adoption across Pakistan.

Wavetec Onboards Ninth Cash Deposit Machine Client Expanding Banking Automation Footprint In Pakistan

Wavetec strengthens its banking automation presence in Pakistan by onboarding its ninth Cash Deposit Machine client, expanding partnerships with major banks.

Finance Ministers And Central Bankers Raise Concerns Over Anthropic Claude Mythos AI Model

Finance ministers, central bankers and financial institutions raise concerns about Anthropic’s Claude Mythos AI model and its potential impact on cybersecurity and financial system resilience.

The Hidden Fault Lines of Buy Now, Pay Later in Emerging Economies: South Asia and the Pakistan Stack

An in-depth analysis of Buy Now Pay Later expansion in emerging markets with a focus on South Asia and Pakistan, examining the BNPL ecosystem, digital lending layers, financial risks, regulatory challenges, and the evolving credit stack across consumers, merchants, and fintech platforms.
spot_img

Related Articles

Popular Categories

spot_imgspot_img