In a significant development aimed at enhancing transparency and financial inclusion, Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP), met with Karandaaz Pakistan’s Chief Digital Officer, Sharjeel Murtaza, and Associate Director, Usman Kokab, at the BISP Headquarters on November 15, 2024. Accompanied by Secretary Amer Ali Ahmad, the meeting focused on digitalizing payment systems for BISP beneficiaries and fostering greater accountability in fund distribution.
Implementation of the RAAST Payment System for Efficient and Secure Transactions
The discussion revolved around implementing the RAAST Payment System, introduced by the State Bank of Pakistan, which promises efficient and secure transactions. This system aims to eliminate delays in fund transfers and provide beneficiaries primarily women with a reliable financial aid mechanism. Biometric verification was identified as a vital component of the proposed system, designed to enhance security and prevent unauthorized access.
BISP Kafalat Stipend Increase for Poor and Deserving Families 2025
Additionally, the meeting highlighted skill development programs, which are integral to BISP’s mission of empowering vulnerable communities. Senator Khalid underscored the importance of equipping women with the tools to achieve financial independence. A collaboration with Bank Alfalah’s Alfa Mall project, for instance, enables female artisans to market their products digitally, showcasing a model for sustainable empowerment.
Secretary Amer Ali Ahmad’s Proposal for Implementing the RAAST System
Secretary Amer Ali Ahmad suggested piloting the RAAST system through BISP’s existing partner banks to ensure a seamless rollout. The discussions also laid the groundwork for upcoming bilateral talks between the State Bank of Pakistan and BISP. These talks aim to further streamline the digitalization process and refine the mechanisms for fund disbursement.
| Focus Area | Initiatives | Impact |
|---|---|---|
| Digital Payment System | Implementation of RAAST | Secure, efficient, and transparent fund transfers |
| Biometric Verification | Strengthening recipient authentication | Prevents misuse and ensures proper delivery of funds |
| Skill Development Programs | Collaboration with Alfa Mall Project | Promotes economic empowerment for women |
| Upcoming State Bank Talks | Enhancing fund transparency and efficiency | Builds robust digital infrastructure for BISP |
Senator Khalid’s leadership reflects the government’s commitment to leveraging technology for social welfare. This collaboration with Karandaaz Pakistan marks a crucial step toward achieving financial inclusion, fostering economic independence, and ensuring dignified support for the underserved. As BISP advances its digital transformation, it sets a precedent for modernized social welfare delivery in Pakistan. The forthcoming State Bank talks are expected to strengthen these initiatives and elevate the quality of service provided to BISP beneficiaries
