sbp introduces new framework for bisp beneficiaries' financial assistance

SBP Introduces New Framework for BISP Beneficiaries’ Financial Assistance

The State Bank of Pakistan (SBP) has introduced a new facilitation framework designed to streamline the process of delivering financial assistance to beneficiaries of the Benazir Income Support Program (BISP). This initiative aims to ensure that BISP beneficiaries receive their financial aid directly into their bank accounts. Under this framework, approximately 9.3 million BISP beneficiaries…

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State Bank of Pakistan Refutes Rumors of Polymer Currency Notes, Assures Introduction of New Secure Banknotes

The State Bank of Pakistan (SBP) has dismissed speculations circulating in the news regarding the issuance of polymer currency notes, affirming its commitment to traditional paper-based banknotes. Recent controversies arose concerning misprinted banknotes in Karachi, prompting the SBP to clarify that such occurrences are inherent risks in large-scale currency production. Earlier, the SBP announced plans…

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